CNinsure Inc Stock Forecast
Stronger technical forecast for CNinsure Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The CNinsure Inc stock price fell by -2.85% on the last day (Thursday, 18th Apr 2024) from $3.51 to $3.41. During the last trading day the stock fluctuated 3.37% from a day low at $3.41 to a day high of $3.53. The price has fallen in 6 of the last 10 days and is down by -22.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately $13.95 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.83% during the next 3 months and, with a 90% probability hold a price between $2.19 and $3.06 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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FANH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.89%. 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 CNinsure 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 $3.76 and $4.49. 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 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.
Support, Risk & Stop-loss for CNinsure Inc stock
CNinsure Inc finds support from accumulated volume at $3.38 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.115 between high and low, or 3.37%. For the last week the stock has had daily average volatility of 11.59%.
CNinsure Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FANH) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CNinsure Inc to open at $3.45, and during the day (based on 14 day Average True Range), to move between $3.03 and $3.79, which gives a possible trading interval of +/-$0.381 (+/-11.19%) up or down from last closing price. If CNinsure Inc takes out the full calculated possible swing range there will be an estimated 22.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.38 (0.88%) than the resistance at $3.70 (8.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CNinsure Inc stock A Buy?
CNinsure 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.852 Sell Candidate Upgraded
Predicted Opening Price for CNinsure Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.45 ( 1.12%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FANH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.56 | 4.50 % | |
| R2 | 3.52 | 3.21 % | ||
| R1 | 3.49 | 2.41 % | ||
| Current price: | 3.41 | |||
| Support | S1 | 3.40 | -0.164 % | |
| S2 | 3.38 | -0.96 % | ||
| S3 | 3.33 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 23.17 % | |
| R2 | 4.14 | 21.41 % | ||
| R1 | 3.70 | 8.50 % | ||
| Current price | 3.41 | |||
| Support | S1 | 3.38 | -0.88% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FANH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2022 | Apr 11, 2022 | Apr 26, 2022 | $0.150 | 2.44% |
| 2 | Nov 24, 2021 | Dec 07, 2021 | Dec 22, 2021 | $0.150 | 2.04% |
| 3 | Aug 23, 2021 | Sep 10, 2021 | Sep 23, 2021 | $0.150 | 1.24% |
| 4 | Aug 23, 2021 | Sep 03, 2021 | Sep 23, 2021 | $0.150 | 1.24% |
| 5 | May 27, 2021 | Jun 10, 2021 | Jun 25, 2021 | $0.150 | 0.98% |
FAQ
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