SDIC Zhonglu Fruit Juice Co.,Ltd. Stock Forecast
SDIC Zhonglu Fruit Juice Co.,Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 21, 2024)
The SDIC Zhonglu Fruit Juice Co.,Ltd. stock price fell by -1.16% on the last day (Friday, 21st Jun 2024) from $12.12 to $11.98. During the last trading day the stock fluctuated 3.55% from a day low at $11.82 to a day high of $12.24. The price has been going up and down for this period, and there has been a 4.63% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -535 thousand shares and in total, 3 million shares were bought and sold for approximately $33.07 million.
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 30.25% during the next 3 months and, with a 90% probability hold a price between $13.96 and $16.99 at the end of this 3-month period.
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600962.SS Signals & Forecast
The SDIC Zhonglu Fruit Juice Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $12.02. On a fall, the stock will find some support from the long-term average at approximately $11.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Wednesday, June 05, 2024, and so far it has fallen -4.01%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SDIC Zhonglu Fruit Juice Co.,Ltd. stock
SDIC Zhonglu Fruit Juice Co.,Ltd. finds support from accumulated volume at $11.73 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 $0.420 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: $11.27 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (600962.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SDIC Zhonglu Fruit Juice Co.,Ltd. to open at $12.01, and during the day (based on 14 day Average True Range), to move between $11.41 and $12.55, which gives a possible trading interval of +/-$0.566 (+/-4.73%) up or down from last closing price. If SDIC Zhonglu Fruit Juice Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.08 (0.83%) than the support at $11.73 (2.09%), 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 SDIC Zhonglu Fruit Juice Co.,Ltd. stock A Buy?
SDIC Zhonglu Fruit Juice Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.133 Hold/Accumulate Downgraded
Predicted Opening Price for SDIC Zhonglu Fruit Juice Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $12.01 ( 0.278%) | $11.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600962.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.43 | 3.78% |
| R2 | 12.27 | 2.44% |
| R1 | 12.17 | 1.62% |
| Price | 11.98 | |
| S1 | 11.85 | -1.06% |
| S2 | 11.75 | -1.89% |
| S3 | 11.59 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.48 | 4.17% |
| R2 | 12.31 | 2.75% |
| R1 | 12.08 | 0.83% |
| Price | 11.98 | |
| S1 | 11.73 | -2.09% |
| S2 | 11.12 | -7.18% |
| S3 | 10.21 | -14.77% |
600962 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2013 | May 28, 2013 | May 28, 2013 | $0.0500 | 0.704% |
| 2 | Jul 11, 2012 | Jul 11, 2012 | Jul 11, 2012 | $0.0500 | 0.624% |
| 3 | Jul 07, 2009 | Jul 07, 2009 | Jul 07, 2009 | $0.0769 | 0.84% |
| 4 | Jun 05, 2008 | Jun 05, 2008 | Jun 05, 2008 | $0.154 | 0.85% |
| 5 | Jun 26, 2006 | Jun 26, 2006 | Jun 26, 2006 | $0.154 | 3.53% |
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