Zhuzhou CRRC Times Electric Co., Ltd. Stock Forecast
Zhuzhou CRRC Times Electric Co., Ltd. stock price ended at HK$31.90 on Friday, after gaining 1.59%.
(Updated on May 17, 2024)
The Zhuzhou CRRC Times Electric Co., Ltd. stock price gained 1.59% on the last trading day (Friday, 17th May 2024), rising from HK$31.40 to HK$31.90. During the last trading day the stock fluctuated 3.06% from a day low at HK$31.05 to a day high of HK$32.00. The price has been going up and down for this period, and there has been a 11.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 413 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately HK$166.50 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$32.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 41.48% during the next 3 months and, with a 90% probability hold a price between HK$40.93 and HK$45.80 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.
3898.HK Signals & Forecast
The Zhuzhou CRRC Times Electric Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$31.01 and HK$28.43. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.468%. 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).
Support, Risk & Stop-loss for Zhuzhou CRRC Times Electric Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$25.55 and HK$25.45. 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, Zhuzhou CRRC Times Electric Co., Ltd. finds support just below today's level at HK$25.55. If this is broken, then the next support from accumulated volume will be at HK$25.45 and HK$24.30.
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 HK$0.95 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: HK$30.66 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (3898.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhuzhou CRRC Times Electric Co., Ltd. to open at HK$31.65, and during the day (based on 14 day Average True Range), to move between HK$30.65 and HK$33.15, which gives a possible trading interval of +/-HK$1.25 (+/-3.90%) up or down from last closing price. If Zhuzhou CRRC Times Electric Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$32.00 (0.31%) than the support at HK$25.55 (19.91%), 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 Zhuzhou CRRC Times Electric Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zhuzhou CRRC Times Electric Co., Ltd. stock to perform well in the short-term.
Current score: 2.650 Buy Candidate Unchanged
Predicted Opening Price for Zhuzhou CRRC Times Electric Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$31.65 ( 0.784%) | HK$31.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3898.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.60 | 2.19 % | |
| R2 | 32.24 | 1.06 % | ||
| R1 | 32.01 | 0.354 % | ||
| Current price: | 31.90 | |||
| Support | S1 | 31.29 | -1.92 % | |
| S2 | 31.06 | -2.62 % | ||
| S3 | 30.70 | -3.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 32.05 | 0.470 % | ||
| R1 | 32.00 | 0.313 % | ||
| Current price | 31.90 | |||
| Support | S1 | 25.55 | -19.91% | |
| S2 | 25.45 | -20.22% | ||
| S3 | 24.30 | -23.82% |
3898 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | HK$0.601 | 2.10% |
| 2 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | HK$0.525 | 1.59% |
| 3 | Nov 11, 2021 | Nov 11, 2021 | Nov 11, 2021 | HK$0.547 | 1.18% |
| 4 | Mar 27, 2020 | Jun 29, 2020 | Aug 07, 2020 | HK$0.492 | 1.73% |
| 5 | Mar 26, 2019 | Jun 24, 2019 | Aug 06, 2019 | HK$0.511 | 1.50% |
FAQ
Click here for our free guide on how to buy Zhuzhou CRRC Times Electric Co., Ltd. Stock.
