Beihai Gofar Chuanshan Biological Co., Stock Forecast
Red day on Thursday for Beihai Gofar Chuanshan Biological Co., stock after losing 0.487%
(Updated on Jul 04, 2024)
The Beihai Gofar Chuanshan Biological Co., stock price fell by -0.487% on the last day (Thursday, 4th Jul 2024) from $4.11 to $4.09. During the last trading day the stock fluctuated 1.98% from a day low at $4.05 to a day high of $4.13. The price has fallen in 5 of the last 10 days but is still up by 3.28% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -302 thousand shares and in total, 2 million shares were bought and sold for approximately $9.54 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.65% during the next 3 months and, with a 90% probability hold a price between $3.04 and $3.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600538.SS Signals & Forecast
There are mixed signals in the stock today. The Beihai Gofar Chuanshan Biological Co., 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 $4.11 and $4.31. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.28%. 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).
Support, Risk & Stop-loss for Beihai Gofar Chuanshan Biological Co., stock
Beihai Gofar Chuanshan Biological Co., finds support from accumulated volume at $4.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0800 (1.98%) between high and low. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: $3.90 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (600538.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Beihai Gofar Chuanshan Biological Co., Ltd. to open at $4.09, and during the day (based on 14 day Average True Range), to move between $3.95 and $4.23, which gives a possible trading interval of +/-$0.143 (+/-3.51%) up or down from last closing price. If Beihai Gofar Chuanshan Biological Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.06 (0.73%) than the resistance at $4.65 (13.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beihai Gofar Chuanshan Biological Co., Ltd. stock A Buy?
Beihai Gofar Chuanshan Biological Co., holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.011 Hold/Accumulate Unchanged
Predicted Opening Price for Beihai Gofar Chuanshan Biological Co., Ltd. of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$4.09 ( 0%) | $4.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600538.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.17 | 1.96% |
R2 | 4.14 | 1.21% |
R1 | 4.12 | 0.747% |
Price | 4.09 | |
S1 | 4.06 | -0.747% |
S2 | 4.04 | -1.21% |
S3 | 4.01 | -1.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.03 | 22.98% |
R2 | 4.69 | 14.67% |
R1 | 4.65 | 13.69% |
Price | 4.09 | |
S1 | 4.06 | -0.733% |
S2 | 4.03 | -1.47% |
S3 | 3.96 | -3.18% |
600538 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 09, 2003 | Jul 09, 2003 | Jul 09, 2003 | $0.0397 | 0.99% |
FAQ
Click here for our free guide on how to buy Beihai Gofar Chuanshan Biological Co., Ltd. Stock.