ZJBC Information Technology Co Ltd Stock Forecast
Volatile ride for ZJBC Information Technology Co Ltd stock price on Tuesday moving between ¥1.24 and ¥1.38
(Updated on Apr 30, 2024)
The ZJBC Information Technology Co Ltd stock price gained 5.34% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥1.31 to ¥1.38. During the last trading day the stock fluctuated 11.29% from a day low at ¥1.24 to a day high of ¥1.38. The price has fallen in 6 of the last 10 days and is down by -6.76% for this period. Volume fell on the last day by -17 million shares and in total, 1 million shares were bought and sold for approximately ¥1.63 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.45% during the next 3 months and, with a 90% probability hold a price between ¥1.01 and ¥1.46 at the end of this 3-month period.
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000889.SZ Signals & Forecast
There are mixed signals in the stock today. The ZJBC Information Technology 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 ¥1.58. On a fall, the stock will find some support from the short-term average at ¥1.30. 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). A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 14.05%. Further rise is indicated until a new top pivot has been found. 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 ZJBC Information Technology Co Ltd stock
ZJBC Information Technology Co Ltd finds support from accumulated volume at ¥1.34 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.140 between high and low, or 11.29%. For the last week, the stock has had daily average volatility of 7.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000889.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ZJBC Information Technology Co Ltd to open at ¥1.33, and during the day (based on 14 day Average True Range), to move between ¥1.26 and ¥1.50, which gives a possible trading interval of +/-¥0.120 (+/-8.72%) up or down from last closing price. If ZJBC Information Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 17.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.34 (2.90%) than the resistance at ¥1.69 (22.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZJBC Information Technology Co Ltd stock A Buy?
ZJBC Information Technology 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: -2.987 Sell Candidate Unchanged
Predicted Opening Price for ZJBC Information Technology Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥1.33 ( 3.38%) | ¥1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000889.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.47 | 6.76 % | |
| R2 | 1.42 | 2.89 % | ||
| R1 | 1.39 | 0.494 % | ||
| Current price: | 1.38 | |||
| Support | S1 | 1.28 | -7.26 % | |
| S2 | 1.25 | -9.65 % | ||
| S3 | 1.19 | -13.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.71 | 23.91 % | |
| R2 | 1.70 | 23.19 % | ||
| R1 | 1.69 | 22.46 % | ||
| Current price | 1.38 | |||
| Support | S1 | 1.34 | -2.90% | |
| S2 | 1.27 | -7.97% | ||
| S3 | 1.25 | -9.42% |
000889 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.0271 | 0.373% |
| 2 | Aug 14, 2018 | Aug 14, 2018 | Aug 14, 2018 | ¥0.0264 | 0.286% |
| 3 | Jul 28, 2017 | Jul 28, 2017 | Jul 28, 2017 | ¥0.0257 | 0.217% |
| 4 | Aug 18, 2016 | Aug 18, 2016 | Aug 18, 2016 | ¥0.0179 | 0.210% |
| 5 | Aug 20, 2015 | Aug 20, 2015 | Aug 20, 2015 | ¥0.0114 | 0.116% |
FAQ
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