Guangdong Marubi Biotechnology Co., Ltd. Stock Forecast
Evaluation of Guangdong Marubi Biotechnology Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Guangdong Marubi Biotechnology Co., Ltd. stock price fell by -3.20% on the last day (Friday, 28th Jun 2024) from $28.44 to $27.53. During the last trading day the stock fluctuated 4.53% from a day low at $27.40 to a day high of $28.64. The price has fallen in 6 of the last 10 days and is down by -7.31% for this period. Volume has increased on the last day by 793 thousand 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, 2 million shares were bought and sold for approximately $52.66 million.
Given the current short-term trend, the stock is expected to rise 2.89% during the next 3 months and, with a 90% probability hold a price between $28.33 and $33.59 at the end of this 3-month period.
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603983.SS Signals & Forecast
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 Guangdong Marubi Biotechnology 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 $28.28 and $30.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -14.53%. Further fall is indicated until a new bottom pivot has been found. 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 Guangdong Marubi Biotechnology Co., Ltd. stock
Guangdong Marubi Biotechnology Co., Ltd. finds support from accumulated volume at $27.49 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 $1.24 (4.53%) between high and low. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603983.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Marubi Biotechnology Co., Ltd. to open at $27.86, and during the day (based on 14 day Average True Range), to move between $26.64 and $28.42, which gives a possible trading interval of +/-$0.89 (+/-3.25%) up or down from last closing price. If Guangdong Marubi Biotechnology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.49 (0.15%) than the resistance at $29.88 (8.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Marubi Biotechnology Co., Ltd. stock A Buy?
The Guangdong Marubi Biotechnology Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Guangdong Marubi Biotechnology Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -2.355 Sell Candidate Downgraded
Predicted Opening Price for Guangdong Marubi Biotechnology Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$27.86 ( 1.19%) | $27.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603983.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.10 | 5.69% |
R2 | 28.62 | 3.97% |
R1 | 28.33 | 2.91% |
Price | 27.53 | |
S1 | 27.38 | -0.534% |
S2 | 27.09 | -1.60% |
S3 | 26.62 | -3.32% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.21 | 17.00% |
R2 | 31.83 | 15.62% |
R1 | 29.88 | 8.54% |
Price | 27.53 | |
S1 | 27.49 | -0.145% |
S2 | 27.06 | -1.71% |
S3 | 0 | - |
603983 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | $0.520 | 1.73% |
2 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | $0.250 | 0.88% |
3 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | $0.190 | 0.776% |
4 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | $0.350 | 0.747% |
5 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | $0.390 | 0.465% |
FAQ
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