Aoxin Tianli Group Forecast and Stock Analysis
Technical ABAC stock analysis for Friday June 14, 2019.
Aoxin Tianli Group fell by -1.35% in the last day ( Friday, 14th Jun 2019 ) from $0.74 to $0.73 and has now fallen 4 days in a row. During day the stock fluctuated 6.85% from a day low at $0.73 to a day high of $0.78. The price has been going up and down for this period, and there has been a -1.35% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -51 921 shares and in total 2 132 shares bought and sold for approximately $1 556.36.
Quick summary:
- 30 day high of the ABAC stock price was $1.89 and low was $0.61.
- 90 day high was $2.19 and low was $0.61.
- 52 week high for the Aoxin Tianli Group - $3.35 and low - $0.61.
Trend
Aoxin Tianli Group 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 -62.07% during the next 3 months and, with 90% probability hold a price between $0.17 and $0.37 at the end of this period.
Signals
There are few to none technical positive signals at the moment. Aoxin Tianli Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.78 and $1.12. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
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.
Risk
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.05 between high and low, or 6.85%. For the last week the stock has had a daily average volatility of 15.42%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
15.42 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
Aoxin Tianli Group 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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