Zhejiang Dongri Limited Company Stock Forecast
Zhejiang Dongri Limited Company stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Zhejiang Dongri Limited Company stock price gained 0.799% on the last trading day (Tuesday, 25th Jun 2024), rising from $7.51 to $7.57. During the last trading day the stock fluctuated 2.68% from a day low at $7.47 to a day high of $7.67. The price has risen in 6 of the last 10 days but is still down by -0.26% for this period. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $13.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 2.24% during the next 3 months and, with a 90% probability hold a price between $7.17 and $8.84 at the end of this 3-month period.
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600113.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhejiang Dongri Limited Company 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 $7.74 and $7.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -11.36%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, October 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, October 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Zhejiang Dongri Limited Company stock
Zhejiang Dongri Limited Company finds support from accumulated volume at $7.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.200 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600113.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zhejiang Dongri Limited Company to open at $7.57, and during the day (based on 14 day Average True Range), to move between $7.33 and $7.81, which gives a possible trading interval of +/-$0.238 (+/-3.14%) up or down from last closing price. If Zhejiang Dongri Limited Company takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.37 (2.64%) than the resistance at $7.81 (3.17%), 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 Dongri Limited Company stock A Buy?
The Zhejiang Dongri Limited Company stock holds several negative signals and despite the positive trend, we believe Zhejiang Dongri Limited Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.550 Sell Candidate Downgraded
Predicted Opening Price for Zhejiang Dongri Limited Company of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$7.57 ( 0%) | $7.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600113.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.77 | 2.64% |
R2 | 7.69 | 1.63% |
R1 | 7.65 | 1.01% |
Price | 7.57 | |
S1 | 7.49 | -1.01% |
S2 | 7.45 | -1.63% |
S3 | 7.37 | -2.64% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.29 | 9.51% |
R2 | 8.05 | 6.34% |
R1 | 7.81 | 3.17% |
Price | 7.57 | |
S1 | 7.37 | -2.64% |
S2 | 7.29 | -3.70% |
S3 | 6.87 | -9.25% |
600113 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2024 | May 20, 2024 | May 20, 2024 | $0.180 | 2.26% |
2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | $0.120 | 1.62% |
3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | $0.240 | 3.22% |
4 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | $0.0250 | 0.415% |
5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | $0.0500 | 0.792% |
FAQ
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