China SXT Pharmaceuticals Inc (SXTC)

[boston127]

I do like the volume today. Some analysis

from the smart people.

The China Sxt Pharmaceuticals Inc. stock price gained 6.05% on the last trading day (Wednesday, 10th May 2023), rising from $0.221 to $0.235. During the last trading day the stock fluctuated 24.39% from a day low at $0.225 to a day high of $0.280. The price has fallen in 5 of the last 10 days but is still up by 19.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $594.62 thousand.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). China Sxt Pharmaceuticals Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Sxt Pharmaceuticals Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.244. On a fall, the stock will find some support from the short-term average at $0.220. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 01, 2023, and so far it has fallen -19.03%. Further fall is indicated until a new bottom pivot has been found.