Zhang Jia Jie Tourism Group Co Ltd Stock Forecast
Green day on Friday for Zhang Jia Jie Tourism Group Co Ltd stock after gaining 0.92%
(Updated on May 31, 2024)
The Zhang Jia Jie Tourism Group Co Ltd stock price gained 0.92% on the last trading day (Friday, 31st May 2024), rising from ¥6.50 to ¥6.56. During the last trading day the stock fluctuated 2.32% from a day low at ¥6.46 to a day high of ¥6.61. The price has fallen in 5 of the last 10 days but is still up by 1.39% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 12 million shares were bought and sold for approximately ¥81.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak 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 6.66% during the next 3 months and, with a 90% probability hold a price between ¥6.37 and ¥8.05 at the end of this 3-month period.
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000430.SZ Signals & Forecast
A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.10%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Zhang Jia Jie Tourism Group Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥6.42 and ¥6.42. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 ¥6.54 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 ¥0.150 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 7.50%.
Our recommended stop-loss: ¥6.29 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (000430.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Zhang Jia Jie Tourism Group Co Ltd to open at ¥6.54, and during the day (based on 14 day Average True Range), to move between ¥6.08 and ¥7.04, which gives a possible trading interval of +/-¥0.475 (+/-7.25%) 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 14.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.57 (0.15%) than the support at ¥6.54 (0.30%), 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 Zhang Jia Jie Tourism Group Co Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.877 Buy Candidate Unchanged
Predicted Opening Price for Zhang Jia Jie Tourism Group Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥6.54 ( 0.254%) | ¥6.56 |
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 | 6.69 | 2.03 % | |
| R2 | 6.64 | 1.16 % | ||
| R1 | 6.60 | 0.619 % | ||
| Current price: | 6.56 | |||
| Support | S1 | 6.49 | -1.13 % | |
| S2 | 6.45 | -1.67 % | ||
| S3 | 6.39 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.86 | 4.57 % | |
| R2 | 6.67 | 1.68 % | ||
| R1 | 6.57 | 0.152 % | ||
| Current price | 6.56 | |||
| Support | S1 | 6.54 | -0.305% | |
| S2 | 6.47 | -1.37% | ||
| S3 | 6.06 | -7.62% |
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% |
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