Zhejiang Windey Co Ltd Stock Forecast
Zhejiang Windey Co Ltd stock price ended at ¥9.33 on Tuesday, after losing 2.71%.
(Updated on Jun 25, 2024)
The Zhejiang Windey Co Ltd stock price fell by -2.71% on the last day (Tuesday, 25th Jun 2024) from ¥9.59 to ¥9.33. During the last trading day the stock fluctuated 5.30% from a day low at ¥9.25 to a day high of ¥9.74. The price has risen in 6 of the last 10 days but is still down by -6.98% for this period. Volume has increased on the last day by 97 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, 6 million shares were bought and sold for approximately ¥58.09 million.
Given the current short-term trend, the stock is expected to rise 14.14% during the next 3 months and, with a 90% probability hold a price between ¥10.65 and ¥12.98 at the end of this 3-month period.
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300772.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Zhejiang Windey 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 ¥9.93 and ¥10.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -15.57%. Further fall is indicated until a new bottom pivot has been found. 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 Zhejiang Windey Co Ltd stock
Zhejiang Windey Co Ltd finds support from accumulated volume at ¥9.30 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 ¥0.490 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300772.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zhejiang Windey Co Ltd to open at ¥9.44, and during the day (based on 14 day Average True Range), to move between ¥8.87 and ¥9.79, which gives a possible trading interval of +/-¥0.457 (+/-4.90%) up or down from last closing price. If Zhejiang Windey Co Ltd takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.30 (0.32%) than the resistance at ¥9.67 (3.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhejiang Windey Co Ltd stock A Buy?
The Zhejiang Windey Co Ltd stock holds several negative signals and despite the positive trend, we believe Zhejiang Windey Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.281 Sell Candidate Unchanged
Predicted Opening Price for Zhejiang Windey Co Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥9.44 ( 1.18%) | ¥9.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300772.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.93 | 6.43% |
| R2 | 9.74 | 4.42% |
| R1 | 9.63 | 3.19% |
| Price | 9.33 | |
| S1 | 9.25 | -0.83% |
| S2 | 9.14 | -2.07% |
| S3 | 8.95 | -4.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.54 | 12.97% |
| R2 | 10.26 | 9.97% |
| R1 | 9.67 | 3.64% |
| Price | 9.33 | |
| S1 | 9.30 | -0.322% |
| S2 | 9.05 | -3.00% |
| S3 | 8.91 | -4.50% |
300772 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.100 | 0.758% |
| 2 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | ¥0.222 | 1.24% |
| 3 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.0834 | 1.05% |
FAQ
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