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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 603696.SS
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Anji Foodstuff Co., Ltd stock price ended at $6.78 on Friday, after losing 1.02%.
(Updated on Jun 28, 2024)

Sell candidate since May 29, 2024 Loss -14.18% PDF

The Anji Foodstuff Co., Ltd stock price fell by -1.02% on the last day (Friday, 28th Jun 2024) from $6.85 to $6.78. During the last trading day the stock fluctuated 2.99% from a day low at $6.70 to a day high of $6.90. The price has fallen in 6 of the last 10 days and is down by -7.5% 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, 4 million shares were bought and sold for approximately $26.22 million.

The stock lies in the middle of a very 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 -21.69% during the next 3 months and, with a 90% probability hold a price between $4.48 and $6.12 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.

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603696.SS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.35%. 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 Anji Foodstuff 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 $6.88 and $7.71. A break-up above any of these levels will issue buy signals. 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 Anji Foodstuff Co., Ltd stock

Anji Foodstuff Co., Ltd finds support from accumulated volume at $6.69 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 $0.200 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (603696.SS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Anji Foodstuff Co., Ltd to open at $6.79, and during the day (based on 14 day Average True Range), to move between $6.52 and $7.04, which gives a possible trading interval of +/-$0.257 (+/-3.78%) up or down from last closing price. If Anji Foodstuff Co., Ltd takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.69 (1.33%) than the resistance at $7.02 (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Anji Foodstuff Co., Ltd stock A Buy?

Anji Foodstuff 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.

Current score: -4.672 Sell Candidate Unchanged

Predicted Opening Price for Anji Foodstuff Co., Ltd of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
$6.79 ( 0.197%) $6.78

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 603696.SS

Fibonacci Support & Resistance Levels

Level Price
R3 6.99 3.15%
R2 6.92 2.02%
R1 6.87 1.32%
Price 6.78
S1 6.72 -0.93%
S2 6.67 -1.63%
S3 6.59 -2.75%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.35 23.16%
R2 8.25 21.68%
R1 7.02 3.54%
Price 6.78
S1 6.69 -1.33%
S2 0 -
S3 0 -

603696 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 24, 2024 Jun 24, 2024 Jun 24, 2024 $0.0750 1.12%
2 Jun 12, 2023 Jun 12, 2023 Jun 12, 2023 $0.0500 0.534%
3 Jun 06, 2022 Jun 06, 2022 Jun 06, 2022 $0.125 1.23%
4 Jun 21, 2021 Jun 21, 2021 Jun 21, 2021 $0.250 2.40%
5 Jun 12, 2020 Jun 12, 2020 Jun 12, 2020 $0.300 2.28%

FAQ

What is the symbol for Anji Foodstuff Co., Ltd Stock and on which exchange is it traded?
The symbol for Anji Foodstuff Co., Ltd is 603696.SS and it is traded on the SHH (Shanghai Stock Exchange).

Should I buy or sell Anji Foodstuff Co., Ltd Stock?
Anji Foodstuff 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.

How to buy Anji Foodstuff Co., Ltd Stock?
Anji Foodstuff Co., Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Anji Foodstuff Co., Ltd Stock.

What's the current price of Anji Foodstuff Co., Ltd Stock?
As of the end of day on the Jun 28, 2024, the price of an Anji Foodstuff Co., Ltd (603696.SS) share was $6.78.

What is the 52-week high and low for Anji Foodstuff Co., Ltd Stock?
The 52-week high for Anji Foodstuff Co., Ltd Stock is $12.90 and the 52-week low is $5.91.

What is the market capitalization of Anji Foodstuff Co., Ltd Stock?
As of the Jun 28, 2024, the market capitalization of Anji Foodstuff Co., Ltd is 1.595B.

When is the next earnings date for Anji Foodstuff Co., Ltd?
The upcoming earnings date for Anji Foodstuff Co., Ltd is May 15, 2025.
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