Anhui Zhongding Sealing Parts Co., Ltd. Stock Forecast
Anhui Zhongding Sealing Parts Co., Ltd. stock price ended at ¥13.15 on Tuesday, after gaining 0.535%.
(Updated on Apr 30, 2024)
The Anhui Zhongding Sealing Parts Co., Ltd. stock price gained 0.535% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥13.08 to ¥13.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.70% from a day low at ¥12.76 to a day high of ¥13.36. The price has risen in 8 of the last 10 days and is up by 6.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately ¥376.70 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 27.83% during the next 3 months and, with a 90% probability hold a price between ¥14.84 and ¥17.41 at the end of this 3-month period.
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000887.SZ Signals & Forecast
Mostly positive signals in the chart today. The Anhui Zhongding Sealing Parts Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥12.92 and ¥11.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 17.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Anhui Zhongding Sealing Parts Co., Ltd. stock
Anhui Zhongding Sealing Parts Co., Ltd. finds support from accumulated volume at ¥12.52 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 ¥0.600 between high and low, or 4.70%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: ¥12.52 (-4.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (000887.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Anhui Zhongding Sealing Parts Co., Ltd. to open at ¥13.09, and during the day (based on 14 day Average True Range), to move between ¥12.61 and ¥13.69, which gives a possible trading interval of +/-¥0.545 (+/-4.14%) up or down from last closing price. If Anhui Zhongding Sealing Parts Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥12.52, some ¥0.630 (4.79%) from the current price of ¥13.15, our system finds the risk reward attractive.
Is Anhui Zhongding Sealing Parts 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 Anhui Zhongding Sealing Parts Co., Ltd. stock to perform well in the short-term.
Current score: 4.570 Buy Candidate Unchanged
Predicted Opening Price for Anhui Zhongding Sealing Parts Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥13.09 ( 0.456%) | ¥13.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000887.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.69 | 4.11 % | |
| R2 | 13.46 | 2.36 % | ||
| R1 | 13.32 | 1.29 % | ||
| Current price: | 13.15 | |||
| Support | S1 | 12.86 | -2.20 % | |
| S2 | 12.72 | -3.28 % | ||
| S3 | 12.49 | -5.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 13.15 | |||
| Support | S1 | 12.52 | -4.79% | |
| S2 | 12.14 | -7.68% | ||
| S3 | 11.90 | -9.51% |
000887 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ¥0.200 | 1.55% |
| 2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.200 | 1.04% |
| 3 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | ¥0.200 | 1.85% |
| 4 | Jul 29, 2020 | Jul 29, 2020 | Jul 29, 2020 | ¥0.200 | 2.25% |
| 5 | May 31, 2019 | May 31, 2019 | May 31, 2019 | ¥0.200 | 2.09% |
FAQ
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