Zhejiang grandwall electric Stock Forecast
Zhejiang grandwall electric stock price up 1.27% on Friday
(Updated on Jun 28, 2024)
The Zhejiang grandwall electric stock price gained 1.27% on the last trading day (Friday, 28th Jun 2024), rising from $17.33 to $17.55. During the last trading day the stock fluctuated 3.14% from a day low at $17.19 to a day high of $17.73. The price has been going up and down for this period, and there has been a -4.77% loss 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, 265 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $36.83 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.20% during the next 3 months and, with a 90% probability hold a price between $16.55 and $21.04 at the end of this 3-month period.
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603897.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Zhejiang grandwall electric stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.62. On a fall, the stock will find some support from the short-term average at $17.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Zhejiang grandwall electric stock
Zhejiang grandwall electric finds support from accumulated volume at $17.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.540 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603897.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zhejiang grandwall electric science&technology co.,ltd. to open at $17.49, and during the day (based on 14 day Average True Range), to move between $16.93 and $18.17, which gives a possible trading interval of +/-$0.623 (+/-3.55%) up or down from last closing price. If Zhejiang grandwall electric science&technology co.,ltd. takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.33 (1.25%) than the resistance at $19.84 (13.05%), 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 grandwall electric science&technology co.,ltd. stock A Buy?
Zhejiang grandwall electric holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.586 Sell Candidate Unchanged
Predicted Opening Price for Zhejiang grandwall electric science&technology co.,ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $17.49 ( 0.342%) | $17.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603897.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.03 | 2.74% |
| R2 | 17.82 | 1.56% |
| R1 | 17.70 | 0.83% |
| Price | 17.55 | |
| S1 | 17.28 | -1.52% |
| S2 | 17.16 | -2.24% |
| S3 | 16.95 | -3.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.44 | 22.17% |
| R2 | 21.00 | 19.66% |
| R1 | 19.84 | 13.05% |
| Price | 17.55 | |
| S1 | 17.33 | -1.25% |
| S2 | 17.14 | -2.34% |
| S3 | 17.13 | -2.39% |
603897 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | $1.50 | 8.06% |
| 2 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | $0.500 | 2.93% |
| 3 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $0.400 | 2.03% |
| 4 | Oct 18, 2022 | Oct 18, 2022 | Oct 18, 2022 | $0.200 | 0.789% |
| 5 | May 11, 2022 | May 11, 2022 | May 11, 2022 | $0.300 | 1.38% |
FAQ
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