Anhui Zhonghuan Environmntl Protctn Tec Stock Forecast
Red day on Friday for Anhui Zhonghuan Environmntl Protctn Tec stock after losing 0.370%
(Updated on May 17, 2024)
The Anhui Zhonghuan Environmntl Protctn Tec stock price fell by -0.370% on the last day (Friday, 17th May 2024) from ¥5.41 to ¥5.39. During the last trading day the stock fluctuated 8.70% from a day low at ¥5.29 to a day high of ¥5.75. The price has fallen in 5 of the last 10 days but is still up by 2.47% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -388 thousand shares and in total, 5 million shares were bought and sold for approximately ¥27.30 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.28% during the next 3 months and, with a 90% probability hold a price between ¥4.82 and ¥5.97 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300692.SZ Signals & Forecast
The Anhui Zhonghuan Environmntl Protctn Tec stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥5.50. On a fall, the stock will find some support from the long-term average at approximately ¥5.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -6.42%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Anhui Zhonghuan Environmntl Protctn Tec stock
Anhui Zhonghuan Environmntl Protctn Tec finds support from accumulated volume at ¥5.31 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 ¥0.460 between high and low, or 8.70%. For the last week, the stock has had daily average volatility of 7.69%.
Our recommended stop-loss: ¥5.09 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (300692.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Anhui Zhonghuan Environmntl Protctn Tec to open at ¥5.48, and during the day (based on 14 day Average True Range), to move between ¥5.04 and ¥5.74, which gives a possible trading interval of +/-¥0.349 (+/-6.47%) 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 12.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.31 (1.48%) than the resistance at ¥5.48 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anhui Zhonghuan Environmntl Protctn Tec stock A Buy?
Anhui Zhonghuan Environmntl Protctn Tec holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.139 Hold/Accumulate Unchanged
Predicted Opening Price for Anhui Zhonghuan Environmntl Protctn Tec of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥5.48 ( 1.61%) | ¥5.39 |
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 | 5.94 | 10.14 % | |
R2 | 5.76 | 6.88 % | ||
R1 | 5.65 | 4.87 % | ||
Current price: | 5.39 | |||
Support | S1 | 5.30 | -1.65 % | |
S2 | 5.19 | -3.67 % | ||
S3 | 5.02 | -6.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.76 | 6.86 % | |
R2 | 5.69 | 5.57 % | ||
R1 | 5.48 | 1.67 % | ||
Current price | 5.39 | |||
Support | S1 | 5.31 | -1.48% | |
S2 | 5.20 | -3.53% | ||
S3 | 5.18 | -3.90% |
300692 Dividend Payout History
# | 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
Click here for our free guide on how to buy Anhui Zhonghuan Environmntl Protctn Tec Stock.