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Today CJJD ranks #17288 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$0.42 (-6.54%)

Volume: 731k

Closed: Dec 03, 2021

Hollow Logo Score: -7.375

China Jo-Jo Drugstores Stock Forecast

$0.42 (-6.54%)

Volume: 731k

Closed: Dec 03, 2021

Score Hollow Logo -7.375
Which way will CJJD go? Request
Key Stats
Beta 1.12
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The China Jo-Jo Drugstores stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

High volatility in China Jo-Jo Drugstores stock price on Friday which ended trading at $0.42
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-17 Loss -30.44%

The China Jo-Jo Drugstores stock price fell by -6.54% on the last day (Friday, 3rd Dec 2021) from $0.45 to $0.42. and has now fallen 7 days in a row. During the day the stock fluctuated 19.11% from a day low at $0.40 to a day high of $0.47. The price has fallen in 8 of the last 10 days and is down by -25.93% for this period. Volume has increased on the last day by 338 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, 731 thousand shares were bought and sold for approximately $306.05 thousand.

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 ($0.50) are considered to be a "second chance" to get out. According to the fan-theory $0.25 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The China Jo-Jo Drugstores 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 $0.50 and $0.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, October 26, 2021, and so far it has fallen -47.69%. 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). China Jo-Jo Drugstores gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0755 between high and low, or 19.11%. For the last week, the stock has had a daily average volatility of 12.56%.

China Jo-Jo Drugstores is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is China Jo-Jo Drugstores stock A Buy?

China Jo-Jo Drugstores 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: -7.375

Predicted Opening Price for China Jo-Jo Drugstores of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$0.43 $0.42 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 12.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.45
Price: $0.42
No Support Found

CJJD Insider Trading Show all Trades

INSIDER POWER

1.686

Last 35 transactions
Buy: 3 751 268 | Sell: 2 225 000 (Shares)
Date Action Amount Person Type
Jun 28, 2018 Sell 225 000 Liu Lei Common Stock
Mar 30, 2018 Buy 900 000 Liu Lei Common Stock
Mar 30, 2018 Buy 30 000 Zhao Ming Common Stock
Oct 11, 2016 Buy 949 000 Liu Lei Common Stock
Nov 27, 2015 Buy 210 000 Lei Li Common Stock
Show all Insider Trades
INSIDER POWER

1.686

Last 35 transactions
Buy: 3 751 268 | Sell: 2 225 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.50 20.31 %
0.47 13.42 %
0.46 9.16 %
Current price: 0.42
Support 0.40 -4.62 %
0.38 -8.88 %
0.35 -15.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.51 22.15 %
0.49 15.91 %
0.45 7.00 %
Current price 0.42
Support 0 .
0 .
0 .

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About China Jo-Jo Drugstores

China Jo-Jo Drugstores, Inc., together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People’s Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Wholesale Business, and Farming and Selling Herbs. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, tradit... Read more

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