CBPO Forecast and Technical Stock Analysis
Buy candidate since 2019-08-15 Gain 1.76%
China Biologic Products gained 1.76% in the last trading day ( Friday, 16th Aug 2019 ), rising from $97.08 to $98.79 , and has now gained 3 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 day the stock fluctuated 2.20% from a day low at $96.84 to a day high of $98.97. The price has fallen in 6 of the last 10 days , but is still up by 3.1% over the past 2 weeks. Volume fell in the last day by -64 034 shares and in total, 106 694 shares bought and sold for approximately $10.54 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 $99.28 and low was $92.22.
- 90 day high was $99.28 and low was $88.00.
- 52 week high for China Biologic Products - $105.50 and low - $60.08.
China Biologic Products lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $99.36 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.37% during the next 3 months and, with 90% probability hold a price between $100.94 and $106.68 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. In addition, 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 $96.63 and $95.20. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 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 it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
China Biologic Products finds support from accumulated volume at $94.54.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.14 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $94.94 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.35 %Average volatility
Very Low Low Medium High Very High
China Biologic Products holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|CBPO $98.79 ($1.71 1.76%)|
CBPO is up $1.71 today, but where's it headed in 2019?
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