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AI Analysis of 002369.SZ
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Shenzhen Zowee Technology Co Ltd. stock price up more than 5.82% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Shenzhen Zowee Technology Co Ltd. stock price gained 5.82% on the last trading day (Thursday, 28th Mar 2024), rising from ¥4.47 to ¥4.73. During the last trading day the stock fluctuated 8.76% from a day low at ¥4.45 to a day high of ¥4.84. The price has been going up and down for this period, and there has been a -3.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately ¥146.96 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 -5.45% during the next 3 months and, with a 90% probability hold a price between ¥2.52 and ¥5.15 at the end of this 3-month period.

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002369.SZ Signals & Forecast

The Shenzhen Zowee 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 ¥4.89. On a fall, the stock will find some support from the long-term average at approximately ¥4.41. 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 is rising along with the price. This is considered to be a good technical 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 Tuesday, March 05, 2024, and so far it has fallen -14.62%. 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).

Support, Risk & Stop-loss for Shenzhen Zowee Technology Co Ltd. stock

Shenzhen Zowee Technology Co Ltd. finds support from accumulated volume at ¥4.58 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 ¥0.390 between high and low, or 8.76%. For the last week, the stock has had daily average volatility of 6.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002369.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Shenzhen Zowee Technology Co Ltd. to open at ¥4.67, and during the day (based on 14 day Average True Range), to move between ¥4.42 and ¥5.04, which gives a possible trading interval of +/-¥0.306 (+/-6.47%) up or down from last closing price. If Shenzhen Zowee Technology Co Ltd. takes out the full calculated possible swing range there will be an estimated 12.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥4.80 (1.48%) than the support at ¥4.58 (3.17%), 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 Shenzhen Zowee Technology Co Ltd. stock A Buy?

Shenzhen Zowee Technology 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.070 Sell Candidate Downgraded

Predicted Opening Price for Shenzhen Zowee Technology Co Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥4.67 ( 1.20%) ¥4.73

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

Trading levels for 002369.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.06 7.05 %
R2 4.91 3.90 %
R1 4.82 1.95 %
Current price: 4.73
Support S1 4.52 -4.35 %
S2 4.43 -6.29 %
S3 4.28 -9.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.54 17.12 %
R2 5.33 12.68 %
R1 4.80 1.48 %
Current price 4.73
Support S1 4.58 -3.17%
S2 4.01 -15.22%
S3 3.97 -16.07%

002369 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 11, 2018 Jul 11, 2018 Jul 11, 2018 ¥0.0601 0.682%
2 May 15, 2014 May 15, 2014 May 15, 2014 ¥0.0550 0.623%
3 May 15, 2013 May 15, 2013 May 15, 2013 ¥0.0750 1.04%
4 Jun 13, 2012 Jun 13, 2012 Jun 13, 2012 ¥0.100 1.52%
5 Sep 22, 2011 Sep 22, 2011 Sep 22, 2011 ¥0.0500 0.576%

FAQ

What is the symbol for Shenzhen Zowee Technology Co Ltd. Stock and on which exchange is it traded?
The symbol for Shenzhen Zowee Technology Co Ltd. is 002369.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Zowee Technology Co Ltd. Stock?
Shenzhen Zowee Technology 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Shenzhen Zowee Technology Co Ltd. Stock?
Shenzhen Zowee 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 Shenzhen Zowee Technology Co Ltd. Stock.

What's the current price of Shenzhen Zowee Technology Co Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Shenzhen Zowee Technology Co Ltd. (002369.SZ) share was ¥4.73.

What is the 52-week high and low for Shenzhen Zowee Technology Co Ltd. Stock?
The 52-week high for Shenzhen Zowee Technology Co Ltd. Stock is ¥8.15 and the 52-week low is ¥2.59.

What is the market capitalization of Shenzhen Zowee Technology Co Ltd. Stock?
As of the 2024-03-28, the market capitalization of Shenzhen Zowee Technology Co Ltd. is 2.682B.
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About Shenzhen Zowee Technology Co Ltd.

Shenzhen Zowee Technology Co Ltd. Shenzhen Zowee Technology Co., Ltd. researches, designs, manufactures, and sells products for use in communication products, computers, consumer electronics, etc. worldwide. The company also provides electronics manufacturing services, including mold development and manufacturing, as well as molding and spray printing; supply chain management; printed circuit board assembly; product assembly and packaging; system integration and testing; and prod... 002369.SZ Profile

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