Zhejiang Qianjiang Motorcycle Co Ltd Stock Forecast
Zhejiang Qianjiang Motorcycle Co Ltd stock price ended at ¥20.81 on Friday, after losing 1.75%.
(Updated on May 17, 2024)
The Zhejiang Qianjiang Motorcycle Co Ltd stock price fell by -1.75% on the last day (Friday, 17th May 2024) from ¥21.18 to ¥20.81. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.98% from a day low at ¥20.50 to a day high of ¥21.93. The price has risen in 6 of the last 10 days and is up by 20.71% over the past 2 weeks. Volume has increased on the last day by 757 thousand 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, 19 million shares were bought and sold for approximately ¥391.68 million.
The stock lies in the middle of a very 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 68.21% during the next 3 months and, with a 90% probability hold a price between ¥26.32 and ¥39.16 at the end of this 3-month period.
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000913.SZ Signals & Forecast
The Zhejiang Qianjiang Motorcycle Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥21.66. On a fall, the stock will find some support from the long-term average at approximately ¥16.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -8.73%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Zhejiang Qianjiang Motorcycle Co Ltd stock
Zhejiang Qianjiang Motorcycle Co Ltd finds support from accumulated volume at ¥19.85 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 ¥1.43 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 8.18%.
Our recommended stop-loss: ¥19.86 (-4.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (000913.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhejiang Qianjiang Motorcycle Co Ltd to open at ¥21.08, and during the day (based on 14 day Average True Range), to move between ¥19.09 and ¥22.53, which gives a possible trading interval of +/-¥1.72 (+/-8.26%) up or down from last closing price. If Zhejiang Qianjiang Motorcycle Co Ltd takes out the full calculated possible swing range there will be an estimated 16.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥21.33 (2.50%) than the support at ¥19.85 (4.61%), 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 Zhejiang Qianjiang Motorcycle 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 Zhejiang Qianjiang Motorcycle Co Ltd stock to perform well in the short-term.
Current score: 1.057 Buy Candidate Unchanged
Predicted Opening Price for Zhejiang Qianjiang Motorcycle Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥21.08 ( 1.30%) | ¥20.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000913.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.51 | 8.17 % | |
| R2 | 21.96 | 5.54 % | ||
| R1 | 21.63 | 3.92 % | ||
| Current price: | 20.81 | |||
| Support | S1 | 20.53 | -1.33 % | |
| S2 | 20.20 | -2.95 % | ||
| S3 | 19.65 | -5.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.80 | 9.56 % | |
| R2 | 22.00 | 5.72 % | ||
| R1 | 21.33 | 2.50 % | ||
| Current price | 20.81 | |||
| Support | S1 | 19.85 | -4.61% | |
| S2 | 15.96 | -23.31% | ||
| S3 | 15.80 | -24.07% |
000913 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | ¥0.240 | 1.38% |
| 2 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.440 | 4.24% |
| 3 | Jun 20, 2017 | Jun 20, 2017 | Jun 20, 2017 | ¥0.100 | 0.627% |
| 4 | Jun 27, 2013 | Jun 27, 2013 | Jun 27, 2013 | ¥0.100 | 2.28% |
| 5 | May 19, 2009 | May 19, 2009 | May 19, 2009 | ¥0.0400 | 0.83% |
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