Maider Medical Industry Equipment Co. Stock Forecast
Stronger technical forecast for Maider Medical Industry Equipment Co. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Maider Medical Industry Equipment Co. stock price gained 3.90% on the last trading day (Wednesday, 26th Jun 2024), rising from $13.34 to $13.86. During the last trading day the stock fluctuated 6.40% from a day low at $13.12 to a day high of $13.96. The price has fallen in 6 of the last 10 days and is down by -9.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 229 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $18.02 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.18 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.21% during the next 3 months and, with a 90% probability hold a price between $9.46 and $17.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
688310.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 3.90%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Maider Medical Industry Equipment 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 $14.23 and $22.07. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Maider Medical Industry Equipment Co. stock
Maider Medical Industry Equipment Co. finds support from accumulated volume at $13.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.84 between high and low, or 6.40%. For the last week, the stock has had daily average volatility of 5.32%.
Maider Medical Industry Equipment Co. is oversold on RSI14 (9). 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 (688310.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Maider Medical Industry Equipment Co. Ltd. to open at $13.65, and during the day (based on 14 day Average True Range), to move between $12.71 and $15.01, which gives a possible trading interval of +/-$1.15 (+/-8.33%) up or down from last closing price. If Maider Medical Industry Equipment Co. Ltd. takes out the full calculated possible swing range there will be an estimated 16.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.47 (2.81%) than the resistance at $14.61 (5.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maider Medical Industry Equipment Co. Ltd. stock A Buy?
Maider Medical Industry Equipment Co. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.634 Sell Candidate Upgraded
Predicted Opening Price for Maider Medical Industry Equipment Co. Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $13.65 ( 1.54%) | $13.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688310.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.49 | 4.52% |
| R2 | 14.17 | 2.21% |
| R1 | 13.97 | 0.776% |
| Price | 13.86 | |
| S1 | 13.33 | -3.85% |
| S2 | 13.13 | -5.28% |
| S3 | 12.81 | -7.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.95 | 7.86% |
| R2 | 14.79 | 6.71% |
| R1 | 14.61 | 5.41% |
| Price | 13.86 | |
| S1 | 13.47 | -2.81% |
| S2 | 13.34 | -3.75% |
| S3 | 0 | - |
688310 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 12, 2024 | $0.500 | 3.25% |
| 2 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | $0.480 | 2.15% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | $0.380 | 3.14% |
| 4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | $0.500 | 3.23% |
| 5 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | $0.350 | 1.87% |
FAQ
Click here for our free guide on how to buy Maider Medical Industry Equipment Co. Ltd. Stock.
