China Pharma Holdings, Inc Stock Forecast
Big movements in China Pharma Holdings, Inc stock price on Wednesday moving 35.72% between high and low
(Updated on Apr 24, 2024)
The China Pharma Holdings, Inc stock price fell by -0.756% on the last day (Wednesday, 24th Apr 2024) from $0.317 to $0.315. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 35.72% from a day low at $0.271 to a day high of $0.368. The price has fallen in 8 of the last 10 days and is down by -11.32% for this period. Volume has increased on the last day by 867 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $344.31 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.280 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 225.15% during the next 3 months and, with a 90% probability hold a price between $0.91 and $1.75 at the end of this 3-month period.
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CPHI Signals & Forecast
There are few to no technical positive signals at the moment. The China Pharma Holdings, 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 $0.323 and $0.357. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -25.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). China Pharma Holdings, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for China Pharma Holdings, Inc stock
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.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0968 between high and low, or 35.72%. For the last week, the stock has had daily average volatility of 15.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPHI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect China Pharma Holdings, Inc to open at $0.318, and during the day (based on 14 day Average True Range), to move between $0.274 and $0.356, which gives a possible trading interval of +/-$0.0409 (+/-12.99%) up or down from last closing price. If China Pharma Holdings, Inc takes out the full calculated possible swing range there will be an estimated 25.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.332, some $0.0173 (5.49%) from the current price of $0.315, our system finds the risk reward not very attractive.
Is China Pharma Holdings, Inc stock A Buy?
The China Pharma Holdings, Inc stock holds several negative signals and despite the positive trend, we believe China Pharma Holdings, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.613 Sell Candidate Downgraded
Predicted Opening Price for China Pharma Holdings, Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.318 ( 0.93%) | $0.315 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.415 | 31.66 % | |
| R2 | 0.378 | 19.92 % | ||
| R1 | 0.355 | 12.67 % | ||
| Current price: | 0.315 | |||
| Support | S1 | 0.281 | -10.81 % | |
| S2 | 0.258 | -18.06 % | ||
| S3 | 0.221 | -29.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.390 | 23.84 % | |
| R2 | 0.336 | 6.73 % | ||
| R1 | 0.332 | 5.49 % | ||
| Current price | 0.315 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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