Jiangsu Zhongtian Technology Co., Ltd. Stock Forecast
Jiangsu Zhongtian Technology Co., Ltd. stock price ended at $15.81 on Friday, after gaining 1.22%.
(Updated on Jun 21, 2024)
The Jiangsu Zhongtian Technology Co., Ltd. stock price gained 1.22% on the last trading day (Friday, 21st Jun 2024), rising from $15.62 to $15.81. During the last trading day the stock fluctuated 2.65% from a day low at $15.49 to a day high of $15.90. The price has risen in 8 of the last 10 days and is up by 9.56% over the past 2 weeks. Volume fell on the last day by -18 million shares and in total, 48 million shares were bought and sold for approximately $760.51 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 strong 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 14.15% during the next 3 months and, with a 90% probability hold a price between $15.92 and $19.22 at the end of this 3-month period.
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600522.SS Signals & Forecast
The Jiangsu Zhongtian Technology 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 $15.34 and $14.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 26.18%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jiangsu Zhongtian Technology Co., Ltd. stock
Jiangsu Zhongtian Technology Co., Ltd. finds support from accumulated volume at $15.34 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 $0.410 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: $15.30 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (600522.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Jiangsu Zhongtian Technology Co., Ltd. to open at $15.73, and during the day (based on 14 day Average True Range), to move between $15.33 and $16.29, which gives a possible trading interval of +/-$0.480 (+/-3.03%) up or down from last closing price. If Jiangsu Zhongtian Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.34, some $0.470 (2.97%) from the current price of $15.81, our system finds the risk reward attractive.
Is Jiangsu Zhongtian Technology 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 Jiangsu Zhongtian Technology Co., Ltd. stock to perform well in the short-term.
Current score: 4.222 Buy Candidate Unchanged
Predicted Opening Price for Jiangsu Zhongtian Technology Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $15.73 ( 0.485%) | $15.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600522.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.14 | 2.11% |
| R2 | 15.99 | 1.12% |
| R1 | 15.89 | 0.506% |
| Price | 15.81 | |
| S1 | 15.58 | -1.48% |
| S2 | 15.48 | -2.09% |
| S3 | 15.32 | -3.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.81 | |
| S1 | 15.34 | -2.97% |
| S2 | 15.01 | -5.06% |
| S3 | 12.56 | -20.56% |
600522 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2023 | Aug 04, 2023 | Aug 04, 2023 | $0.100 | 0.649% |
| 2 | Aug 05, 2022 | Aug 05, 2022 | Aug 05, 2022 | $0.100 | 0.445% |
| 3 | May 10, 2021 | May 10, 2021 | May 10, 2021 | $0.100 | 1.00% |
| 4 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | $0.100 | 0.85% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | $0.100 | 1.12% |
FAQ
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