Zhejiang Nhu Co Ltd Stock Forecast
Zhejiang Nhu Co Ltd stock price ended at ¥17.65 on Friday, after gaining 1.55%.
(Updated on Apr 19, 2024)
The Zhejiang Nhu Co Ltd stock price gained 1.55% on the last trading day (Friday, 19th Apr 2024), rising from ¥17.38 to ¥17.65. During the last trading day the stock fluctuated 6.67% from a day low at ¥16.64 to a day high of ¥17.75. The price has been going up and down for this period, and there has been a 3.4% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately ¥322.02 million.
The stock lies in the middle of a wide and weak 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 4.08% during the next 3 months and, with a 90% probability hold a price between ¥17.26 and ¥19.34 at the end of this 3-month period.
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002001.SZ Signals & Forecast
Mostly positive signals in the chart today. The Zhejiang Nhu Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥17.29 and ¥17.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 6.97%. 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. The stock had a Golden Star Signal on Wednesday, February 07, 2024 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 Wednesday, February 07, 2024 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 Zhejiang Nhu Co Ltd stock
Zhejiang Nhu Co Ltd finds support from accumulated volume at ¥17.41 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 ¥1.11 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 5.44%.
Our recommended stop-loss: ¥16.98 (-3.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (002001.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Zhejiang Nhu Co Ltd to open at ¥17.35, and during the day (based on 14 day Average True Range), to move between ¥17.05 and ¥18.25, which gives a possible trading interval of +/-¥0.595 (+/-3.37%) up or down from last closing price. If Zhejiang Nhu Co Ltd takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥17.71 (0.34%) than the support at ¥17.41 (1.36%), 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 Nhu 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 Nhu Co Ltd stock to perform well in the short-term.
Current score: 2.021 Buy Candidate Unchanged
Predicted Opening Price for Zhejiang Nhu Co Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥17.35 ( 1.72%) | ¥17.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002001.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.46 | 4.57 % | |
| R2 | 18.03 | 2.17 % | ||
| R1 | 17.77 | 0.684 % | ||
| Current price: | 17.65 | |||
| Support | S1 | 16.92 | -4.12 % | |
| S2 | 16.66 | -5.61 % | ||
| S3 | 16.24 | -8.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.06 | 2.32 % | |
| R2 | 18.00 | 1.98 % | ||
| R1 | 17.71 | 0.340 % | ||
| Current price | 17.65 | |||
| Support | S1 | 17.41 | -1.36% | |
| S2 | 17.31 | -1.93% | ||
| S3 | 17.30 | -1.98% |
002001 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | ¥0.500 | 3.28% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.700 | 3.39% |
| 3 | May 19, 2021 | May 19, 2021 | May 19, 2021 | ¥0.486 | 1.78% |
| 4 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.347 | 1.77% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.486 | 3.54% |
FAQ
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