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AI Analysis of 1818.HK
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Zhaojin Mining Industry Company Limited stock price ended at HK$13.08 on Monday, after gaining 0.461%.
(Updated on Jun 17, 2024)

Sell candidate since Jun 13, 2024 Loss -2.10% PDF

The Zhaojin Mining Industry Company Limited stock price gained 0.461% on the last trading day (Monday, 17th Jun 2024), rising from HK$13.02 to HK$13.08. During the last trading day the stock fluctuated 4.02% from a day low at HK$12.92 to a day high of HK$13.44. The price has been going up and down for this period, and there has been a -4.94% loss for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 9 million shares were bought and sold for approximately HK$114.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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$12.94 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 33.64% during the next 3 months and, with a 90% probability hold a price between HK$17.29 and HK$22.08 at the end of this 3-month period.

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1818.HK Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhaojin Mining Industry Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$13.77 and HK$13.66. 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 -13.83%. 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 Zhaojin Mining Industry Company Limited stock

Zhaojin Mining Industry Company Limited finds support from accumulated volume at HK$13.02 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$0.520 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 4.91%.

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

Trading Expectations (1818.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Zhaojin Mining Industry Company Limited to open at HK$13.15, and during the day (based on 14 day Average True Range), to move between HK$12.33 and HK$13.83, which gives a possible trading interval of +/-HK$0.745 (+/-5.70%) up or down from last closing price. If Zhaojin Mining Industry Company Limited takes out the full calculated possible swing range there will be an estimated 11.39% 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$13.02 (0.46%) than the resistance at HK$13.22 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zhaojin Mining Industry Company Limited stock A Buy?

The Zhaojin Mining Industry Company Limited stock holds several negative signals and despite the positive trend, we believe Zhaojin Mining Industry Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.336 Sell Candidate Unchanged

Predicted Opening Price for Zhaojin Mining Industry Company Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
HK$13.15 ( 0.510%) HK$13.08

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

Trading levels for 1818.HK

Fibonacci Support & Resistance Levels

Level Price
R3 13.67 4.49%
R2 13.47 2.97%
R1 13.35 2.03%
Price 13.08
S1 12.95 -1.01%
S2 12.83 -1.95%
S3 12.63 -3.47%

Accumulated Volume Support & Resistance Levels

Level Price
R3 14.10 7.80%
R2 13.50 3.21%
R1 13.22 1.07%
Price 13.08
S1 13.02 -0.459%
S2 12.78 -2.29%
S3 12.74 -2.60%

1818 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 05, 2024 Jun 05, 2024 Jun 28, 2024 HK$0.0433 0.331%
2 Jun 07, 2023 Jun 07, 2023 Jun 07, 2023 HK$0.0442 0.395%
3 Jun 09, 2021 Jun 09, 2021 Jun 09, 2021 HK$0.0608 0.748%
4 Mar 22, 2020 Jun 09, 2020 Jun 30, 2020 HK$0.0436 0.482%
5 Mar 24, 2019 Jun 18, 2019 Jun 28, 2019 HK$0.0455 0.520%

FAQ

What is the symbol for Zhaojin Mining Industry Company Limited Stock and on which exchange is it traded?
The symbol for Zhaojin Mining Industry Company Limited is 1818.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Zhaojin Mining Industry Company Limited Stock?
The Zhaojin Mining Industry Company Limited stock holds several negative signals and despite the positive trend, we believe Zhaojin Mining Industry Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Zhaojin Mining Industry Company Limited Stock?
Zhaojin Mining Industry Company 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 Zhaojin Mining Industry Company Limited Stock.

What's the current price of Zhaojin Mining Industry Company Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Zhaojin Mining Industry Company Limited (1818.HK) share was HK$13.08.

What is the 52-week high and low for Zhaojin Mining Industry Company Limited Stock?
The 52-week high for Zhaojin Mining Industry Company Limited Stock is HK$15.40 and the 52-week low is HK$7.05.

What is the market capitalization of Zhaojin Mining Industry Company Limited Stock?
As of the Jun 17, 2024, the market capitalization of Zhaojin Mining Industry Company Limited is 43.764B.

When is the next earnings date for Zhaojin Mining Industry Company Limited?
The upcoming earnings date for Zhaojin Mining Industry Company Limited is Aug 23, 2024.
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