Zhong An Real Estate Limited Stock Forecast
Green day on Tuesday for Zhong An Real Estate Limited
(Updated on Jul 02, 2024)
The Zhong An Real Estate Limited stock price gained 3.67% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.109 to HK$0.113. During the last trading day the stock fluctuated 7.62% from a day low at HK$0.105 to a day high of HK$0.113. The price has fallen in 5 of the last 10 days and is down by -9.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 735 thousand more shares were traded than the day before. In total, 940 thousand shares were bought and sold for approximately HK$106.24 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.110 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.65% during the next 3 months and, with a 90% probability hold a price between HK$0.140 and HK$0.219 at the end of this 3-month period.
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0672.HK Signals & Forecast
Zhong An Real Estate Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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$0.113 and HK$0.128. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -26.14%. 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 Zhong An Real Estate Limited stock
Zhong An Real Estate Limited finds support from accumulated volume at HK$0.112 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 HK$0.0080 between high and low, or 7.62%. For the last week, the stock has had daily average volatility of 5.81%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Zhong An Real Estate Limited to open at HK$0.110, and during the day (based on 14 day Average True Range), to move between HK$0.106 and HK$0.120, which gives a possible trading interval of +/-HK$0.0073 (+/-6.47%) 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 12.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.112 (0.88%) than the resistance at HK$0.127 (12.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhong An Real Estate Limited stock A Buy?
The Zhong An Real Estate Limited stock holds several negative signals and despite the positive trend, we believe Zhong An Real Estate Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.182 Sell Candidate Unchanged
Predicted Opening Price for Zhong An Real Estate Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.110 ( 2.36%) | HK$0.113 |
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 | |
|---|---|---|
| R3 | 0.118 | 4.72% |
| R2 | 0.115 | 2.02% |
| R1 | 0.113 | 0.345% |
| Price | 0.113 | |
| S1 | 0.107 | -5.06% |
| S2 | 0.105 | -6.74% |
| S3 | 0.102 | -9.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.139 | 23.01% |
| R2 | 0.130 | 15.04% |
| R1 | 0.127 | 12.39% |
| Price | 0.113 | |
| S1 | 0.112 | -0.88% |
| S2 | 0.0940 | -16.81% |
| S3 | 0.0900 | -20.35% |
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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