China Jushi Co., Ltd. Stock Forecast
Red day on Friday for China Jushi Co., Ltd. stock after losing 0.719%
(Updated on Jun 28, 2024)
The China Jushi Co., Ltd. stock price fell by -0.719% on the last day (Friday, 28th Jun 2024) from $11.13 to $11.05. During the last trading day the stock fluctuated 2.45% from a day low at $11.02 to a day high of $11.29. The price has fallen in 6 of the last 10 days and is down by -0.72% for this period. Volume has increased on the last day by 2 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, 21 million shares were bought and sold for approximately $237.56 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.06% during the next 3 months and, with a 90% probability hold a price between $10.37 and $12.65 at the end of this 3-month period.
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600176.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.05%. Further rise is indicated until a new top pivot has been found. 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 China Jushi Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.75. On a fall, the stock will find some support from the short-term average at $10.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 China Jushi Co., Ltd. stock
China Jushi Co., Ltd. finds support from accumulated volume at $10.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.270 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600176.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect China Jushi Co., Ltd. to open at $11.12, and during the day (based on 14 day Average True Range), to move between $10.73 and $11.37, which gives a possible trading interval of +/-$0.321 (+/-2.90%) up or down from last closing price. If China Jushi Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.78 (2.44%) than the resistance at $11.38 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Jushi Co., Ltd. stock A Buy?
China Jushi Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.106 Sell Candidate Unchanged
Predicted Opening Price for China Jushi Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $11.12 ( 0.633%) | $11.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600176.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.39 | 3.08% |
| R2 | 11.29 | 2.14% |
| R1 | 11.22 | 1.57% |
| Price | 11.05 | |
| S1 | 11.02 | -0.300% |
| S2 | 10.95 | -0.88% |
| S3 | 10.85 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.16 | 10.05% |
| R2 | 11.84 | 7.15% |
| R1 | 11.38 | 2.99% |
| Price | 11.05 | |
| S1 | 10.78 | -2.44% |
| S2 | 10.76 | -2.62% |
| S3 | 10.75 | -2.71% |
600176 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 29, 2024 | $0.275 | 2.32% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | $0.521 | 3.83% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | $0.480 | 3.09% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | $0.196 | 1.30% |
| 5 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.169 | 2.17% |
FAQ
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