Zhong An Real Estate Limited Stock Forecast
Volatile ride for Zhong An Real Estate Limited stock price on Tuesday moving between HK$0.102 and HK$0.119
(Updated on Apr 30, 2024)
The Zhong An Real Estate Limited stock price gained 9.80% on the last trading day (Tuesday, 30th Apr 2024), rising from HK$0.102 to HK$0.112. It has now gained 4 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 16.67% from a day low at HK$0.102 to a day high of HK$0.119. The price has risen in 6 of the last 10 days and is up by 24.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately HK$2.44 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 -11.74% during the next 3 months and, with a 90% probability hold a price between HK$0.0755 and HK$0.108 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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0672.HK Signals & Forecast
Mostly positive signals in the chart today. The Zhong An Real Estate Limited 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 HK$0.0956 and HK$0.101. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 27.27%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Zhong An Real Estate Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.104 and HK$0.102. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zhong An Real Estate Limited finds support just below today's level at HK$0.104. If this is broken, then the next support from accumulated volume will be at HK$0.102 and HK$0.0950.
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$0.0170 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 10.14%.
Our recommended stop-loss: HK$0.108 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0672.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Zhong An Real Estate Limited to open at HK$0.111, and during the day (based on 14 day Average True Range), to move between HK$0.104 and HK$0.120, which gives a possible trading interval of +/-HK$0.0079 (+/-7.05%) 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 14.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.116 (3.57%) than the support at HK$0.104 (7.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zhong An Real Estate Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.573 Buy Candidate Unchanged
Predicted Opening Price for Zhong An Real Estate Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$0.111 ( 0.89%) | HK$0.112 |
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 | 0.128 | 14.29 % | |
| R2 | 0.122 | 8.49 % | ||
| R1 | 0.117 | 4.91 % | ||
| Current price: | 0.112 | |||
| Support | S1 | 0.105 | -6.69 % | |
| S2 | 0.100 | -10.27 % | ||
| S3 | 0.0940 | -16.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.127 | 13.39 % | |
| R2 | 0.122 | 8.93 % | ||
| R1 | 0.116 | 3.57 % | ||
| Current price | 0.112 | |||
| Support | S1 | 0.104 | -7.14% | |
| S2 | 0.102 | -8.93% | ||
| S3 | 0.0950 | -15.18% |
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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