Dalian Zhiyun Automation Co., Ltd. Stock Forecast
Green day on Tuesday for Dalian Zhiyun Automation Co., Ltd.
(Updated on Jun 18, 2024)
The Dalian Zhiyun Automation Co., Ltd. stock price gained 4.48% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥5.58 to ¥5.83. During the last trading day the stock fluctuated 5.42% from a day low at ¥5.53 to a day high of ¥5.83. The price has fallen in 6 of the last 10 days and is down by -5.36% 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, 9 million shares were bought and sold for approximately ¥54.61 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥5.60, a level that may pose a second chance to hit a runner. According to fan-theory ¥7.55 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300097.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 7.76%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dalian Zhiyun Automation Co., Ltd. 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 ¥6.40. On a fall, the stock will find some support from the short-term average at ¥5.65. 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.
Support, Risk & Stop-loss for Dalian Zhiyun Automation Co., Ltd. stock
Dalian Zhiyun Automation Co., Ltd. finds support from accumulated volume at ¥5.73 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 ¥0.300 between high and low, or 5.42%. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300097.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Dalian Zhiyun Automation Co., Ltd. to open at ¥5.73, and during the day (based on 14 day Average True Range), to move between ¥5.40 and ¥6.26, which gives a possible trading interval of +/-¥0.430 (+/-7.37%) up or down from last closing price. If Dalian Zhiyun Automation Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.73 (1.72%) than the resistance at ¥6.47 (10.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dalian Zhiyun Automation Co., Ltd. stock A Buy?
Dalian Zhiyun Automation Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.319 Sell Candidate Unchanged
Predicted Opening Price for Dalian Zhiyun Automation Co., Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥5.73 ( 1.72%) | ¥5.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300097.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.03 | 3.43% |
| R2 | 5.92 | 1.46% |
| R1 | 5.84 | 0.250% |
| Price | 5.83 | |
| S1 | 5.62 | -3.68% |
| S2 | 5.54 | -4.90% |
| S3 | 5.43 | -6.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.85 | 17.50% |
| R2 | 6.62 | 13.55% |
| R1 | 6.47 | 10.98% |
| Price | 5.83 | |
| S1 | 5.73 | -1.72% |
| S2 | 5.65 | -3.09% |
| S3 | 5.41 | -7.20% |
300097 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2018 | Jul 12, 2018 | Jul 12, 2018 | ¥0.0600 | 0.311% |
| 2 | May 17, 2017 | May 17, 2017 | May 17, 2017 | ¥0.0278 | 0.0910% |
| 3 | Nov 03, 2016 | Nov 03, 2016 | Nov 03, 2016 | ¥0.0139 | 0.0439% |
| 4 | Jun 24, 2016 | Jun 24, 2016 | Jun 24, 2016 | ¥0.0082 | 0.0267% |
| 5 | May 28, 2015 | May 28, 2015 | May 28, 2015 | ¥0.0167 | 0.0931% |
FAQ
Click here for our free guide on how to buy Dalian Zhiyun Automation Co., Ltd. Stock.
