RSI low/high Values: [ 25 - 80 ]
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AI Analysis of 002284.SZ
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A very red day for Zhejiang Asia-Pacific Mech & Elec Co Ltd stock price after a -5.10% fall in the Wednesday trading session
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Zhejiang Asia-Pacific Mech & Elec Co Ltd stock price fell by -5.10% on the last day (Wednesday, 27th Mar 2024) from ¥7.65 to ¥7.26. During the last trading day the stock fluctuated 6.21% from a day low at ¥7.25 to a day high of ¥7.70. The price has fallen in 5 of the last 10 days and is down by -4.47% for this period. Volume has increased on the last day by 2 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, 13 million shares were bought and sold for approximately ¥95.65 million.

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 -8.95% during the next 3 months and, with a 90% probability hold a price between ¥4.71 and ¥7.15 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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002284.SZ Signals & Forecast

The Zhejiang Asia-Pacific Mech & Elec 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 ¥7.69. On a fall, the stock will find some support from the long-term average at approximately ¥7.05. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -8.56%. 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 Asia-Pacific Mech & Elec Co Ltd stock

Zhejiang Asia-Pacific Mech & Elec Co Ltd finds support from accumulated volume at ¥7.21 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 ¥0.450 between high and low, or 6.21%. For the last week, the stock has had daily average volatility of 3.61%.

Our recommended stop-loss: ¥6.90 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (002284.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Zhejiang Asia-Pacific Mech & Elec Co Ltd to open at ¥7.40, and during the day (based on 14 day Average True Range), to move between ¥6.98 and ¥7.54, which gives a possible trading interval of +/-¥0.281 (+/-3.87%) up or down from last closing price. If Zhejiang Asia-Pacific Mech & Elec Co Ltd takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥7.28 (0.28%) than the support at ¥7.21 (0.69%), 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 Zhejiang Asia-Pacific Mech & Elec Co Ltd stock A Buy?

Zhejiang Asia-Pacific Mech & Elec Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.429 Hold/Accumulate Upgraded

Predicted Opening Price for Zhejiang Asia-Pacific Mech & Elec Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥7.40 ( 1.97%) ¥7.26

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

Trading levels for 002284.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.85 8.17 %
R2 7.68 5.80 %
R1 7.58 4.34 %
Current price: 7.26
Support S1 7.23 -0.393 %
S2 7.13 -1.86 %
S3 6.95 -4.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.22 13.22 %
R2 7.55 3.99 %
R1 7.28 0.275 %
Current price 7.26
Support S1 7.21 -0.689%
S2 6.83 -5.92%
S3 6.27 -13.64%

002284 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 26, 2022 May 26, 2022 May 26, 2022 ¥0.100 1.45%
2 Jun 06, 2018 Jun 06, 2018 Jun 06, 2018 ¥0.100 1.50%
3 Jun 15, 2017 Jun 15, 2017 Jun 15, 2017 ¥0.100 0.92%
4 Apr 28, 2016 Apr 28, 2016 Apr 28, 2016 ¥0.100 0.520%
5 Apr 24, 2015 Apr 24, 2015 Apr 24, 2015 ¥0.0500 0.416%

FAQ

What is the symbol for Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock and on which exchange is it traded?
The symbol for Zhejiang Asia-Pacific Mech & Elec Co Ltd is 002284.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock?
Zhejiang Asia-Pacific Mech & Elec Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock?
Zhejiang Asia-Pacific Mech & Elec 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 Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock.

What's the current price of Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Zhejiang Asia-Pacific Mech & Elec Co Ltd (002284.SZ) share was ¥7.26.

What is the 52-week high and low for Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock?
The 52-week high for Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock is ¥11.74 and the 52-week low is ¥5.09.

What is the market capitalization of Zhejiang Asia-Pacific Mech & Elec Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Zhejiang Asia-Pacific Mech & Elec Co Ltd is 5.366B.
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About Zhejiang Asia-Pacific Mech & Elec Co Ltd

Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd develops, manufactures, and sells automotive brake systems in China, North America, Europe, Australia, and internationally. The company offers brake calipers, vacuum boosters, brake discs, disc brake assemblies, drum brake assemblies, clutch lines and pumps, and other products. Its products are used in cars and heavy-duty trucks. Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd was founde... 002284.SZ Profile

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