Jinzi Ham Company Ltd. Stock Forecast
Jinzi Ham Company Ltd. stock price up 0.754% on Wednesday
(Updated on Jul 03, 2024)
The Jinzi Ham Company Ltd. stock price gained 0.754% on the last trading day (Wednesday, 3rd Jul 2024), rising from ¥3.98 to ¥4.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.30% from a day low at ¥3.81 to a day high of ¥4.05. The price has risen in 5 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 6 million shares were bought and sold for approximately ¥22.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥4.16 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.53% during the next 3 months and, with a 90% probability hold a price between ¥2.78 and ¥3.52 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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002515.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 8.67%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jinzi Ham Company Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥4.06. On a fall, the stock will find some support from the short-term average at ¥3.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Jinzi Ham Company Ltd. stock
Jinzi Ham Company Ltd. finds support from accumulated volume at ¥3.98 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 ¥0.240 between high and low, or 6.30%. For the last week, the stock has had daily average volatility of 4.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002515.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Jinzi Ham Company Ltd. to open at ¥3.96, and during the day (based on 14 day Average True Range), to move between ¥3.84 and ¥4.18, which gives a possible trading interval of +/-¥0.173 (+/-4.32%) up or down from last closing price. If Jinzi Ham Company Ltd. takes out the full calculated possible swing range there will be an estimated 8.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.98 (0.75%) than the resistance at ¥4.31 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jinzi Ham Company Ltd. stock A Buy?
Jinzi Ham Company 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: -1.703 Sell Candidate Unchanged
Predicted Opening Price for Jinzi Ham Company Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥3.96 ( 1.33%) | ¥4.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002515.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.20 | 4.66% |
| R2 | 4.10 | 2.37% |
| R1 | 4.05 | 0.96% |
| Price | 4.01 | |
| S1 | 3.86 | -3.62% |
| S2 | 3.81 | -5.03% |
| S3 | 3.72 | -7.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.64 | 15.71% |
| R2 | 4.62 | 15.21% |
| R1 | 4.31 | 7.48% |
| Price | 4.01 | |
| S1 | 3.98 | -0.748% |
| S2 | 3.85 | -3.99% |
| S3 | 3.69 | -7.98% |
002515 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | ¥0.0200 | 0.519% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ¥0.0200 | 0.433% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ¥0.0200 | 0.528% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | ¥0.0300 | 0.624% |
| 5 | May 26, 2020 | May 26, 2020 | May 26, 2020 | ¥0.0500 | 0.755% |
FAQ
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