DaShenLin Pharmaceutical Group Co., Ltd. Stock Forecast
DaShenLin Pharmaceutical Group Co., Ltd. stock downgraded to Strong Sell Candidate
(Updated on Jun 28, 2024)
The DaShenLin Pharmaceutical Group Co., Ltd. stock price fell by -2.85% on the last day (Friday, 28th Jun 2024) from $14.72 to $14.30. During the last trading day the stock fluctuated 3.78% from a day low at $14.28 to a day high of $14.82. The price has fallen in 8 of the last 10 days and is down by -17.48% 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, 13 million shares were bought and sold for approximately $180.61 million.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($15.18) are considered to be a "second chance" to get out. According to the fan-theory $10.60 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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603233.SS Signals & Forecast
There are few to no technical positive signals at the moment. The DaShenLin Pharmaceutical Group 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 $15.00 and $19.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -37.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 DaShenLin Pharmaceutical Group Co., Ltd. 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 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 $0.540 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 3.57%.
DaShenLin Pharmaceutical Group Co., Ltd. is oversold on RSI14 (6). 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 (603233.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect DaShenLin Pharmaceutical Group Co., Ltd. to open at $14.47, and during the day (based on 14 day Average True Range), to move between $13.68 and $14.92, which gives a possible trading interval of +/-$0.621 (+/-4.34%) up or down from last closing price. If DaShenLin Pharmaceutical Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $16.75, some $2.45 (17.13%) from the current price of $14.30, our system finds the risk reward not very attractive.
Is DaShenLin Pharmaceutical Group Co., Ltd. stock A Buy?
DaShenLin Pharmaceutical Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.968 Strong Sell Candidate Downgraded
Predicted Opening Price for DaShenLin Pharmaceutical Group Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $14.47 ( 1.17%) | $14.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603233.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.01 | 4.94% |
| R2 | 14.80 | 3.50% |
| R1 | 14.67 | 2.61% |
| Price | 14.30 | |
| S1 | 14.26 | -0.277% |
| S2 | 14.13 | -1.17% |
| S3 | 13.93 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.80 | 24.48% |
| R2 | 17.33 | 21.19% |
| R1 | 16.75 | 17.13% |
| Price | 14.30 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
603233 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.310 | 2.01% |
| 2 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | $0.600 | 2.24% |
| 3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | $0.500 | 2.11% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | $0.556 | 1.41% |
| 5 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | $0.417 | 0.94% |
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