Zhongyuan Environment-Protection Co Ltd Stock Forecast
Zhongyuan Environment-Protection Co Ltd stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Apr 15, 2024)
The Zhongyuan Environment-Protection Co Ltd stock price fell by -1.68% on the last day (Monday, 15th Apr 2024) from ¥7.13 to ¥7.01. During the last trading day the stock fluctuated 4.63% from a day low at ¥6.91 to a day high of ¥7.23. The price has fallen in 6 of the last 10 days and is down by -3.97% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately ¥78.74 million.
The stock lies in the middle of a 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 11.15% during the next 3 months and, with a 90% probability hold a price between ¥7.27 and ¥8.42 at the end of this 3-month period.
000544.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Zhongyuan Environment-Protection Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥7.21 and ¥7.13. 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 29, 2024, and so far it has fallen -6.03%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Zhongyuan Environment-Protection Co Ltd stock
Zhongyuan Environment-Protection Co Ltd finds support from accumulated volume at ¥6.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.320 between high and low, or 4.63%. For the last week the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000544.SZ) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Zhongyuan Environment-Protection Co Ltd to open at ¥7.05, and during the day (based on 14 day Average True Range), to move between ¥6.78 and ¥7.24, which gives a possible trading interval of +/-¥0.227 (+/-3.24%) up or down from last closing price. If Zhongyuan Environment-Protection Co Ltd takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.95 (0.86%) than the resistance at ¥7.30 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhongyuan Environment-Protection Co Ltd stock A Buy?
The Zhongyuan Environment-Protection Co Ltd stock holds several negative signals and despite the positive trend, we believe Zhongyuan Environment-Protection Co Ltd 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 Sell to a Strong Sell candidate.
Current score: -5.260 Strong Sell Candidate Downgraded
Predicted Opening Price for Zhongyuan Environment-Protection Co Ltd of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| ¥7.05 ( 0.571%) | ¥7.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000544.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.37 | 5.14 % | |
| R2 | 7.25 | 3.39 % | ||
| R1 | 7.17 | 2.31 % | ||
| Current price: | 7.01 | |||
| Support | S1 | 6.93 | -1.17 % | |
| S2 | 6.85 | -2.25 % | ||
| S3 | 6.73 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.35 | 4.85 % | |
| R2 | 7.31 | 4.28 % | ||
| R1 | 7.30 | 4.14 % | ||
| Current price | 7.01 | |||
| Support | S1 | 6.95 | -0.86% | |
| S2 | 6.89 | -1.71% | ||
| S3 | 5.96 | -14.98% |
000544 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.150 | 2.16% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.250 | 4.34% |
| 3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.250 | 3.91% |
| 4 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.250 | 3.73% |
| 5 | Jun 18, 2019 | Jun 18, 2019 | Jun 18, 2019 | ¥0.250 | 4.44% |
FAQ
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