Shanghai Jinqiao Export Processing Zone Stock Forecast
Red day on Thursday for Shanghai Jinqiao Export Processing Zone
(Updated on Jun 20, 2024)
The Shanghai Jinqiao Export Processing Zone stock price fell by -1.44% on the last day (Thursday, 20th Jun 2024) from $0.90 to $0.89. During the last trading day the stock fluctuated 1.35% from a day low at $0.89 to a day high of $0.90. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. Volume has increased on the last day by 120 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, 238 thousand shares were bought and sold for approximately $211.26 thousand.
The stock lies in the middle of a 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 -2.09% during the next 3 months and, with a 90% probability hold a price between $0.85 and $0.92 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
900911.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanghai Jinqiao Export Processing Zone 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 $0.90 and $0.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Shanghai Jinqiao Export Processing Zone 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 Shanghai Jinqiao Export Processing Zone stock
Shanghai Jinqiao Export Processing Zone finds support from accumulated volume at $0.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0120 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (900911.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Shanghai Jinqiao Export Processing Zone Development Co.,Ltd to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.87 and $0.90, which gives a possible trading interval of +/-$0.0154 (+/-1.74%) up or down from last closing price. If Shanghai Jinqiao Export Processing Zone Development Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.87 (1.80%) than the resistance at $0.93 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Jinqiao Export Processing Zone Development Co.,Ltd stock A Buy?
Shanghai Jinqiao Export Processing Zone holds several negative signals and is within a 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: -2.549 Sell Candidate Unchanged
Predicted Opening Price for Shanghai Jinqiao Export Processing Zone Development Co.,Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.89 ( 0.450%) | $0.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 900911.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.90 | 1.80% |
| R2 | 0.90 | 1.29% |
| R1 | 0.90 | 0.97% |
| Price | 0.89 | |
| S1 | 0.89 | -0.0658% |
| S2 | 0.88 | -0.385% |
| S3 | 0.88 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.95 | 6.42% |
| R2 | 0.94 | 5.86% |
| R1 | 0.93 | 4.50% |
| Price | 0.89 | |
| S1 | 0.87 | -1.80% |
| S2 | 0 | - |
| S3 | 0 | - |
900911 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | $0.0707 | 7.67% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | $0.0745 | 7.82% |
| 3 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | $0.0470 | 4.94% |
| 4 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | $0.0435 | 4.10% |
| 5 | Jul 24, 2019 | Jul 24, 2019 | Jul 24, 2019 | $0.0437 | 3.80% |
FAQ
Click here for our free guide on how to buy Shanghai Jinqiao Export Processing Zone Development Co.,Ltd Stock.
