Zhejiang Yueling Co Ltd Stock Forecast
Zhejiang Yueling Co Ltd stock upgraded to Buy Candidate.
(Updated on May 07, 2024)
The Zhejiang Yueling Co Ltd stock price gained 1.48% on the last trading day (Tuesday, 7th May 2024), rising from ¥9.46 to ¥9.60. During the last trading day the stock fluctuated 4.31% from a day low at ¥9.29 to a day high of ¥9.69. The price has risen in 7 of the last 10 days and is up by 11.76% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 14 million shares were bought and sold for approximately ¥137.12 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 in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.97% during the next 3 months and, with a 90% probability hold a price between ¥9.07 and ¥13.20 at the end of this 3-month period.
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002725.SZ Signals & Forecast
The Zhejiang Yueling Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.16 and ¥9.47. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -12.96%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Zhejiang Yueling Co Ltd stock
Zhejiang Yueling Co Ltd finds support from accumulated volume at ¥9.57 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 ¥0.400 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 6.14%.
Our recommended stop-loss: ¥9.25 (-3.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (002725.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Zhejiang Yueling Co Ltd to open at ¥9.53, and during the day (based on 14 day Average True Range), to move between ¥8.88 and ¥10.32, which gives a possible trading interval of +/-¥0.724 (+/-7.54%) up or down from last closing price. If Zhejiang Yueling Co Ltd takes out the full calculated possible swing range there will be an estimated 15.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.57 (0.31%) than the resistance at ¥10.46 (8.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhejiang Yueling Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zhejiang Yueling Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.461 Buy Candidate Upgraded
Predicted Opening Price for Zhejiang Yueling Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥9.53 ( 0.764%) | ¥9.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002725.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.93 | 3.40 % | |
| R2 | 9.77 | 1.81 % | ||
| R1 | 9.68 | 0.83 % | ||
| Current price: | 9.60 | |||
| Support | S1 | 9.37 | -2.36 % | |
| S2 | 9.28 | -3.34 % | ||
| S3 | 9.13 | -4.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.78 | 12.29 % | |
| R2 | 10.60 | 10.42 % | ||
| R1 | 10.46 | 8.96 % | ||
| Current price | 9.60 | |||
| Support | S1 | 9.57 | -0.312% | |
| S2 | 9.19 | -4.27% | ||
| S3 | 8.75 | -8.85% |
002725 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.0250 | 0.236% |
| 2 | May 14, 2020 | May 14, 2020 | May 14, 2020 | ¥0.0600 | 0.633% |
| 3 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.100 | 1.04% |
| 4 | Apr 25, 2017 | Apr 25, 2017 | Apr 25, 2017 | ¥0.0625 | 0.576% |
| 5 | May 04, 2016 | May 04, 2016 | May 04, 2016 | ¥0.0938 | 0.705% |
FAQ
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