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AI Analysis of 002157.SZ
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Jiangxi Zhengbang Technology Co., Ltd stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Jiangxi Zhengbang Technology Co., Ltd stock price gained 0.760% on the last trading day (Thursday, 28th Mar 2024), rising from ¥2.63 to ¥2.65. During the last trading day the stock fluctuated 1.52% from a day low at ¥2.64 to a day high of ¥2.68. The price has risen in 6 of the last 10 days and is up by 5.58% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 21 million shares were bought and sold for approximately ¥55.49 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥2.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.35% during the next 3 months and, with a 90% probability hold a price between ¥2.41 and ¥2.76 at the end of this 3-month period.

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002157.SZ Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -1.49%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Jiangxi Zhengbang Technology 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 ¥2.66. On a fall, the stock will find some support from the long-term average at approximately ¥2.52. 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. 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.

Support, Risk & Stop-loss for Jiangxi Zhengbang Technology Co., Ltd stock

Jiangxi Zhengbang Technology Co., Ltd finds support from accumulated volume at ¥2.57 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 ¥0.0400 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.

Our recommended stop-loss: ¥2.55 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (002157.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Jiangxi Zhengbang Technology Co., Ltd to open at ¥2.66, and during the day (based on 14 day Average True Range), to move between ¥2.58 and ¥2.72, which gives a possible trading interval of +/-¥0.0690 (+/-2.60%) up or down from last closing price. If Jiangxi Zhengbang Technology Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥2.68 (1.13%) than the support at ¥2.57 (3.02%), 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 Jiangxi Zhengbang Technology Co., Ltd stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.035 Buy Candidate Upgraded

Predicted Opening Price for Jiangxi Zhengbang Technology Co., Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥2.66 ( 0.252%) ¥2.65

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

Trading levels for 002157.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.70 1.76 %
R2 2.68 1.18 %
R1 2.67 0.83 %
Current price: 2.65
Support S1 2.64 -0.325 %
S2 2.63 -0.681 %
S3 2.62 -1.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 2.69 1.51 %
R1 2.68 1.13 %
Current price 2.65
Support S1 2.57 -3.02%
S2 2.55 -3.77%
S3 2.47 -6.79%

002157 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 09, 2021 Jun 09, 2021 Jun 09, 2021 ¥0.700 5.60%
2 May 22, 2020 May 22, 2020 May 22, 2020 ¥0.0700 0.463%
3 May 23, 2019 May 23, 2019 May 23, 2019 ¥0.0400 0.255%
4 Jul 06, 2018 Jul 06, 2018 Jul 06, 2018 ¥0.0500 1.51%
5 May 18, 2017 May 18, 2017 May 18, 2017 ¥0.0500 1.18%

FAQ

What is the symbol for Jiangxi Zhengbang Technology Co., Ltd Stock and on which exchange is it traded?
The symbol for Jiangxi Zhengbang Technology Co., Ltd is 002157.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Jiangxi Zhengbang Technology Co., Ltd Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Jiangxi Zhengbang Technology Co., Ltd Stock?
Jiangxi Zhengbang Technology 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 Jiangxi Zhengbang Technology Co., Ltd Stock.

What's the current price of Jiangxi Zhengbang Technology Co., Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Jiangxi Zhengbang Technology Co., Ltd (002157.SZ) share was ¥2.65.

What is the 52-week high and low for Jiangxi Zhengbang Technology Co., Ltd Stock?
The 52-week high for Jiangxi Zhengbang Technology Co., Ltd Stock is ¥3.48 and the 52-week low is ¥1.85.

What is the market capitalization of Jiangxi Zhengbang Technology Co., Ltd Stock?
As of the 2024-03-28, the market capitalization of Jiangxi Zhengbang Technology Co., Ltd is 24.64B.
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About Jiangxi Zhengbang Technology Co., Ltd

Jiangxi Zhengbang Technology Co. Ltd Jiangxi Zhengbang Technology Co.Ltd. operates in the agricultural industry in China. The company offers rice, dairy, and meat products, as well as feed and pesticides. It also develops, produces, and sells veterinary drugs, mixed feed additives, pre-mixed feed additives agents, and other products. In addition, the company engages in the pig breeding, slaughtering, and deep processing activities; and livestock, poultry, and duck breeding activitie... 002157.SZ Profile

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