Zhejiang Jingxing Paper Jt. Stk Co. Ltd. Stock Forecast
Evaluation of Zhejiang Jingxing Paper Jt. Stk Co. Ltd. stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Zhejiang Jingxing Paper Jt. Stk Co. Ltd. stock price fell by -0.332% on the last day (Friday, 10th May 2024) from ¥3.01 to ¥3.00. During the last trading day the stock fluctuated 2.70% from a day low at ¥2.96 to a day high of ¥3.04. The price has risen in 7 of the last 10 days and is up by 11.52% over the past 2 weeks. Volume has increased on the last day by 337 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥44.37 million.
The stock lies in the middle of a wide and weak 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 7.30% during the next 3 months and, with a 90% probability hold a price between ¥2.81 and ¥3.45 at the end of this 3-month period.
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002067.SZ Signals & Forecast
The Zhejiang Jingxing Paper Jt. Stk Co. Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥2.97 and ¥2.91. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -0.332%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Zhejiang Jingxing Paper Jt. Stk Co. Ltd. stock
Zhejiang Jingxing Paper Jt. Stk Co. Ltd. finds support from accumulated volume at ¥2.91 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 ¥0.0800 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: ¥2.92 (-2.57%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (002067.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Zhejiang Jingxing Paper Jt. Stk Co. Ltd. to open at ¥3.00, and during the day (based on 14 day Average True Range), to move between ¥2.85 and ¥3.15, which gives a possible trading interval of +/-¥0.147 (+/-4.89%) up or down from last closing price. If Zhejiang Jingxing Paper Jt. Stk Co. Ltd. takes out the full calculated possible swing range there will be an estimated 9.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.05 (1.67%) than the support at ¥2.91 (3.00%), 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.
Is Zhejiang Jingxing Paper Jt. Stk 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 Jingxing Paper Jt. Stk Co. Ltd. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.009 Buy Candidate Downgraded
Predicted Opening Price for Zhejiang Jingxing Paper Jt. Stk Co. Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥3.00 ( 0%) | ¥3.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002067.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.08 | 2.67 % | |
| R2 | 3.05 | 1.65 % | ||
| R1 | 3.03 | 1.02 % | ||
| Current price: | 3.00 | |||
| Support | S1 | 2.97 | -1.02 % | |
| S2 | 2.95 | -1.65 % | ||
| S3 | 2.92 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.12 | 4.00 % | |
| R2 | 3.09 | 3.00 % | ||
| R1 | 3.05 | 1.67 % | ||
| Current price | 3.00 | |||
| Support | S1 | 2.91 | -3.00% | |
| S2 | 2.89 | -3.67% | ||
| S3 | 2.69 | -10.33% |
002067 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ¥0.0350 | 1.17% |
| 2 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.0200 | 0.579% |
| 3 | Jun 01, 2018 | Jun 01, 2018 | Jun 01, 2018 | ¥0.0500 | 1.17% |
| 4 | Jun 21, 2017 | Jun 21, 2017 | Jun 21, 2017 | ¥0.0700 | 1.25% |
| 5 | May 31, 2011 | May 31, 2011 | May 31, 2011 | ¥0.0500 | 1.47% |
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