Today TYHT ranks # as SELL CANDIDATE.
Today TYHT ranks # as SELL CANDIDATE.

TYHT stock Shineco Inc

TYHT stock
Shineco Inc

Tue 15'th Jan 2019

PERIOD 2018-10-16 - 2019-01-15
CHANGE -0.85%
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
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Shineco Inc Stock Analysis

Technical stock analysis for Tue 15'th Jan 2019

Sell candidate since 2019-01-07 Loss -0.19%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.10
ROA 9.14

Shineco Inc fell by -0.85% in the last day from $0.59 to $0.59 The price has fallen in 5 of the last 10 days , but is still up by 0.86% over the past 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 -22 947 shares and in total 19 033 shares bought and sold for approximately $11 134.30.

Close price at the end of the last trading day (Tuesday, 15th Jan 2019) of the TYHT stock was $0.59. This is 0.85% less than the trading day before Monday, 14th Jan 2019.

During day the stock fluctuated 1.71% from a day low at $0.58 to a day high of $0.59.

30 day high of the TYHT stock price was $0.64 and low was $0.50.
90 day high was $1.02 and low was $0.50.
52 week high for the Shineco Inc - $2.50 and low - $0.50.

Trend

Shineco Inc 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 -26.39% during the next 3 months and, with 90% probability hold a price between $0.34 and $0.59 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. Shineco Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.61. On a fall, the stock will find some support from the short-term average at $0.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday January 14, 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.

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A buy signal from a double bottom formation was found on Wednesday January 09, 2019 and based on theory for this formation the price should go up by 0.05% to $0.63 within 6 trading days since signal was issued (Thursday January 17, 2019).

Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Shineco Inc finds support from accumulated volume at $0.58.

Support: $0.58 Price: $0.59 Resistance: $0.61

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 $0.01 between high and low, or 1.71%. For the last week the stock has had a daily average volatility of 4.07%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Today TYHT ranks # as SELL CANDIDATE.
Today TYHT ranks # as SELL CANDIDATE.