Zhang Jia Jie Tourism Group Co Ltd Stock Forecast
Zhang Jia Jie Tourism Group Co Ltd stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
No changes to the price of Zhang Jia Jie Tourism Group Co Ltd stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 5.38% from a day low at ¥5.95 to a day high of ¥6.27. The price has fallen in 5 of the last 10 days but is still up by 5.56% over the past 2 weeks.
The stock lies in the lower part of a very 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 ¥5.97 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 19.78% during the next 3 months and, with a 90% probability hold a price between ¥7.15 and ¥9.16 at the end of this 3-month period.
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000430.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Zhang Jia Jie Tourism Group Co Ltd 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 ¥6.16 and ¥6.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -16.71%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Zhang Jia Jie Tourism Group Co Ltd stock
Zhang Jia Jie Tourism Group Co Ltd finds support from accumulated volume at ¥6.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.320 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000430.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Zhang Jia Jie Tourism Group Co Ltd to open at ¥6.10, and during the day (based on 14 day Average True Range), to move between ¥5.51 and ¥6.65, which gives a possible trading interval of +/-¥0.572 (+/-9.41%) up or down from last closing price. If Zhang Jia Jie Tourism Group Co Ltd takes out the full calculated possible swing range there will be an estimated 18.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.06 (0.33%) than the resistance at ¥6.57 (8.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Zhang Jia Jie Tourism Group Co Ltd will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Zhang Jia Jie Tourism Group Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.33% in the first trading day after earnings release.
Is Zhang Jia Jie Tourism Group Co Ltd stock A Buy?
The Zhang Jia Jie Tourism Group Co Ltd stock holds several negative signals and despite the positive trend, we believe Zhang Jia Jie Tourism Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.134 Sell Candidate Upgraded
Predicted Opening Price for Zhang Jia Jie Tourism Group Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥6.10 ( 0.329%) | ¥6.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000430.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.42 | 5.59 % | |
| R2 | 6.30 | 3.58 % | ||
| R1 | 6.22 | 2.34 % | ||
| Current price: | 6.08 | |||
| Support | S1 | 5.98 | -1.68 % | |
| S2 | 5.90 | -2.92 % | ||
| S3 | 5.78 | -4.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.86 | 12.83 % | |
| R2 | 6.67 | 9.70 % | ||
| R1 | 6.57 | 8.06 % | ||
| Current price | 6.08 | |||
| Support | S1 | 6.06 | -0.329% | |
| S2 | 5.95 | -2.14% | ||
| S3 | 5.59 | -8.06% |
000430 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2017 | May 24, 2017 | May 24, 2017 | ¥0.0840 | 0.86% |
| 2 | Jun 23, 2003 | Jun 23, 2003 | Jun 23, 2003 | ¥0.0168 | 0.362% |
FAQ
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