China Pharma Holdings, Inc Stock Forecast
China Pharma Holdings, Inc stock price up 3.71% on Thursday
(Updated on May 02, 2024)
The China Pharma Holdings, Inc stock price gained 3.71% on the last trading day (Thursday, 2nd May 2024), rising from $0.293 to $0.303. During the last trading day the stock fluctuated 6.43% from a day low at $0.293 to a day high of $0.311. The price has fallen in 6 of the last 10 days and is down by -7.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 95 thousand more shares were traded than the day before. In total, 174 thousand shares were bought and sold for approximately $52.72 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.279 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 129.99% during the next 3 months and, with a 90% probability hold a price between $0.642 and $1.27 at the end of this 3-month period.
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CPHI Signals & Forecast
China Pharma Holdings, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Pharma 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 $0.307 and $0.348. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -28.60%. 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).
Support, Risk & Stop-loss for China Pharma Holdings, Inc stock
China Pharma Holdings, Inc finds support from accumulated volume at $0.302 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 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 $0.0188 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 9.18%.
China Pharma Holdings, Inc is oversold on RSI14 (24). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPHI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect China Pharma Holdings, Inc to open at $0.302, and during the day (based on 14 day Average True Range), to move between $0.267 and $0.340, which gives a possible trading interval of +/-$0.0363 (+/-11.97%) up or down from last closing price. If China Pharma Holdings, Inc takes out the full calculated possible swing range there will be an estimated 23.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.302 (0.38%) than the resistance at $0.315 (3.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
China Pharma Holdings, Inc will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for China Pharma Holdings, Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.14% in the first trading day after earnings release.
Is China Pharma Holdings, Inc stock A Buy?
The China Pharma Holdings, Inc stock holds several negative signals and despite the positive trend, we believe China Pharma Holdings, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.471 Sell Candidate Unchanged
Predicted Opening Price for China Pharma Holdings, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.302 ( 0.319%) | $0.303 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.321 | 5.88 % | |
| R2 | 0.314 | 3.51 % | ||
| R1 | 0.310 | 2.05 % | ||
| Current price: | 0.303 | |||
| Support | S1 | 0.295 | -2.69 % | |
| S2 | 0.291 | -4.15 % | ||
| S3 | 0.284 | -6.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.336 | 10.79 % | |
| R2 | 0.332 | 9.51 % | ||
| R1 | 0.315 | 3.81 % | ||
| Current price | 0.303 | |||
| Support | S1 | 0.302 | -0.379% | |
| S2 | 0.293 | -3.58% | ||
| S3 | 0 | . |
FAQ
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