Zhejiang Supor Co Ltd Stock Forecast
Zhejiang Supor Co Ltd stock price ended at ¥57.74 on Friday, after losing 0.362%.
(Updated on May 17, 2024)
The Zhejiang Supor Co Ltd stock price fell by -0.362% on the last day (Friday, 17th May 2024) from ¥57.95 to ¥57.74. During the last trading day the stock fluctuated 3.45% from a day low at ¥56.88 to a day high of ¥58.84. The price has been going up and down for this period, and there has been a -1.97% loss for the last 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 -915 thousand shares and in total, 2 million shares were bought and sold for approximately ¥130.08 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥57.54 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 9.31% during the next 3 months and, with a 90% probability hold a price between ¥62.89 and ¥67.85 at the end of this 3-month period.
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002032.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Zhejiang Supor Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥58.82 and ¥58.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Zhejiang Supor Co Ltd stock
Zhejiang Supor Co Ltd finds support from accumulated volume at ¥57.48 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 ¥1.96 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002032.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhejiang Supor Co Ltd to open at ¥57.82, and during the day (based on 14 day Average True Range), to move between ¥55.73 and ¥59.75, which gives a possible trading interval of +/-¥2.01 (+/-3.49%) 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 6.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥57.48 (0.45%) than the resistance at ¥58.26 (0.90%), 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?
The Zhejiang Supor Co Ltd stock holds several negative signals and despite the positive trend, we believe Zhejiang Supor Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.990 Sell Candidate Unchanged
Predicted Opening Price for Zhejiang Supor Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥57.82 ( 0.139%) | ¥57.74 |
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 | 59.78 | 3.53 % | |
| R2 | 59.03 | 2.24 % | ||
| R1 | 58.57 | 1.44 % | ||
| Current price: | 57.74 | |||
| Support | S1 | 57.07 | -1.16 % | |
| S2 | 56.61 | -1.96 % | ||
| S3 | 55.86 | -3.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.92 | 3.78 % | |
| R2 | 58.53 | 1.37 % | ||
| R1 | 58.26 | 0.90 % | ||
| Current price | 57.74 | |||
| Support | S1 | 57.48 | -0.450% | |
| S2 | 54.40 | -5.78% | ||
| S3 | 53.71 | -6.98% |
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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