Zuoli Kechuang Micro-Finance Co Ltd Stock Forecast

Red day on Friday for Zuoli Kechuang Micro-Finance Co Ltd
(Updated on May 24, 2024)

6866.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zuoli Kechuang Micro-Finance Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.331 and HK$0.331. 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 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Zuoli Kechuang Micro-Finance Co Ltd stock

Zuoli Kechuang Micro-Finance Co Ltd finds support from accumulated volume at HK$0.325 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.12%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6866.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Zuoli Kechuang Micro-Finance Company Limited to open at HK$0.330, and during the day (based on 14 day Average True Range), to move between HK$0.314 and HK$0.346, which gives a possible trading interval of +/-HK$0.0160 (+/-4.85%) up or down from last closing price. If Zuoli Kechuang Micro-Finance Company Limited takes out the full calculated possible swing range there will be an estimated 9.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$0.325 (1.52%) than the resistance at HK$0.345 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zuoli Kechuang Micro-Finance Company Limited stock A Buy?

Zuoli Kechuang Micro-Finance Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.764 Sell Candidate Unchanged

Predicted Opening Price for Zuoli Kechuang Micro-Finance Company Limited of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.