ZTO Express (Cayman) Inc. American Stock Forecast
ZTO Express (Cayman) Inc. American stock price ended at $21.61 on Friday, after gaining 1.89%.
(Updated on Apr 26, 2024)
The ZTO Express (Cayman) Inc. American stock price gained 1.89% on the last trading day (Friday, 26th Apr 2024), rising from $21.21 to $21.61. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.72% from a day low at $21.55 to a day high of $21.92. The price has risen in 7 of the last 10 days and is up by 12.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $59.43 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.89% during the next 3 months and, with a 90% probability hold a price between $23.92 and $29.47 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.
ZTO Signals & Forecast
The ZTO Express (Cayman) Inc. American stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.60 and $20.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -4.42%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ZTO Express (Cayman) Inc. American stock
On the downside, the stock finds support just below today's level from accumulated volume at $20.45 and $20.10. 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, ZTO Express (Cayman) Inc. American finds support just below today's level at $20.45. If this is broken, then the next support from accumulated volume will be at $20.10 and $20.05.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.370 between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $20.67 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (ZTO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. to open at $21.69, and during the day (based on 14 day Average True Range), to move between $21.03 and $22.19, which gives a possible trading interval of +/-$0.577 (+/-2.67%) up or down from last closing price. If ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.67 (0.28%) than the support at $20.45 (5.37%), 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 ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. stock A Buy?
ZTO Express (Cayman) Inc. American holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.801 Hold/Accumulate Unchanged
Predicted Opening Price for ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $21.69 ( 0.386%) | $21.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZTO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.06 | 2.10 % | |
| R2 | 21.92 | 1.44 % | ||
| R1 | 21.83 | 1.04 % | ||
| Current price: | 21.61 | |||
| Support | S1 | 21.55 | -0.268 % | |
| S2 | 21.46 | -0.672 % | ||
| S3 | 21.32 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.61 | 4.63 % | |
| R2 | 22.04 | 1.99 % | ||
| R1 | 21.67 | 0.278 % | ||
| Current price | 21.61 | |||
| Support | S1 | 20.45 | -5.37% | |
| S2 | 20.10 | -6.99% | ||
| S3 | 20.05 | -7.22% |
ZTO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 09, 2024 | Apr 29, 2024 | $0.610 | 2.82% |
| 2 | Mar 16, 2023 | Apr 05, 2023 | Apr 28, 2023 | $0.370 | 1.34% |
| 3 | Mar 22, 2022 | Apr 07, 2022 | Apr 26, 2022 | $0.250 | 1.04% |
| 4 | Mar 24, 2021 | Apr 07, 2021 | Apr 22, 2021 | $0.250 | 0.80% |
| 5 | Mar 18, 2020 | Apr 07, 2020 | Apr 20, 2020 | $0.300 | 1.05% |
FAQ
Click here for our free guide on how to buy ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. Stock.
