China Biologic Products Forecast and Stock Analysis
Technical CBPO stock analysis for Wednesday June 19, 2019.
China Biologic Products gained 1.40% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $93.09 to $94.39 During day the stock fluctuated 3.12% from a day low at $92.35 to a day high of $95.23. The price has risen in 7 of the last 10 days and is up by 5.17% over the past 2 weeks. Volume fell in the last day by -14 393 shares, and in total, 104 338 shares bought and sold for approximately $9.85 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CBPO stock price was $95.23 and low was $88.00.
- 90 day high was $101.23 and low was $86.71.
- 52 week high for the China Biologic Products - $107.44 and low - $60.08.
China Biologic Products lies in the middle of a 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 -2.24% during the next 3 months and, with 90% probability hold a price between $86.43 and $97.23 at the end of this period.
Only positive signals in the chart today. China Biologic Products holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $92.24 and $92.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 07, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
China Biologic Products finds support from accumulated volume at $92.83.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.88 (3.12%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.
Our recommended stoploss: $90.96 (-3.63%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)
2.26 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|CBPO $94.39 ($1.30 1.40%)|
CBPO is up $1.30 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CBPO based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the CBPO analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us