Zhongxing Shenyang Comrcl Bldg Gp Co Ltd Stock Forecast
Zhongxing Shenyang Comrcl Bldg Gp Co Ltd stock price ended at ¥6.24 on Tuesday, after losing 0.478%.
(Updated on May 07, 2024)
The Zhongxing Shenyang Comrcl Bldg Gp Co Ltd stock price fell by -0.478% on the last day (Tuesday, 7th May 2024) from ¥6.27 to ¥6.24. During the last trading day the stock fluctuated 2.11% from a day low at ¥6.17 to a day high of ¥6.30. The price has fallen in 6 of the last 10 days and is down by -1.11% for this period. 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 -4 million shares and in total, 10 million shares were bought and sold for approximately ¥64.95 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥5.85 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 8.03% during the next 3 months and, with a 90% probability hold a price between ¥6.32 and ¥9.27 at the end of this 3-month period.
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000715.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.77%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhongxing Shenyang Comrcl Bldg Gp Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥6.90. On a fall, the stock will find some support from the short-term average at ¥6.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Zhongxing Shenyang Comrcl Bldg Gp Co Ltd stock
Zhongxing Shenyang Comrcl Bldg Gp Co Ltd finds support from accumulated volume at ¥6.09 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 ¥0.130 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 5.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000715.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Zhongxing Shenyang Comrcl Bldg Gp Co Ltd to open at ¥6.24, and during the day (based on 14 day Average True Range), to move between ¥5.65 and ¥6.83, which gives a possible trading interval of +/-¥0.590 (+/-9.45%) up or down from last closing price. If Zhongxing Shenyang Comrcl Bldg Gp Co Ltd takes out the full calculated possible swing range there will be an estimated 18.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.09 (2.40%) than the resistance at ¥6.44 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhongxing Shenyang Comrcl Bldg Gp Co Ltd stock A Buy?
Zhongxing Shenyang Comrcl Bldg Gp Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.025 Sell Candidate Unchanged
Predicted Opening Price for Zhongxing Shenyang Comrcl Bldg Gp Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥6.24 ( 0.0534%) | ¥6.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000715.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.37 | 2.03 % | |
| R2 | 6.32 | 1.23 % | ||
| R1 | 6.29 | 0.742 % | ||
| Current price: | 6.24 | |||
| Support | S1 | 6.19 | -0.85 % | |
| S2 | 6.16 | -1.34 % | ||
| S3 | 6.11 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.58 | 21.47 % | |
| R2 | 7.46 | 19.55 % | ||
| R1 | 6.44 | 3.21 % | ||
| Current price | 6.24 | |||
| Support | S1 | 6.09 | -2.40% | |
| S2 | 5.87 | -5.93% | ||
| S3 | 5.37 | -13.94% |
000715 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.0500 | 0.83% |
| 2 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.0500 | 1.07% |
| 3 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | ¥0.0800 | 1.30% |
| 4 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | ¥0.0537 | 0.87% |
| 5 | Aug 13, 2018 | Aug 13, 2018 | Aug 13, 2018 | ¥0.0537 | 1.30% |
FAQ
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