Ziyuanyuan Holdings Group Limited Stock Forecast
Red day on Thursday for Ziyuanyuan Holdings Group Limited stock after losing 1.56%
(Updated on Jun 20, 2024)
The Ziyuanyuan Holdings Group Limited stock price fell by -1.56% on the last day (Thursday, 20th Jun 2024) from HK$1.28 to HK$1.26. During the last trading day the stock fluctuated 8.20% from a day low at HK$1.22 to a day high of HK$1.32. The price has fallen in 6 of the last 10 days and is down by -1.56% for this period. Volume has increased on the last day by 72 thousand 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, 124 thousand shares were bought and sold for approximately HK$156.24 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.15% during the next 3 months and, with a 90% probability hold a price between HK$0.739 and HK$1.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8223.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ziyuanyuan Holdings Group Limited 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 HK$1.29 and HK$1.43. A break-up above any of these levels will issue buy signals. Ziyuanyuan Holdings Group Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ziyuanyuan Holdings Group Limited stock
Ziyuanyuan Holdings Group Limited finds support from accumulated volume at HK$1.23 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 HK$0.100 between high and low, or 8.20%. For the last week, the stock has had daily average volatility of 13.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8223.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Ziyuanyuan Holdings Group Limited to open at HK$1.27, and during the day (based on 14 day Average True Range), to move between HK$1.07 and HK$1.45, which gives a possible trading interval of +/-HK$0.191 (+/-15.12%) up or down from last closing price. If Ziyuanyuan Holdings Group Limited takes out the full calculated possible swing range there will be an estimated 30.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$1.28 (1.59%) than the support at HK$1.23 (2.38%), 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 Ziyuanyuan Holdings Group Limited stock A Buy?
Ziyuanyuan Holdings Group Limited 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: -2.743 Sell Candidate Unchanged
Predicted Opening Price for Ziyuanyuan Holdings Group Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$1.27 ( 0.529%) | HK$1.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8223.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.37 | 8.47% |
| R2 | 1.33 | 5.43% |
| R1 | 1.30 | 3.56% |
| Price | 1.26 | |
| S1 | 1.23 | -2.50% |
| S2 | 1.20 | -4.38% |
| S3 | 1.17 | -7.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.56 | 23.81% |
| R2 | 1.43 | 13.49% |
| R1 | 1.28 | 1.59% |
| Price | 1.26 | |
| S1 | 1.23 | -2.38% |
| S2 | 1.21 | -3.97% |
| S3 | 1.17 | -7.14% |
8223 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.0250 | 1.56% |
| 2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.0250 | 1.15% |
| 3 | May 13, 2021 | May 13, 2021 | May 13, 2021 | HK$0.0250 | 2.19% |
| 4 | Mar 23, 2020 | May 28, 2020 | Jun 29, 2020 | HK$0.0300 | 2.73% |
FAQ
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