Zall Smart Commerce Group Ltd. Stock Forecast
Zall Smart Commerce Group Ltd. stock price down 2.22% on Wednesday
(Updated on Jul 03, 2024)
The Zall Smart Commerce Group Ltd. stock price fell by -2.22% on the last day (Wednesday, 3rd Jul 2024) from HK$0.450 to HK$0.440. During the last trading day the stock fluctuated 3.45% from a day low at HK$0.435 to a day high of HK$0.450. The price has risen in 5 of the last 10 days but is still down by -2.22% for this period. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 529 thousand shares were bought and sold for approximately HK$232.76 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 47.48% during the next 3 months and, with a 90% probability hold a price between HK$0.599 and HK$0.730 at the end of this 3-month period.
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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$0.444. On a fall, the stock will find some support from the long-term average at approximately HK$0.429. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -5.38%. Further fall is indicated until a new bottom pivot has been found. Zall Smart Commerce Group Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Zall Smart Commerce Group Ltd. stock
Zall Smart Commerce Group Ltd. finds support from accumulated volume at HK$0.420 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$0.0150 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: HK$0.424 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (2098.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Zall Smart Commerce Group Ltd. to open at HK$0.442, and during the day (based on 14 day Average True Range), to move between HK$0.418 and HK$0.462, which gives a possible trading interval of +/-HK$0.0218 (+/-4.94%) 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 9.89% 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$0.450 (2.27%) than the support at HK$0.420 (4.55%), 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 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: 2.464 Buy Candidate Unchanged
Predicted Opening Price for Zall Smart Commerce Group Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.442 ( 0.379%) | HK$0.440 |
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 | |
|---|---|---|
| R3 | 0.457 | 3.79% |
| R2 | 0.451 | 2.49% |
| R1 | 0.447 | 1.68% |
| Price | 0.440 | |
| S1 | 0.436 | -0.92% |
| S2 | 0.432 | -1.73% |
| S3 | 0.427 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.465 | 5.68% |
| R2 | 0.455 | 3.41% |
| R1 | 0.450 | 2.27% |
| Price | 0.440 | |
| S1 | 0.420 | -4.55% |
| S2 | 0.415 | -5.68% |
| S3 | 0.405 | -7.95% |
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% |
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