Zhong An Real Estate Limited Stock Forecast
Red day on Wednesday for Zhong An Real Estate Limited stock after losing 2.22%
(Updated on Apr 17, 2024)
The Zhong An Real Estate Limited stock price fell by -2.22% on the last day (Wednesday, 17th Apr 2024) from HK$0.0900 to HK$0.0880. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.65% from a day low at HK$0.0860 to a day high of HK$0.0900. The price has fallen in 6 of the last 10 days and is down by -7.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -397 thousand shares and in total, 4 million shares were bought and sold for approximately HK$395.49 thousand.
Given the current short-term trend, the stock is expected to fall -7.83% during the next 3 months and, with a 90% probability hold a price between HK$0.0811 and HK$0.116 at the end of this 3-month period.
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0672.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Zhong An Real Estate Limited 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 HK$0.0924 and HK$0.104. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -31.25%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Zhong An Real Estate Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0040 between high and low, or 4.65%. For the last week the stock has had daily average volatility of 4.23%.
Zhong An Real Estate Limited is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0672.HK) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Zhong An Real Estate Limited to open at HK$0.0880, and during the day (based on 14 day Average True Range), to move between HK$0.0804 and HK$0.0956, which gives a possible trading interval of +/-HK$0.0076 (+/-8.59%) up or down from last closing price. If Zhong An Real Estate Limited takes out the full calculated possible swing range there will be an estimated 17.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0940, some HK$0.0060 (6.82%) from the current price of HK$0.0880, our system finds the risk reward not very attractive.
Is Zhong An Real Estate Limited stock A Buy?
Zhong An Real Estate Limited 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.
Current score: -5.309 Strong Sell Candidate Unchanged
Predicted Opening Price for Zhong An Real Estate Limited of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| HK$0.0880 ( 0.00000000%) | HK$0.0880 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0672.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0920 | 4.55 % | |
| R2 | 0.0905 | 2.81 % | ||
| R1 | 0.0895 | 1.74 % | ||
| Current price: | 0.0880 | |||
| Support | S1 | 0.0865 | -1.74 % | |
| S2 | 0.0855 | -2.81 % | ||
| S3 | 0.0840 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.104 | 18.18 % | |
| R2 | 0.0950 | 7.95 % | ||
| R1 | 0.0940 | 6.82 % | ||
| Current price | 0.0880 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0672 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | HK$0.0200 | 8.70% |
| 2 | Jun 10, 2014 | Jun 10, 2014 | Jun 10, 2014 | HK$0.0111 | 1.19% |
| 3 | Sep 18, 2009 | Sep 18, 2009 | Sep 18, 2009 | HK$0.0083 | 0.599% |
| 4 | May 07, 2009 | May 07, 2009 | May 07, 2009 | HK$0.0083 | 1.19% |
FAQ
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