China Sxt Pharmaceuticals Inc. Stock Forecast
Red day on Wednesday for China Sxt Pharmaceuticals Inc.
(Updated on Apr 24, 2024)
No changes to the price of China Sxt Pharmaceuticals Inc. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 7.69% from a day low at $1.04 to a day high of $1.12. The price has fallen in 5 of the last 10 days and is down by -35.15% for this period.
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 -33.47% during the next 3 months and, with a 90% probability hold a price between $0.625 and $1.03 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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SXTC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.08%. 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 Sxt Pharmaceuticals 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 $1.14 and $1.61. 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".
Support, Risk & Stop-loss for China Sxt Pharmaceuticals Inc. stock
China Sxt Pharmaceuticals Inc. finds support from accumulated volume at $1.06 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 $0.0800 between high and low, or 7.69%. For the last week the stock has had daily average volatility of 15.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SXTC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect China Sxt Pharmaceuticals Inc. to open at $1.08, and during the day (based on 14 day Average True Range), to move between $0.796 and $1.34, which gives a possible trading interval of +/-$0.274 (+/-25.60%) up or down from last closing price. If China Sxt Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 51.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.06 (0.93%) than the resistance at $1.17 (9.35%), 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 Sxt Pharmaceuticals Inc. stock A Buy?
China Sxt Pharmaceuticals 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: -5.269 Strong Sell Candidate Unchanged
Predicted Opening Price for China Sxt Pharmaceuticals Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$1.08 ( 0.623%) | $1.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXTC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.16 | 8.10 % | |
R2 | 1.13 | 5.24 % | ||
R1 | 1.11 | 3.48 % | ||
Current price: | 1.07 | |||
Support | S1 | 1.05 | -2.23 % | |
S2 | 1.03 | -4.00 % | ||
S3 | 1.00 | -6.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1.18 | 10.28 % | ||
R1 | 1.17 | 9.35 % | ||
Current price | 1.07 | |||
Support | S1 | 1.06 | -0.93% | |
S2 | 1.02 | -4.67% | ||
S3 | 0.99 | -7.48% |
FAQ
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