Zhuhai Huafa Properties Co.,Ltd Stock Forecast
Zhuhai Huafa Properties Co.,Ltd stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Zhuhai Huafa Properties Co.,Ltd stock price fell by -1.52% on the last day (Friday, 28th Jun 2024) from $6.60 to $6.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.31% from a day low at $6.49 to a day high of $6.64. The price has fallen in 8 of the last 10 days and is down by -9.34% for this period. Volume has increased on the last day by 4 million 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, 24 million shares were bought and sold for approximately $154.04 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.48 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.48% during the next 3 months and, with a 90% probability hold a price between $7.03 and $9.10 at the end of this 3-month period.
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600325.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Zhuhai Huafa Properties 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 $6.68 and $7.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -19.45%. 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 Zhuhai Huafa Properties Co.,Ltd stock
Zhuhai Huafa Properties Co.,Ltd finds support from accumulated volume at $6.48 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 $0.150 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.83%.
Zhuhai Huafa Properties Co.,Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600325.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zhuhai Huafa Properties Co.,Ltd to open at $6.54, and during the day (based on 14 day Average True Range), to move between $6.26 and $6.74, which gives a possible trading interval of +/-$0.245 (+/-3.77%) up or down from last closing price. If Zhuhai Huafa Properties Co.,Ltd takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.48 (0.31%) than the resistance at $7.71 (18.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhuhai Huafa Properties Co.,Ltd stock A Buy?
The Zhuhai Huafa Properties Co.,Ltd stock holds several negative signals and despite the positive trend, we believe Zhuhai Huafa Properties Co.,Ltd 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: -1.195 Sell Candidate Downgraded
Predicted Opening Price for Zhuhai Huafa Properties Co.,Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $6.54 ( 0.667%) | $6.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600325.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.69 | 2.97% |
| R2 | 6.64 | 2.09% |
| R1 | 6.60 | 1.55% |
| Price | 6.50 | |
| S1 | 6.49 | -0.215% |
| S2 | 6.45 | -0.759% |
| S3 | 6.39 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.07 | 24.15% |
| R2 | 7.72 | 18.77% |
| R1 | 7.71 | 18.62% |
| Price | 6.50 | |
| S1 | 6.48 | -0.308% |
| S2 | 6.33 | -2.62% |
| S3 | 6.19 | -4.77% |
600325 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | $0.370 | 3.49% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | $0.460 | 6.36% |
| 3 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | $0.450 | 7.38% |
| 4 | Jul 08, 2020 | Jul 08, 2020 | Jul 08, 2020 | $0.400 | 5.24% |
| 5 | Nov 07, 2019 | Nov 07, 2019 | Nov 07, 2019 | $0.200 | 2.75% |
FAQ
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