ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd Stock Forecast
ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd stock price up 3.67% on Friday
(Updated on Apr 26, 2024)
The ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd stock price gained 3.67% on the last trading day (Friday, 26th Apr 2024), rising from ¥12.80 to ¥13.27. During the last trading day the stock fluctuated 5.32% from a day low at ¥12.77 to a day high of ¥13.45. The price has risen in 5 of the last 10 days but is still down by -1.12% for this period. Volume fell on the last day by -855 thousand shares and in total, 7 million shares were bought and sold for approximately ¥89.39 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥12.48 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 27.01% during the next 3 months and, with a 90% probability hold a price between ¥15.86 and ¥23.03 at the end of this 3-month period.
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002006.SZ Signals & Forecast
There are mixed signals in the stock today. The ZHEJIANG JINGGONG SCIENCE & TECH 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 ¥14.11. On a fall, the stock will find some support from the short-term average at ¥13.18. 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 Tuesday, April 16, 2024, and so far it has risen 9.85%. 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 ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd stock
ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd finds support from accumulated volume at ¥13.20 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 ¥0.680 between high and low, or 5.32%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002006.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd to open at ¥13.16, and during the day (based on 14 day Average True Range), to move between ¥12.37 and ¥14.17, which gives a possible trading interval of +/-¥0.90 (+/-6.80%) up or down from last closing price. If ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd takes out the full calculated possible swing range there will be an estimated 13.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.20 (0.53%) than the resistance at ¥14.75 (11.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd stock A Buy?
ZHEJIANG JINGGONG SCIENCE & TECH 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: -1.344 Sell Candidate Unchanged
Predicted Opening Price for ZHEJIANG JINGGONG SCIENCE & TECH Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥13.16 ( 0.80%) | ¥13.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002006.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.84 | 4.32 % | |
| R2 | 13.58 | 2.36 % | ||
| R1 | 13.42 | 1.15 % | ||
| Current price: | 13.27 | |||
| Support | S1 | 12.90 | -2.76 % | |
| S2 | 12.74 | -3.97 % | ||
| S3 | 12.48 | -5.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.13 | 21.55 % | |
| R2 | 15.48 | 16.65 % | ||
| R1 | 14.75 | 11.15 % | ||
| Current price | 13.27 | |||
| Support | S1 | 13.20 | -0.528% | |
| S2 | 11.87 | -10.55% | ||
| S3 | 11.29 | -14.92% |
002006 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ¥0.200 | 1.01% |
| 2 | Jun 07, 2018 | Jun 07, 2018 | Jun 07, 2018 | ¥0.0200 | 0.323% |
| 3 | Jun 21, 2017 | Jun 21, 2017 | Jun 21, 2017 | ¥0.0200 | 0.252% |
| 4 | May 16, 2012 | May 16, 2012 | May 16, 2012 | ¥0.0667 | 0.480% |
| 5 | Jun 22, 2006 | Jun 22, 2006 | Jun 22, 2006 | ¥0.0222 | 1.74% |
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