Dalian Zeus Entertainment Co Ltd Stock Forecast
Volatile ride for Dalian Zeus Entertainment Co Ltd stock price on Tuesday moving between ¥3.75 and ¥4.42
(Updated on Apr 16, 2024)
The Dalian Zeus Entertainment Co Ltd stock price fell by -8.52% on the last day (Tuesday, 16th Apr 2024) from ¥4.11 to ¥3.76. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 17.87% from a day low at ¥3.75 to a day high of ¥4.42. The price has fallen in 7 of the last 10 days and is down by -22.31% for this period. Volume has increased on the last day by 5 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, 71 million shares were bought and sold for approximately ¥266.78 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥3.50 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.84% during the next 3 months and, with a 90% probability hold a price between ¥3.60 and ¥5.67 at the end of this 3-month period.
002354.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Dalian Zeus Entertainment 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 ¥4.28 and ¥4.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -31.26%. 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 Dalian Zeus Entertainment Co Ltd stock
Dalian Zeus Entertainment Co Ltd finds support from accumulated volume at ¥3.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.670 between high and low, or 17.87%. For the last week, the stock has had daily average volatility of 11.66%.
Dalian Zeus Entertainment Co Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002354.SZ) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Dalian Zeus Entertainment Co Ltd to open at ¥3.98, and during the day (based on 14 day Average True Range), to move between ¥3.40 and ¥4.12, which gives a possible trading interval of +/-¥0.362 (+/-9.63%) up or down from last closing price. If Dalian Zeus Entertainment Co Ltd takes out the full calculated possible swing range there will be an estimated 19.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.75 (0.27%) than the resistance at ¥4.39 (16.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dalian Zeus Entertainment Co Ltd stock A Buy?
The Dalian Zeus Entertainment Co Ltd stock holds several negative signals and despite the positive trend, we believe Dalian Zeus Entertainment Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.996 Sell Candidate Unchanged
Predicted Opening Price for Dalian Zeus Entertainment Co Ltd of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| ¥3.98 ( 5.76%) | ¥3.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002354.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.65 | 23.58 % | |
| R2 | 4.39 | 16.77 % | ||
| R1 | 4.23 | 12.57 % | ||
| Current price: | 3.76 | |||
| Support | S1 | 3.72 | -1.04 % | |
| S2 | 3.56 | -5.25 % | ||
| S3 | 3.31 | -12.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.64 | 23.40 % | |
| R2 | 4.54 | 20.74 % | ||
| R1 | 4.39 | 16.76 % | ||
| Current price | 3.76 | |||
| Support | S1 | 3.75 | -0.266% | |
| S2 | 3.65 | -2.93% | ||
| S3 | 3.38 | -10.11% |
002354 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2018 | Jul 02, 2018 | Jul 02, 2018 | ¥0.0200 | 0.221% |
| 2 | May 12, 2017 | May 12, 2017 | May 12, 2017 | ¥0.147 | 0.677% |
| 3 | May 20, 2016 | May 20, 2016 | May 20, 2016 | ¥0.248 | 0.89% |
| 4 | Apr 29, 2015 | Apr 29, 2015 | Apr 29, 2015 | ¥0.104 | 0.319% |
| 5 | Apr 30, 2014 | Apr 30, 2014 | Apr 30, 2014 | ¥0.0100 | 0.0762% |
FAQ
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