Shineco, Inc. (TYHT): We’ve Only Just Begun

Shineco, Inc., which has current market capitalization of above $14 Million, published its last quarter earnings on March 31, 2019.

TYHT surged by $0.01 during the normal trading session on Tuesday and reaching a high of $0.69 during the day while it closed the day at $0.62. The Shineco, stock had a low trading volume of 0.25 million shares on that day, which is low compared to the average daily volume of 148.65M shares. TYHT has also lost 16.81% of its value over the past 7 days. However, the stock has declined by 36.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.43% while it has added 6.03% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -41.43% from its 3 months high price. However, taking another look at TYHT will indicate that it is trading +2.19% away from its 90-day low. Looking at the bigger picture, the Shineco, Inc. stock has dropped by -62.95% from its 52-week high while it has surged by +43.02% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 5.32%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 5.32%. Over the past 20 days, Shineco,’s Stochastic %K stood at 15.3% while its Stochastic %D was revealed to be 18.38%.