Zhuhai Enpower Electric Holding Co Ltd Stock Forecast
Zhuhai Enpower Electric Holding Co Ltd stock price down 1.84% on Friday
(Updated on May 24, 2024)
The Zhuhai Enpower Electric Holding Co Ltd stock price fell by -1.84% on the last day (Friday, 24th May 2024) from ¥14.10 to ¥13.84. During the last trading day the stock fluctuated 6.74% from a day low at ¥13.80 to a day high of ¥14.73. The price has fallen in 6 of the last 10 days and is down by -9.31% for this period. Volume has increased on the last day by 603 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, 3 million shares were bought and sold for approximately ¥41.72 million.
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 ¥12.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.04% during the next 3 months and, with a 90% probability hold a price between ¥12.28 and ¥18.27 at the end of this 3-month period.
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300681.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.12%. 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 Zhuhai Enpower Electric Holding 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 ¥14.37 and ¥15.05. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Zhuhai Enpower Electric Holding Co Ltd stock
Zhuhai Enpower Electric Holding Co Ltd finds support from accumulated volume at ¥13.81 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 ¥0.93 between high and low, or 6.74%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: ¥13.35 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (300681.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Zhuhai Enpower Electric Holding Co Ltd to open at ¥14.12, and during the day (based on 14 day Average True Range), to move between ¥12.94 and ¥14.74, which gives a possible trading interval of +/-¥0.90 (+/-6.51%) 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 13.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.81 (0.22%) than the resistance at ¥14.26 (3.03%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.724 Hold/Accumulate Unchanged
Predicted Opening Price for Zhuhai Enpower Electric Holding Co Ltd of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
¥14.12 ( 2.05%) | ¥13.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300681.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.05 | 8.77 % | |
R2 | 14.70 | 6.20 % | ||
R1 | 14.48 | 4.61 % | ||
Current price: | 13.84 | |||
Support | S1 | 13.77 | -0.520 % | |
S2 | 13.55 | -2.11 % | ||
S3 | 13.19 | -4.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.14 | 23.84 % | |
R2 | 16.56 | 19.65 % | ||
R1 | 14.26 | 3.03 % | ||
Current price | 13.84 | |||
Support | S1 | 13.81 | -0.217% | |
S2 | 13.39 | -3.25% | ||
S3 | 12.92 | -6.65% |
300681 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.0300 | 0.217% |
2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | ¥0.0200 | 0.102% |
3 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ¥0.0600 | 0.182% |
4 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | ¥0.0263 | 0.223% |
5 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.0526 | 0.553% |
FAQ
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