Wuhan Sanzhen Industry Holding Co.,Ltd Stock Forecast
Wuhan Sanzhen Industry Holding Co.,Ltd stock upgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Wuhan Sanzhen Industry Holding Co.,Ltd stock price gained 1.79% on the last trading day (Wednesday, 26th Jun 2024), rising from $3.92 to $3.99. During the last trading day the stock fluctuated 2.84% from a day low at $3.88 to a day high of $3.99. The price has fallen in 6 of the last 10 days and is down by -34.27% for this period. Volume fell on the last day by -334 thousand shares and in total, 4 million shares were bought and sold for approximately $15.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.34% during the next 3 months and, with a 90% probability hold a price between $3.33 and $5.29 at the end of this 3-month period.
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600168.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.84%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wuhan Sanzhen Industry Holding Co.,Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.53 and $5.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wuhan Sanzhen Industry Holding Co.,Ltd stock
Wuhan Sanzhen Industry Holding Co.,Ltd finds support from accumulated volume at $3.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.110 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 3.21%.
Wuhan Sanzhen Industry Holding Co.,Ltd is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600168.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Wuhan Sanzhen Industry Holding Co.,Ltd to open at $3.95, and during the day (based on 14 day Average True Range), to move between $3.76 and $4.22, which gives a possible trading interval of +/-$0.226 (+/-5.65%) up or down from last closing price. If Wuhan Sanzhen Industry Holding Co.,Ltd takes out the full calculated possible swing range there will be an estimated 11.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.01 (0.50%) than the support at $3.92 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wuhan Sanzhen Industry Holding Co.,Ltd stock A Buy?
Wuhan Sanzhen Industry Holding Co.,Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.109 Sell Candidate Upgraded
Predicted Opening Price for Wuhan Sanzhen Industry Holding Co.,Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $3.95 ( 0.92%) | $3.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600168.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.06 | 1.84% |
| R2 | 4.02 | 0.785% |
| R1 | 4.00 | 0.134% |
| Price | 3.99 | |
| S1 | 3.91 | -1.97% |
| S2 | 3.89 | -2.62% |
| S3 | 3.84 | -3.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 4.01 | 0.501% |
| Price | 3.99 | |
| S1 | 3.92 | -1.75% |
| S2 | 3.88 | -2.76% |
| S3 | 0 | - |
600168 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | $0.0620 | 1.55% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | $0.169 | 3.83% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | $0.108 | 2.26% |
| 4 | Sep 15, 2020 | Sep 15, 2020 | Sep 15, 2020 | $0.106 | 2.01% |
| 5 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | $0.119 | 2.42% |
FAQ
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