Beijing Tiantan Biological Products Co., Stock Forecast
Beijing Tiantan Biological Products Co., stock price fell more than -17.13% Thursday closing at $24.96
(Updated on Jun 20, 2024)
The Beijing Tiantan Biological Products Co., stock price fell by -17.13% on the last day (Thursday, 20th Jun 2024) from $30.12 to $24.96. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.01% from a day low at $24.60 to a day high of $25.34. The price has fallen in 6 of the last 10 days and is down by -18.83% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 million shares were bought and sold for approximately $254.13 million.
Given the current short-term trend, the stock is expected to rise 15.15% during the next 3 months and, with a 90% probability hold a price between $28.74 and $37.33 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600161.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Tiantan Biological Products Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $30.12 and $29.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -22.15%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Beijing Tiantan Biological Products Co., stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.740 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600161.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Beijing Tiantan Biological Products Co., Ltd. to open at $24.97, and during the day (based on 14 day Average True Range), to move between $23.74 and $26.18, which gives a possible trading interval of +/-$1.22 (+/-4.89%) up or down from last closing price. If Beijing Tiantan Biological Products Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.78% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $27.39, some $2.43 (9.74%) from the current price of $24.96, our system finds the risk reward not very attractive.
Is Beijing Tiantan Biological Products Co., Ltd. stock A Buy?
The Beijing Tiantan Biological Products Co., stock holds several negative signals and despite the positive trend, we believe Beijing Tiantan Biological Products Co., will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.594 Sell Candidate Downgraded
Predicted Opening Price for Beijing Tiantan Biological Products Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $24.97 ( 0.0267%) | $24.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600161.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.71 | 2.99% |
| R2 | 25.42 | 1.86% |
| R1 | 25.25 | 1.16% |
| Price | 24.96 | |
| S1 | 24.68 | -1.11% |
| S2 | 24.51 | -1.81% |
| S3 | 24.23 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.73 | 23.12% |
| R2 | 30.07 | 20.47% |
| R1 | 27.39 | 9.74% |
| Price | 24.96 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600161 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | $0.150 | 0.601% |
| 2 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | $0.0500 | 0.194% |
| 3 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.100 | 0.475% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.0833 | 0.292% |
| 5 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | $0.0500 | 0.149% |
FAQ
Click here for our free guide on how to buy Beijing Tiantan Biological Products Co., Ltd. Stock.
