Zhefu Holding Group Co Ltd Stock Forecast
Green day on Friday for Zhefu Holding Group Co Ltd
(Updated on May 17, 2024)
The Zhefu Holding Group Co Ltd stock price gained 0.310% on the last trading day (Friday, 17th May 2024), rising from ¥3.23 to ¥3.24. During the last trading day the stock fluctuated 6.90% from a day low at ¥3.19 to a day high of ¥3.41. The price has fallen in 5 of the last 10 days and is down by -2.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ¥85.24 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 -2.04% during the next 3 months and, with a 90% probability hold a price between ¥3.06 and ¥3.45 at the end of this 3-month period.
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002266.SZ Signals & Forecast
There are mixed signals in the stock today. The Zhefu Holding Group 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 ¥3.31 and ¥3.34. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.310%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Zhefu Holding Group Co Ltd stock
Zhefu Holding Group Co Ltd finds support from accumulated volume at ¥3.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.220 between high and low, or 6.90%. For the last week the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002266.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhefu Holding Group Co Ltd to open at ¥3.28, and during the day (based on 14 day Average True Range), to move between ¥3.11 and ¥3.37, which gives a possible trading interval of +/-¥0.134 (+/-4.15%) up or down from last closing price. If Zhefu Holding Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.23 (0.31%) than the resistance at ¥3.34 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhefu Holding Group Co Ltd stock A Buy?
Zhefu Holding Group Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.190 Sell Candidate Unchanged
Predicted Opening Price for Zhefu Holding Group Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥3.28 ( 1.23%) | ¥3.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002266.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.50 | 8.02 % | |
| R2 | 3.42 | 5.43 % | ||
| R1 | 3.36 | 3.83 % | ||
| Current price: | 3.24 | |||
| Support | S1 | 3.20 | -1.36 % | |
| S2 | 3.14 | -2.96 % | ||
| S3 | 3.06 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.39 | 4.63 % | |
| R2 | 3.35 | 3.40 % | ||
| R1 | 3.34 | 3.09 % | ||
| Current price | 3.24 | |||
| Support | S1 | 3.23 | -0.309% | |
| S2 | 3.22 | -0.617% | ||
| S3 | 3.16 | -2.47% |
002266 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0600 | 1.49% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | ¥0.0800 | 1.70% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.0400 | 0.82% |
| 4 | Nov 13, 2020 | Nov 13, 2020 | Nov 13, 2020 | ¥0.0100 | 0.211% |
| 5 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.0100 | 0.219% |
FAQ
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