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AI Analysis of 003017.SZ
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Weaker technical forecast for Zhejiang Dayang Biology Technology as stock downgraded to Strong Sell Candidate.
(Updated on Jun 24, 2024)

Sell candidate since May 30, 2024 Loss -13.93% PDF

The Zhejiang Dayang Biology Technology stock price fell by -4.51% on the last day (Monday, 24th Jun 2024) from ¥16.18 to ¥15.45. During the last trading day the stock fluctuated 5.49% from a day low at ¥15.30 to a day high of ¥16.14. The price has fallen in 6 of the last 10 days and is down by -1.02% for this period. Volume has increased on the last day by 492 thousand 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, 1 million shares were bought and sold for approximately ¥19.92 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 -9.90% during the next 3 months and, with a 90% probability hold a price between ¥12.36 and ¥16.66 at the end of this 3-month period.

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003017.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Zhejiang Dayang Biology Technology 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 ¥16.28 and ¥17.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -21.05%. 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 Dayang Biology Technology stock

Zhejiang Dayang Biology Technology finds support from accumulated volume at ¥15.26 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 ¥0.84 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.17%.

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

Trading Expectations (003017.SZ) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Zhejiang Dayang Biology Technology Co.,ltd. to open at ¥15.63, and during the day (based on 14 day Average True Range), to move between ¥14.52 and ¥16.38, which gives a possible trading interval of +/-¥0.93 (+/-6.00%) up or down from last closing price. If Zhejiang Dayang Biology Technology Co.,ltd. takes out the full calculated possible swing range there will be an estimated 12.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥15.26 (1.23%) than the resistance at ¥16.75 (8.41%), 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 Dayang Biology Technology Co.,ltd. stock A Buy?

Zhejiang Dayang Biology Technology holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.284 Strong Sell Candidate Downgraded

Predicted Opening Price for Zhejiang Dayang Biology Technology Co.,ltd. of Tuesday, June 25, 2024

Fair opening price June 25, 2024 Current price
¥15.63 ( 1.17%) ¥15.45

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

Trading levels for 003017.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 16.47 6.60%
R2 16.15 4.53%
R1 15.95 3.24%
Price 15.45
S1 15.31 -0.91%
S2 15.11 -2.19%
S3 14.79 -4.27%

Accumulated Volume Support & Resistance Levels

Level Price
R3 19.19 24.21%
R2 18.91 22.39%
R1 16.75 8.41%
Price 15.45
S1 15.26 -1.23%
S2 0 -
S3 0 -

003017 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 14, 2023 Nov 14, 2023 Nov 14, 2023 ¥0.400 1.76%
2 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 ¥0.143 0.599%
3 Jul 08, 2022 Jul 08, 2022 Jul 08, 2022 ¥0.429 1.92%
4 Jun 18, 2021 Jun 18, 2021 Jun 18, 2021 ¥0.429 1.54%

FAQ

What is the symbol for Zhejiang Dayang Biology Technology Co.,ltd. Stock and on which exchange is it traded?
The symbol for Zhejiang Dayang Biology Technology Co.,ltd. is 003017.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Zhejiang Dayang Biology Technology Co.,ltd. Stock?
Zhejiang Dayang Biology Technology holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

How to buy Zhejiang Dayang Biology Technology Co.,ltd. Stock?
Zhejiang Dayang Biology 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 Zhejiang Dayang Biology Technology Co.,ltd. Stock.

What's the current price of Zhejiang Dayang Biology Technology Co.,ltd. Stock?
As of the end of day on the Jun 24, 2024, the price of an Zhejiang Dayang Biology Technology Co.,ltd. (003017.SZ) share was ¥15.45.

What is the 52-week high and low for Zhejiang Dayang Biology Technology Co.,ltd. Stock?
The 52-week high for Zhejiang Dayang Biology Technology Co.,ltd. Stock is ¥25.94 and the 52-week low is ¥11.91.

What is the market capitalization of Zhejiang Dayang Biology Technology Co.,ltd. Stock?
As of the Jun 24, 2024, the market capitalization of Zhejiang Dayang Biology Technology Co.,ltd. is 1.298B.

When is the next earnings date for Zhejiang Dayang Biology Technology Co.,ltd.?
The upcoming earnings date for Zhejiang Dayang Biology Technology Co.,ltd. is May 21, 2025.
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