Transfar Zhilian Co Ltd Stock Forecast
Weaker technical forecast for Transfar Zhilian Co Ltd as stock downgraded to Sell Candidate.
(Updated on May 21, 2024)
The Transfar Zhilian Co Ltd stock price fell by -0.645% on the last day (Tuesday, 21st May 2024) from ¥4.65 to ¥4.62. During the last trading day the stock fluctuated 1.53% from a day low at ¥4.59 to a day high of ¥4.66. The price has fallen in 5 of the last 10 days but is still up by 0.65% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 11 million shares were bought and sold for approximately ¥49.65 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥4.66 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Transfar Zhilian Co Ltd stock with a 90% probability to be traded between ¥4.10 and ¥4.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002010.SZ Signals & Forecast
The Transfar Zhilian 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 ¥4.63. On a fall, the stock will find some support from the long-term average at approximately ¥4.48. 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 -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Transfar Zhilian Co Ltd stock
Transfar Zhilian Co Ltd finds support from accumulated volume at ¥4.61 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 ¥0.0700 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002010.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Transfar Zhilian Co Ltd to open at ¥4.62, and during the day (based on 14 day Average True Range), to move between ¥4.47 and ¥4.77, which gives a possible trading interval of +/-¥0.149 (+/-3.22%) up or down from last closing price. If Transfar Zhilian Co Ltd takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.63 (0.22%) than the support at ¥4.61 (0.22%), 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.
Earnings coming up
Transfar Zhilian Co Ltd will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for Transfar Zhilian Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.36% in the first trading day after earnings release.
Is Transfar Zhilian Co Ltd stock A Buy?
Transfar Zhilian 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.073 Sell Candidate Downgraded
Predicted Opening Price for Transfar Zhilian Co Ltd of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ¥4.62 ( 0.0722%) | ¥4.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002010.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.69 | 1.59 % | |
| R2 | 4.67 | 1.01 % | ||
| R1 | 4.65 | 0.651 % | ||
| Current price: | 4.62 | |||
| Support | S1 | 4.60 | -0.507 % | |
| S2 | 4.58 | -0.86 % | ||
| S3 | 4.55 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.66 | 0.87 % | |
| R2 | 4.64 | 0.433 % | ||
| R1 | 4.63 | 0.216 % | ||
| Current price | 4.62 | |||
| Support | S1 | 4.61 | -0.216% | |
| S2 | 4.59 | -0.649% | ||
| S3 | 4.53 | -1.95% |
002010 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ¥0.100 | 1.87% |
| 2 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | ¥0.100 | 1.55% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.100 | 1.21% |
| 4 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | ¥0.100 | 1.82% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.100 | 1.26% |
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