China Health Industries Holdings, Inc Stock Forecast

China Health Industries Holdings, Inc stock price down 0% on Friday
(Updated on Jun 21, 2024)

CHHE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Health Industries Holdings, Inc 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 $0.96 and $1.03. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Health Industries Holdings, Inc stock

China Health Industries Holdings, Inc finds support from accumulated volume at $0.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.85 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (CHHE) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect China Health Industries Holdings, Inc to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.754 and $1.05, which gives a possible trading interval of +/-$0.146 (+/-16.18%) up or down from last closing price. If China Health Industries Holdings, Inc takes out the full calculated possible swing range there will be an estimated 32.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.86 (4.44%) than the resistance at $0.96 (7.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Health Industries Holdings, Inc stock A Buy?

China Health Industries Holdings, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.892 Hold/Accumulate Unchanged

Predicted Opening Price for China Health Industries Holdings, Inc of Monday, June 24, 2024

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