Zhejiang Supor Co Ltd Stock Forecast
Green day on Tuesday for Zhejiang Supor Co Ltd stock after gaining 0.598%
(Updated on Apr 30, 2024)
The Zhejiang Supor Co Ltd stock price gained 0.598% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥58.55 to ¥58.90. During the last trading day the stock fluctuated 4.69% from a day low at ¥57.53 to a day high of ¥60.23. The price has been going up and down for this period, and there has been a -0.76% loss 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, 336 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥163.13 million.
The stock lies in the middle of a 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 10.55% during the next 3 months and, with a 90% probability hold a price between ¥60.94 and ¥67.72 at the end of this 3-month period.
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002032.SZ Signals & Forecast
The Zhejiang Supor 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 ¥59.23. On a fall, the stock will find some support from the long-term average at approximately ¥57.59. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 19, 2024, and so far it has fallen -2.73%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Zhejiang Supor Co Ltd stock
Zhejiang Supor Co Ltd finds support from accumulated volume at ¥58.53 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 ¥2.70 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: ¥56.37 (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (002032.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zhejiang Supor Co Ltd to open at ¥58.89, and during the day (based on 14 day Average True Range), to move between ¥56.54 and ¥61.26, which gives a possible trading interval of +/-¥2.36 (+/-4.00%) up or down from last closing price. If Zhejiang Supor Co Ltd takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥58.53 (0.63%) than the resistance at ¥59.35 (0.76%), 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 Supor 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 Supor Co Ltd stock to perform well in the short-term.
Current score: 2.145 Buy Candidate Unchanged
Predicted Opening Price for Zhejiang Supor Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥58.89 ( 0.0226%) | ¥58.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002032.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.59 | 4.56 % | |
| R2 | 60.56 | 2.81 % | ||
| R1 | 59.92 | 1.73 % | ||
| Current price: | 58.90 | |||
| Support | S1 | 57.86 | -1.77 % | |
| S2 | 57.22 | -2.86 % | ||
| S3 | 56.19 | -4.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.45 | 2.63 % | |
| R2 | 59.45 | 0.93 % | ||
| R1 | 59.35 | 0.764 % | ||
| Current price | 58.90 | |||
| Support | S1 | 58.53 | -0.628% | |
| S2 | 57.91 | -1.68% | ||
| S3 | 54.40 | -7.64% |
002032 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥3.03 | 6.39% |
| 2 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | ¥1.25 | 2.65% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥1.93 | 3.32% |
| 4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥1.29 | 1.72% |
| 5 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | ¥1.33 | 1.93% |
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