ZZ Capital International Limited Stock Forecast

Volatile ride for ZZ Capital International Limited stock price on Friday moving between HK$0.0400 and HK$0.0460
(Updated on May 10, 2024)

8295.HK Signals & Forecast

There are few to no technical positive signals at the moment. The ZZ Capital International 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$0.0444 and HK$0.0475. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -27.59%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ZZ Capital International Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0380 and HK$0.0370. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ZZ Capital International Limited finds support just below today's level at HK$0.0380. If this is broken, then the next support from accumulated volume will be at HK$0.0370 and HK$0.0350.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0060 between high and low, or 15.00%. For the last week the stock has had daily average volatility of 12.62%.

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

Trading Expectations (8295.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect ZZ Capital International Limited to open at HK$0.0427, and during the day (based on 14 day Average True Range), to move between HK$0.0358 and HK$0.0482, which gives a possible trading interval of +/-HK$0.0062 (+/-14.85%) up or down from last closing price. If ZZ Capital International Limited takes out the full calculated possible swing range there will be an estimated 29.70% 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$0.0430 (2.38%) than the support at HK$0.0380 (9.52%), 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 ZZ Capital International Limited stock A Buy?

The ZZ Capital International Limited stock holds several negative signals and despite the positive trend, we believe ZZ Capital International Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Strong Sell candidate.

Current score: -6.394 Strong Sell Candidate Downgraded

Predicted Opening Price for ZZ Capital International Limited of Monday, May 13, 2024

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