ZTE/Shs A Vtg 1.00 Stock Forecast
Weaker technical forecast for ZTE/Shs A Vtg 1.00 as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The ZTE/Shs A Vtg 1.00 stock price fell by -1.56% on the last day (Thursday, 25th Apr 2024) from ¥28.24 to ¥27.80. During the last trading day the stock fluctuated 3.22% from a day low at ¥27.68 to a day high of ¥28.57. The price has been going up and down for this period, and there has been a 3.89% gain for the last 2 weeks. 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 -26 million shares and in total, 68 million shares were bought and sold for approximately ¥1.88 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.27% during the next 3 months and, with a 90% probability hold a price between ¥30.76 and ¥39.53 at the end of this 3-month period.
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000063.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZTE/Shs A Vtg 1.00 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 ¥28.10 and ¥28.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -8.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ZTE/Shs A Vtg 1.00 stock
ZTE/Shs A Vtg 1.00 finds support from accumulated volume at ¥27.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.89 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 5.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000063.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ZTE/Shs A Vtg 1.00 to open at ¥28.02, and during the day (based on 14 day Average True Range), to move between ¥26.52 and ¥29.08, which gives a possible trading interval of +/-¥1.28 (+/-4.59%) up or down from last closing price. If ZTE/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥27.45 (1.26%) than the resistance at ¥28.16 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZTE/Shs A Vtg 1.00 stock A Buy?
The ZTE/Shs A Vtg 1.00 stock holds several negative signals and despite the positive trend, we believe ZTE/Shs A Vtg 1.00 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: -4.167 Sell Candidate Downgraded
Predicted Opening Price for ZTE/Shs A Vtg 1.00 of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥28.02 ( 0.779%) | ¥27.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000063.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.91 | 3.98 % | |
| R2 | 28.57 | 2.76 % | ||
| R1 | 28.36 | 2.00 % | ||
| Current price: | 27.80 | |||
| Support | S1 | 27.68 | -0.444 % | |
| S2 | 27.47 | -1.20 % | ||
| S3 | 27.13 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.54 | 9.86 % | |
| R2 | 29.86 | 7.41 % | ||
| R1 | 28.16 | 1.29 % | ||
| Current price | 27.80 | |||
| Support | S1 | 27.45 | -1.26% | |
| S2 | 27.38 | -1.51% | ||
| S3 | 25.32 | -8.92% |
000063 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.400 | 1.29% |
| 2 | May 10, 2022 | May 10, 2022 | May 10, 2022 | ¥0.300 | 1.28% |
| 3 | Aug 20, 2021 | Aug 20, 2021 | Aug 20, 2021 | ¥0.200 | 0.565% |
| 4 | Aug 12, 2020 | Aug 12, 2020 | Aug 12, 2020 | ¥0.200 | 0.518% |
| 5 | Jul 15, 2016 | Jul 15, 2016 | Jul 15, 2016 | ¥0.250 | 1.72% |
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