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AI Analysis of 002129.SZ
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Evaluation of Tianjin Zhonghuan Semiconductor Co Ltd stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 19, 2024 Loss -11.28% PDF

The Tianjin Zhonghuan Semiconductor Co Ltd stock price gained 0.511% on the last trading day (Thursday, 28th Mar 2024), rising from ¥11.74 to ¥11.80. During the last trading day the stock fluctuated 4.18% from a day low at ¥11.72 to a day high of ¥12.21. The price has fallen in 6 of the last 10 days and is down by -11.48% for this period. Volume fell on the last day by -4 million shares and in total, 72 million shares were bought and sold for approximately ¥852.06 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 in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.74% during the next 3 months and, with a 90% probability hold a price between ¥7.80 and ¥10.96 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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002129.SZ Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tianjin Zhonghuan Semiconductor Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥12.48 and ¥12.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -14.18%. 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).

Support, Risk & Stop-loss for Tianjin Zhonghuan Semiconductor Co Ltd stock

Tianjin Zhonghuan Semiconductor Co Ltd finds support from accumulated volume at ¥11.53 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 ¥0.490 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 4.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002129.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Tianjin Zhonghuan Semiconductor Co Ltd to open at ¥11.91, and during the day (based on 14 day Average True Range), to move between ¥11.26 and ¥12.34, which gives a possible trading interval of +/-¥0.541 (+/-4.58%) up or down from last closing price. If Tianjin Zhonghuan Semiconductor Co Ltd takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥11.53 (2.29%) than the resistance at ¥12.46 (5.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tianjin Zhonghuan Semiconductor Co Ltd stock A Buy?

Tianjin Zhonghuan Semiconductor Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.380 Strong Sell Candidate Downgraded

Predicted Opening Price for Tianjin Zhonghuan Semiconductor Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥11.91 ( 0.93%) ¥11.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002129.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.40 5.08 %
R2 12.21 3.50 %
R1 12.10 2.52 %
Current price: 11.80
Support S1 11.72 -0.654 %
S2 11.61 -1.63 %
S3 11.42 -3.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.78 8.31 %
R2 12.60 6.78 %
R1 12.46 5.59 %
Current price 11.80
Support S1 11.53 -2.29%
S2 11.52 -2.37%
S3 10.89 -7.71%

002129 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 16, 2023 Jun 16, 2023 Jun 16, 2023 ¥0.100 0.313%
2 May 26, 2023 May 26, 2023 May 26, 2023 ¥0.100 0.306%
3 Jun 24, 2022 Jun 24, 2022 Jun 24, 2022 ¥0.110 0.295%
4 Jun 02, 2021 Jun 02, 2021 Jun 02, 2021 ¥0.0600 0.261%
5 Jun 30, 2020 Jun 30, 2020 Jun 30, 2020 ¥0.0300 0.167%

FAQ

What is the symbol for Tianjin Zhonghuan Semiconductor Co Ltd Stock and on which exchange is it traded?
The symbol for Tianjin Zhonghuan Semiconductor Co Ltd is 002129.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Tianjin Zhonghuan Semiconductor Co Ltd Stock?
Tianjin Zhonghuan Semiconductor Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

How to buy Tianjin Zhonghuan Semiconductor Co Ltd Stock?
Tianjin Zhonghuan Semiconductor Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tianjin Zhonghuan Semiconductor Co Ltd Stock.

What's the current price of Tianjin Zhonghuan Semiconductor Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Tianjin Zhonghuan Semiconductor Co Ltd (002129.SZ) share was ¥11.80.

What is the 52-week high and low for Tianjin Zhonghuan Semiconductor Co Ltd Stock?
The 52-week high for Tianjin Zhonghuan Semiconductor Co Ltd Stock is ¥50.25 and the 52-week low is ¥10.50.

What is the market capitalization of Tianjin Zhonghuan Semiconductor Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Tianjin Zhonghuan Semiconductor Co Ltd is 47.319B.
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