Zoomlion Heavy Industry Sci & Tch Co Ltd Stock Forecast
Zoomlion Heavy Industry Sci & Tch Co Ltd stock price ended at ¥8.51 on Tuesday, after gaining 0.118%.
(Updated on Apr 30, 2024)
The Zoomlion Heavy Industry Sci & Tch Co Ltd stock price gained 0.118% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥8.50 to ¥8.51. During the last trading day the stock fluctuated 3.26% from a day low at ¥8.28 to a day high of ¥8.55. The price has fallen in 6 of the last 10 days and is down by -6.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 million more shares were traded than the day before. In total, 81 million shares were bought and sold for approximately ¥687.79 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥8.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.06% during the next 3 months and, with a 90% probability hold a price between ¥9.74 and ¥11.20 at the end of this 3-month period.
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000157.SZ Signals & Forecast
The Zoomlion Heavy Industry Sci & Tch Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥8.59. On a fall, the stock will find some support from the long-term average at approximately ¥8.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -8.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Zoomlion Heavy Industry Sci & Tch Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥8.00 and ¥7.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zoomlion Heavy Industry Sci & Tch Co Ltd finds support just below today's level at ¥8.00. If this is broken, then the next support from accumulated volume will be at ¥7.79 and ¥7.72.
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 ¥0.270 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 5.95%.
Our recommended stop-loss: ¥7.99 (-6.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (000157.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zoomlion Heavy Industry Sci & Tch Co Ltd to open at ¥8.45, and during the day (based on 14 day Average True Range), to move between ¥8.10 and ¥8.92, which gives a possible trading interval of +/-¥0.410 (+/-4.82%) up or down from last closing price. If Zoomlion Heavy Industry Sci & Tch Co Ltd takes out the full calculated possible swing range there will be an estimated 9.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.82 (3.64%) than the support at ¥8.00 (5.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zoomlion Heavy Industry Sci & Tch Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zoomlion Heavy Industry Sci & Tch Co Ltd stock to perform well in the short-term.
Current score: 3.204 Buy Candidate Unchanged
Predicted Opening Price for Zoomlion Heavy Industry Sci & Tch Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥8.45 ( 0.744%) | ¥8.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000157.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.72 | 2.43 % | |
R2 | 8.61 | 1.22 % | ||
R1 | 8.55 | 0.468 % | ||
Current price: | 8.51 | |||
Support | S1 | 8.34 | -1.96 % | |
S2 | 8.28 | -2.70 % | ||
S3 | 8.18 | -3.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.35 | 9.87 % | |
R2 | 9.12 | 7.17 % | ||
R1 | 8.82 | 3.64 % | ||
Current price | 8.51 | |||
Support | S1 | 8.00 | -5.99% | |
S2 | 7.79 | -8.46% | ||
S3 | 7.72 | -9.28% |
000157 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ¥0.320 | 4.83% |
2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.320 | 5.32% |
3 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | ¥0.320 | 3.75% |
4 | Oct 27, 2020 | Oct 27, 2020 | Oct 27, 2020 | ¥0.210 | 2.73% |
5 | Aug 05, 2019 | Aug 05, 2019 | Aug 05, 2019 | ¥0.250 | 4.50% |
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