Zhuhai Enpower Electric Holding Co Ltd Stock Forecast

Zhuhai Enpower Electric Holding Co Ltd stock price up 2.91% on Monday
(Updated on May 06, 2024)

300681.SZ Signals & Forecast

There are mixed signals in the stock today. The Zhuhai Enpower Electric Holding 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 ¥15.92. On a fall, the stock will find some support from the short-term average at ¥15.08. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -19.12%. Further fall is indicated until a new bottom 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. The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Zhuhai Enpower Electric Holding Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥14.42 and ¥14.26. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zhuhai Enpower Electric Holding Co Ltd finds support just below today's level at ¥14.42. If this is broken, then the next support from accumulated volume will be at ¥14.26 and ¥11.92.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.540 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 6.30%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300681.SZ) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Zhuhai Enpower Electric Holding Co Ltd to open at ¥15.54, and during the day (based on 14 day Average True Range), to move between ¥14.36 and ¥16.78, which gives a possible trading interval of +/-¥1.21 (+/-7.74%) up or down from last closing price. If Zhuhai Enpower Electric Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 15.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥14.42 (7.39%) than the resistance at ¥17.90 (14.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zhuhai Enpower Electric Holding Co Ltd stock A Buy?

Zhuhai Enpower Electric Holding 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: -2.829 Sell Candidate Unchanged

Predicted Opening Price for Zhuhai Enpower Electric Holding Co Ltd of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.