Guangdong Zhengye Technology Co., Ltd. Stock Forecast
High volatility in Guangdong Zhengye Technology Co., Ltd. stock price on Friday which ended trading at ¥5.12
(Updated on Jun 28, 2024)
The Guangdong Zhengye Technology Co., Ltd. stock price gained 1.39% on the last trading day (Friday, 28th Jun 2024), rising from ¥5.05 to ¥5.12. During the last trading day the stock fluctuated 10.66% from a day low at ¥4.88 to a day high of ¥5.40. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 22 million shares were bought and sold for approximately ¥115.04 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.42% during the next 3 months and, with a 90% probability hold a price between ¥3.83 and ¥6.71 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 10.58%. 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 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 Guangdong Zhengye Technology 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 ¥5.68. On a fall, the stock will find some support from the short-term average at ¥4.99. 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 Guangdong Zhengye Technology Co., Ltd. stock
Guangdong Zhengye Technology Co., Ltd. finds support from accumulated volume at ¥5.02 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 ¥0.520 between high and low, or 10.66%. For the last week, the stock has had daily average volatility of 8.31%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Zhengye Technology Co., Ltd. to open at ¥5.13, and during the day (based on 14 day Average True Range), to move between ¥4.57 and ¥5.67, which gives a possible trading interval of +/-¥0.554 (+/-10.83%) 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 21.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.15 (0.59%) than the support at ¥5.02 (1.95%), 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 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: -2.450 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Zhengye Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥5.13 ( 0.260%) | ¥5.12 |
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 | 5.65 | 10.42% |
| R2 | 5.45 | 6.54% |
| R1 | 5.33 | 4.14% |
| Price | 5.12 | |
| S1 | 4.93 | -3.62% |
| S2 | 4.81 | -6.02% |
| S3 | 4.61 | -9.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.39 | 24.80% |
| R2 | 6.10 | 19.14% |
| R1 | 5.15 | 0.586% |
| Price | 5.12 | |
| S1 | 5.02 | -1.95% |
| S2 | 4.88 | -4.69% |
| S3 | 4.63 | -9.57% |
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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