Guangdong Zhengye Technology Co., Ltd. Stock Forecast
Guangdong Zhengye Technology Co., Ltd. stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
No changes to the price of Guangdong Zhengye Technology Co., Ltd. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 3.80% from a day low at ¥4.74 to a day high of ¥4.92. The price has fallen in 4 of the last 10 days and is down by -1.43% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥4.41 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.15% during the next 3 months and, with a 90% probability hold a price between ¥4.01 and ¥6.88 at the end of this 3-month period.
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300410.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 3.89%. 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. The Guangdong Zhengye Technology Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥5.03 and ¥5.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Guangdong Zhengye Technology Co., Ltd. stock
Guangdong Zhengye Technology Co., Ltd. finds support from accumulated volume at ¥4.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.180 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 4.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300410.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Guangdong Zhengye Technology Co., Ltd. to open at ¥4.82, and during the day (based on 14 day Average True Range), to move between ¥4.25 and ¥5.37, which gives a possible trading interval of +/-¥0.557 (+/-11.58%) up or down from last closing price. If Guangdong Zhengye Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 23.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.88 (1.46%) than the support at ¥4.63 (3.74%), 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 Guangdong Zhengye Technology Co., Ltd. stock A Buy?
Guangdong Zhengye Technology Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.548 Strong Sell Candidate Downgraded
Predicted Opening Price for Guangdong Zhengye Technology Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥4.82 ( 0.277%) | ¥4.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300410.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.00 | 4.02% |
| R2 | 4.93 | 2.59% |
| R1 | 4.89 | 1.71% |
| Price | 4.81 | |
| S1 | 4.75 | -1.15% |
| S2 | 4.71 | -2.04% |
| S3 | 4.64 | -3.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.68 | 18.09% |
| R2 | 5.15 | 7.07% |
| R1 | 4.88 | 1.46% |
| Price | 4.81 | |
| S1 | 4.63 | -3.74% |
| S2 | 0 | - |
| S3 | 0 | - |
300410 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.210 | 2.03% |
| 2 | May 25, 2018 | May 25, 2018 | May 25, 2018 | ¥0.0535 | 0.363% |
| 3 | Jun 27, 2017 | Jun 27, 2017 | Jun 27, 2017 | ¥0.0367 | 0.191% |
| 4 | Apr 21, 2016 | Apr 21, 2016 | Apr 21, 2016 | ¥0.0199 | 0.103% |
| 5 | Jun 05, 2015 | Jun 05, 2015 | Jun 05, 2015 | ¥0.0126 | 0.0703% |
FAQ
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