Jiangxi Zhengbang Technology Co., Ltd Stock Forecast
Volatile ride for Jiangxi Zhengbang Technology Co., Ltd stock price on Friday moving between ¥2.88 and ¥3.21
(Updated on Jun 28, 2024)
The Jiangxi Zhengbang Technology Co., Ltd stock price fell by -0.685% on the last day (Friday, 28th Jun 2024) from ¥2.92 to ¥2.90. During the last trading day the stock fluctuated 11.46% from a day low at ¥2.88 to a day high of ¥3.21. The price has fallen in 8 of the last 10 days and is down by -16.91% for this period. 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 -3 million shares and in total, 51 million shares were bought and sold for approximately ¥149.34 million.
Given the current short-term trend, the stock is expected to rise 17.36% during the next 3 months and, with a 90% probability hold a price between ¥3.40 and ¥4.21 at the end of this 3-month period.
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002157.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jiangxi Zhengbang Technology 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 ¥3.04 and ¥3.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -16.91%. 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 Jiangxi Zhengbang Technology Co., Ltd stock
Jiangxi Zhengbang Technology Co., Ltd finds support from accumulated volume at ¥2.89 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 ¥0.330 between high and low, or 11.46%. For the last week, the stock has had daily average volatility of 9.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002157.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jiangxi Zhengbang Technology Co., Ltd to open at ¥3.00, and during the day (based on 14 day Average True Range), to move between ¥2.68 and ¥3.12, which gives a possible trading interval of +/-¥0.221 (+/-7.61%) 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 15.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.89 (0.34%) than the resistance at ¥3.21 (10.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangxi Zhengbang Technology Co., Ltd stock A Buy?
The Jiangxi Zhengbang Technology Co., Ltd stock holds several negative signals and despite the positive trend, we believe Jiangxi Zhengbang Technology Co., Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.119 Sell Candidate Unchanged
Predicted Opening Price for Jiangxi Zhengbang Technology Co., Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥3.00 ( 3.33%) | ¥2.90 |
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 | |
|---|---|---|
| R3 | 3.33 | 14.71% |
| R2 | 3.20 | 10.37% |
| R1 | 3.12 | 7.68% |
| Price | 2.90 | |
| S1 | 2.87 | -1.01% |
| S2 | 2.79 | -3.70% |
| S3 | 2.67 | -8.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.49 | 20.34% |
| R2 | 3.34 | 15.17% |
| R1 | 3.21 | 10.69% |
| Price | 2.90 | |
| S1 | 2.89 | -0.345% |
| S2 | 2.87 | -1.03% |
| S3 | 2.78 | -4.14% |
002157 Dividend Payout History
| # | 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
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