YaSheng Group Stock Forecast

Stronger technical forecast for YaSheng Group stock price after Friday trading.
(Updated on May 31, 2024)

HERB Signals & Forecast

The YaSheng Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.111 and $0.0868. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 124.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 YaSheng Group stock

YaSheng Group finds support from accumulated volume at $0.110 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0045 between high and low, or 4.09%. For the last week the stock has had daily average volatility of 1.13%.

The YaSheng Group stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $0.111 (-2.96%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 72 days ago.)

Trading Expectations (HERB) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect YaSheng Group to open at $0.113, and during the day (based on 14 day Average True Range), to move between $0.103 and $0.126, which gives a possible trading interval of +/-$0.0112 (+/-9.80%) up or down from last closing price. If YaSheng Group takes out the full calculated possible swing range there will be an estimated 19.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.110, some $0.0045 (3.93%) from the current price of $0.115, our system finds the risk reward attractive.

Is YaSheng Group stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for YaSheng Group stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.563 Strong Buy Candidate Upgraded

Predicted Opening Price for YaSheng Group of Monday, June 3, 2024

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