Zhejiang Southeast Space Frame Co., Ltd. Stock Forecast
Zhejiang Southeast Space Frame Co., Ltd. stock price down 1.79% on Monday
(Updated on Jun 03, 2024)
The Zhejiang Southeast Space Frame Co., Ltd. stock price fell by -1.79% on the last day (Monday, 3rd Jun 2024) from ¥4.48 to ¥4.40. During the last trading day the stock fluctuated 3.21% from a day low at ¥4.36 to a day high of ¥4.50. The price has fallen in 8 of the last 10 days and is down by -10.57% for this period. Volume has increased on the last day by 4 million 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, 9 million shares were bought and sold for approximately ¥38.56 million.
The stock lies in the middle of a 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 -3.73% during the next 3 months and, with a 90% probability hold a price between ¥3.97 and ¥4.71 at the end of this 3-month period.
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002135.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Zhejiang Southeast Space Frame 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 ¥4.58 and ¥4.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.57%. 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 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 Southeast Space Frame Co., Ltd. stock
Zhejiang Southeast Space Frame Co., Ltd. finds support from accumulated volume at ¥4.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.140 (3.21%) between high and low. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002135.SZ) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Zhejiang Southeast Space Frame Co., Ltd. to open at ¥4.42, and during the day (based on 14 day Average True Range), to move between ¥4.26 and ¥4.54, which gives a possible trading interval of +/-¥0.141 (+/-3.20%) up or down from last closing price. If Zhejiang Southeast Space Frame Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.39 (0.23%) than the resistance at ¥4.64 (5.45%), 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 Southeast Space Frame Co., Ltd. stock A Buy?
Zhejiang Southeast Space Frame Co., Ltd. holds several negative signals and is within a 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.
Current score: -4.320 Sell Candidate Unchanged
Predicted Opening Price for Zhejiang Southeast Space Frame Co., Ltd. of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| ¥4.42 ( 0.455%) | ¥4.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002135.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.56 | 3.64 % | |
| R2 | 4.51 | 2.42 % | ||
| R1 | 4.47 | 1.67 % | ||
| Current price: | 4.40 | |||
| Support | S1 | 4.37 | -0.761 % | |
| S2 | 4.33 | -1.51 % | ||
| S3 | 4.28 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.92 | 11.82 % | |
| R2 | 4.74 | 7.73 % | ||
| R1 | 4.64 | 5.45 % | ||
| Current price | 4.40 | |||
| Support | S1 | 4.39 | -0.227% | |
| S2 | 4.37 | -0.682% | ||
| S3 | 4.22 | -4.09% |
002135 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.100 | 2.23% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | ¥0.100 | 1.51% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.100 | 1.19% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | ¥0.0270 | 0.392% |
| 5 | Apr 21, 2020 | Apr 21, 2020 | Apr 21, 2020 | ¥0.0270 | 0.307% |
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