RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 0881.HK
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Volatile ride for Zhongsheng Group Holdings Limited stock price on Thursday moving between HK$12.38 and HK$13.64
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Zhongsheng Group Holdings Limited stock price gained 10.24% on the last trading day (Thursday, 28th Mar 2024), rising from HK$12.30 to HK$13.56. During the last trading day the stock fluctuated 10.18% from a day low at HK$12.38 to a day high of HK$13.64. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately HK$92.49 million.

The stock lies in the middle of a 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 -18.17% during the next 3 months and, with a 90% probability hold a price between HK$10.02 and HK$12.51 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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0881.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 10.24%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhongsheng Group Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$13.67. On a fall, the stock will find some support from the short-term average at HK$13.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Zhongsheng Group Holdings Limited stock

Zhongsheng Group Holdings Limited finds support from accumulated volume at HK$13.34 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$1.26 between high and low, or 10.18%. For the last week, the stock has had daily average volatility of 6.03%.

Our recommended stop-loss: HK$13.03 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (0881.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Zhongsheng Group Holdings Limited to open at HK$13.19, and during the day (based on 14 day Average True Range), to move between HK$12.80 and HK$14.32, which gives a possible trading interval of +/-HK$0.758 (+/-5.59%) up or down from last closing price. If Zhongsheng Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.18% 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$13.34 (1.62%) than the resistance at HK$13.98 (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zhongsheng Group Holdings Limited stock A Buy?

Zhongsheng Group Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.285 Hold/Accumulate Upgraded

Predicted Opening Price for Zhongsheng Group Holdings Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$13.19 ( 2.70%) HK$13.56

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

Trading levels for 0881.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.45 6.59 %
R2 13.97 3.04 %
R1 13.67 0.85 %
Current price: 13.56
Support S1 12.71 -6.25 %
S2 12.41 -8.45 %
S3 11.93 -12.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.62 7.82 %
R2 14.38 6.05 %
R1 13.98 3.10 %
Current price 13.56
Support S1 13.34 -1.62%
S2 13.18 -2.80%
S3 13.14 -3.10%

0881 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 23, 2023 Jun 23, 2023 Jun 23, 2023 HK$1.09 3.77%
2 Jun 21, 2022 Jun 21, 2022 Jun 21, 2022 HK$0.84 1.46%
3 Jun 22, 2021 Jun 22, 2021 Jun 22, 2021 HK$0.580 0.96%
4 Jun 12, 2020 Jun 12, 2020 Jun 12, 2020 HK$0.450 1.13%
5 Jun 12, 2019 Jun 12, 2019 Jun 12, 2019 HK$0.370 1.87%

FAQ

What is the symbol for Zhongsheng Group Holdings Limited Stock and on which exchange is it traded?
The symbol for Zhongsheng Group Holdings Limited is 0881.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Zhongsheng Group Holdings Limited Stock?
Zhongsheng Group Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Zhongsheng Group Holdings Limited Stock?
Zhongsheng Group Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zhongsheng Group Holdings Limited Stock.

What's the current price of Zhongsheng Group Holdings Limited Stock?
As of the end of day on the 2024-03-28, the price of an Zhongsheng Group Holdings Limited (0881.HK) share was HK$13.56.

What is the 52-week high and low for Zhongsheng Group Holdings Limited Stock?
The 52-week high for Zhongsheng Group Holdings Limited Stock is HK$38.90 and the 52-week low is HK$12.18.

What is the market capitalization of Zhongsheng Group Holdings Limited Stock?
As of the 2024-03-28, the market capitalization of Zhongsheng Group Holdings Limited is 32.35B.

When is the next earnings date for Zhongsheng Group Holdings Limited?
The upcoming earnings date for Zhongsheng Group Holdings Limited is Aug 21, 2024.
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About Zhongsheng Group Holdings Limited

Zhongsheng Group Holdings Limited Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, Audi, Jaguar, Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota and Nissan. It also provides spare parts, automobile accessories, repair and maintenance servic... 0881.HK Profile

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