Zall Smart Commerce Group Ltd. Stock Forecast
Zall Smart Commerce Group Ltd. stock price down 0% on Friday
(Updated on May 31, 2024)
No changes to the price of Zall Smart Commerce Group Ltd. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.405 to a day high of HK$0.405. The price has fallen in 4 of the last 10 days and is down by -2.41% for this period.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.409. A reaction back to this level may hold a second chance to get out before further falls.
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2098.HK Signals & Forecast
The Zall Smart Commerce Group Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.419. On a fall, the stock will find some support from the long-term average at approximately HK$0.389. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zall Smart Commerce Group Ltd. stock
Zall Smart Commerce Group Ltd. finds support from accumulated volume at HK$0.400 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.04%
Our recommended stop-loss: HK$0.381 (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (2098.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Zall Smart Commerce Group Ltd. to open at HK$0.405, and during the day (based on 14 day Average True Range), to move between HK$0.376 and HK$0.434, which gives a possible trading interval of +/-HK$0.0288 (+/-7.10%) up or down from last closing price. If Zall Smart Commerce Group Ltd. takes out the full calculated possible swing range there will be an estimated 14.20% 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$0.400 (1.23%) than the resistance at HK$0.415 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zall Smart Commerce Group Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zall Smart Commerce Group Ltd. stock to perform well in the short-term.
Current score: 1.571 Buy Candidate Unchanged
Predicted Opening Price for Zall Smart Commerce Group Ltd. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$0.405 ( 0%) | HK$0.405 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2098.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.405 | . | |
R2 | 0.405 | . | ||
R1 | 0.405 | . | ||
Current price: | 0.405 | |||
Support | S1 | 0.405 | . | |
S2 | 0.405 | . | ||
S3 | 0.405 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.430 | 6.17 % | |
R2 | 0.420 | 3.70 % | ||
R1 | 0.415 | 2.47 % | ||
Current price | 0.405 | |||
Support | S1 | 0.400 | -1.23% | |
S2 | 0.385 | -4.94% | ||
S3 | 0.345 | -14.81% |
2098 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 29, 2018 | Jul 06, 2018 | Jul 31, 2018 | HK$0.0258 | 0.368% |
2 | Nov 03, 2014 | Jul 06, 2015 | Jul 30, 2015 | HK$0.0704 | 7.18% |
3 | Mar 22, 2013 | May 15, 2013 | Jun 28, 2013 | HK$0.0200 | 2.06% |
4 | Mar 20, 2012 | May 10, 2012 | May 31, 2012 | HK$0.0100 | 0.90% |
5 | Aug 29, 2011 | Sep 16, 2011 | Sep 30, 2011 | HK$0.0233 | 2.06% |
FAQ
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