RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FANH
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Green day on Thursday for CNinsure Inc
(Updated on Mar 28, 2024)

Sell candidate since Mar 13, 2024 Loss -2.06% PDF

The CNinsure Inc stock price gained 3.26% on the last trading day (Thursday, 28th Mar 2024), rising from $4.60 to $4.75. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.09% from a day low at $4.64 to a day high of $4.92. The price has been going up and down for this period, and there has been a -1.25% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 8 thousand shares were bought and sold for approximately $40.17 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.27% during the next 3 months and, with a 90% probability hold a price between $2.49 and $3.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FANH Signals & Forecast

There are few to no technical positive signals at the moment. The CNinsure Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.94. On a fall, the stock will find some support from the short-term average at $4.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -15.48%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CNinsure Inc stock

CNinsure Inc finds support from accumulated volume at $4.71 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.283 between high and low, or 6.09%. For the last week the stock has had daily average volatility of 6.92%.

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

Trading Expectations (FANH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CNinsure Inc to open at $4.77, and during the day (based on 14 day Average True Range), to move between $4.36 and $5.14, which gives a possible trading interval of +/-$0.388 (+/-8.16%) up or down from last closing price. If CNinsure Inc takes out the full calculated possible swing range there will be an estimated 16.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.71 (0.84%) than the resistance at $4.85 (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CNinsure Inc stock A Buy?

CNinsure Inc 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: -3.804 Sell Candidate Unchanged

Predicted Opening Price for CNinsure Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.77 ( 0.368%) $4.75

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

Trading levels for FANH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.05 6.32 %
R2 4.94 4.04 %
R1 4.88 2.64 %
Current price: 4.75
Support S1 4.66 -1.90 %
S2 4.59 -3.31 %
S3 4.49 -5.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.62 18.32 %
R2 5.51 16.00 %
R1 4.85 2.11 %
Current price 4.75
Support S1 4.71 -0.84%
S2 4.57 -3.79%
S3 4.45 -6.32%

FANH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 29, 2022 Apr 11, 2022 Apr 26, 2022 $0.150 2.44%
2 Nov 24, 2021 Dec 07, 2021 Dec 22, 2021 $0.150 2.04%
3 Aug 23, 2021 Sep 10, 2021 Sep 23, 2021 $0.150 1.24%
4 Aug 23, 2021 Sep 03, 2021 Sep 23, 2021 $0.150 1.24%
5 May 27, 2021 Jun 10, 2021 Jun 25, 2021 $0.150 0.98%

FAQ

What is the symbol for CNinsure Inc Stock and on which exchange is it traded?
The symbol for CNinsure Inc is FANH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CNinsure Inc Stock?
CNinsure Inc 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.

How to buy CNinsure Inc Stock?
CNinsure Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CNinsure Inc Stock.

What's the current price of CNinsure Inc Stock?
As of the end of day on the 2024-03-28, the price of an CNinsure Inc (FANH) share was $4.75.

What is the 52-week high and low for CNinsure Inc Stock?
The 52-week high for CNinsure Inc Stock is $9.54 and the 52-week low is $4.24.

What is the market capitalization of CNinsure Inc Stock?
As of the 2024-03-28, the market capitalization of CNinsure Inc is 247.087M.

When is the next earnings date for CNinsure Inc?
The upcoming earnings date for CNinsure Inc is May 28, 2024.
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About CNinsure Inc

Fanhua Inc., together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individu... FANH Profile

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