Zhejiang Dun'an Artificial Env.Co., Ltd Stock Forecast
Green day on Monday for Zhejiang Dun'an Artificial Env.Co., Ltd stock after gaining 3.33%
(Updated on May 06, 2024)
The Zhejiang Dun'an Artificial Env.Co., Ltd stock price gained 3.33% on the last trading day (Monday, 6th May 2024), rising from ¥12.02 to ¥12.42. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.55% from a day low at ¥11.76 to a day high of ¥12.53. The price has risen in 7 of the last 10 days and is up by 11.39% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 18 million shares were bought and sold for approximately ¥228.85 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥12.72 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.20% during the next 3 months and, with a 90% probability hold a price between ¥10.23 and ¥12.06 at the end of this 3-month period. 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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002011.SZ Signals & Forecast
Mostly positive signals in the chart today. The Zhejiang Dun'an Artificial Env.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 ¥11.72 and ¥11.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.63%. 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 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 Dun'an Artificial Env.Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥11.62 and ¥11.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zhejiang Dun'an Artificial Env.Co., Ltd finds support just below today's level at ¥11.62. If this is broken, then the next support from accumulated volume will be at ¥11.38 and ¥11.04.
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 ¥0.770 between high and low, or 6.55%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: ¥12.02 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (002011.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Zhejiang Dun'an Artificial Env.Co., Ltd to open at ¥12.24, and during the day (based on 14 day Average True Range), to move between ¥11.80 and ¥13.04, which gives a possible trading interval of +/-¥0.615 (+/-4.95%) up or down from last closing price. If Zhejiang Dun'an Artificial Env.Co., Ltd takes out the full calculated possible swing range there will be an estimated 9.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥12.45 (0.24%) than the support at ¥11.62 (6.44%), 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
Zhejiang Dun'an Artificial Env.Co., Ltd will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Zhejiang Dun'an Artificial Env.Co., Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.06% in the first trading day after earnings release.
Is Zhejiang Dun'an Artificial Env.Co., Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.962 Buy Candidate Unchanged
Predicted Opening Price for Zhejiang Dun'an Artificial Env.Co., Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥12.24 ( 1.48%) | ¥12.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002011.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.01 | 4.72 % | |
| R2 | 12.71 | 2.36 % | ||
| R1 | 12.53 | 0.89 % | ||
| Current price: | 12.42 | |||
| Support | S1 | 11.94 | -3.84 % | |
| S2 | 11.76 | -5.31 % | ||
| S3 | 11.47 | -7.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.83 | 3.30 % | |
| R2 | 12.67 | 2.01 % | ||
| R1 | 12.45 | 0.242 % | ||
| Current price | 12.42 | |||
| Support | S1 | 11.62 | -6.44% | |
| S2 | 11.38 | -8.37% | ||
| S3 | 11.04 | -11.11% |
002011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.100 | 0.82% |
| 2 | Jun 06, 2014 | Jun 06, 2014 | Jun 06, 2014 | ¥0.100 | 1.29% |
| 3 | Jun 05, 2012 | Jun 05, 2012 | Jun 05, 2012 | ¥0.200 | 1.92% |
| 4 | May 19, 2011 | May 19, 2011 | May 19, 2011 | ¥0.150 | 1.04% |
| 5 | May 19, 2010 | May 19, 2010 | May 19, 2010 | ¥0.150 | 1.54% |
FAQ
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