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AI Analysis of 300692.SZ
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Stronger technical forecast for Anhui Zhonghuan Environmntl Protctn Tec stock price after Monday trading.
(Updated on May 06, 2024)

Buy candidate since May 06, 2024 PDF

The Anhui Zhonghuan Environmntl Protctn Tec stock price gained 2.66% on the last trading day (Monday, 6th May 2024), rising from ¥5.26 to ¥5.40. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.38% from a day low at ¥5.20 to a day high of ¥5.48. The price has risen in 6 of the last 10 days and is up by 8.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ¥33.88 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥5.60 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Anhui Zhonghuan Environmntl Protctn Tec stock with a 90% probability to be traded between ¥4.68 and ¥5.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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300692.SZ Signals & Forecast

The Anhui Zhonghuan Environmntl Protctn Tec stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥5.10 and ¥5.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 17.39%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Anhui Zhonghuan Environmntl Protctn Tec stock

Anhui Zhonghuan Environmntl Protctn Tec finds support from accumulated volume at ¥5.20 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 ¥0.280 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 4.44%.

Our recommended stop-loss: ¥5.19 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (300692.SZ) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Anhui Zhonghuan Environmntl Protctn Tec to open at ¥5.36, and during the day (based on 14 day Average True Range), to move between ¥5.13 and ¥5.67, which gives a possible trading interval of +/-¥0.273 (+/-5.06%) up or down from last closing price. If Anhui Zhonghuan Environmntl Protctn Tec takes out the full calculated possible swing range there will be an estimated 10.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥5.41 (0.19%) than the support at ¥5.20 (3.70%), 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 Anhui Zhonghuan Environmntl Protctn Tec stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Anhui Zhonghuan Environmntl Protctn Tec stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.895 Buy Candidate Upgraded

Predicted Opening Price for Anhui Zhonghuan Environmntl Protctn Tec of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
¥5.36 ( 0.741%) ¥5.40

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

Trading levels for 300692.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.64 4.44 %
R2 5.53 2.46 %
R1 5.47 1.24 %
Current price: 5.40
Support S1 5.25 -2.72 %
S2 5.19 -3.95 %
S3 5.08 -5.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.57 3.15 %
R2 5.45 0.93 %
R1 5.41 0.185 %
Current price 5.40
Support S1 5.20 -3.70%
S2 5.18 -4.07%
S3 4.48 -17.04%

300692 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 21, 2023 Jun 21, 2023 Jun 21, 2023 ¥0.0500 0.719%
2 Apr 01, 2022 Apr 01, 2022 Apr 01, 2022 ¥0.0500 0.631%
3 May 12, 2021 May 12, 2021 May 12, 2021 ¥0.0421 0.504%
4 Jul 07, 2020 Jul 07, 2020 Jul 07, 2020 ¥0.0316 0.452%
5 Apr 23, 2019 Apr 23, 2019 Apr 23, 2019 ¥0.0211 0.277%

FAQ

What is the symbol for Anhui Zhonghuan Environmntl Protctn Tec Stock and on which exchange is it traded?
The symbol for Anhui Zhonghuan Environmntl Protctn Tec is 300692.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Anhui Zhonghuan Environmntl Protctn Tec Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Anhui Zhonghuan Environmntl Protctn Tec stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Anhui Zhonghuan Environmntl Protctn Tec Stock?
Anhui Zhonghuan Environmntl Protctn Tec Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Anhui Zhonghuan Environmntl Protctn Tec Stock.

What's the current price of Anhui Zhonghuan Environmntl Protctn Tec Stock?
As of the end of day on the May 06, 2024, the price of an Anhui Zhonghuan Environmntl Protctn Tec (300692.SZ) share was ¥5.40.

What is the 52-week high and low for Anhui Zhonghuan Environmntl Protctn Tec Stock?
The 52-week high for Anhui Zhonghuan Environmntl Protctn Tec Stock is ¥52.38 and the 52-week low is ¥33.26.

What is the market capitalization of Anhui Zhonghuan Environmntl Protctn Tec Stock?
As of the May 06, 2024, the market capitalization of Anhui Zhonghuan Environmntl Protctn Tec is 2.277B.

When is the next earnings date for Anhui Zhonghuan Environmntl Protctn Tec?
The upcoming earnings date for Anhui Zhonghuan Environmntl Protctn Tec is May 15, 2024.
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About Anhui Zhonghuan Environmntl Protctn Tec

Anhui Zhonghuan Environmental Protection Technology Co., Ltd. engages in the water treatment and water environment treatment, waste incineration power generation, solid waste treatment, and other environmental protection businesses in China. It offers services, including sludge treatment, urban and rural sewage treatment, ecological restoration of rivers and lakes, river basin treatment, and black and odorous water treatment. The company was foun... 300692.SZ Profile

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