ZNH Forecast and Technical Stock AnalysisHold candidate since 2019-07-12
China Southern Airlines Company Ltd (ADR) fell by -0.26% in the last day ( Friday, 12th Jul 2019 ) from $34.06 to $33.97 and has now fallen 3 days in a row. During day the stock fluctuated 0.47% from a day low at $33.87 to a day high of $34.03. The price has fallen in 6 of the last 10 days and is down by -0.21% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 658 shares and in total 21 114 shares bought and sold for approximately $717 243.00.
- 30 day high of the ZNH stock price was $36.43 and low was $31.52.
- 90 day high was $47.31 and low was $31.16.
- 52 week high for the China Southern Airlines Company Ltd (ADR) - $52.34 and low - $25.45.
China Southern Airlines Company Ltd (ADR) lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $36.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.56% during the next 3 months and, with 90% probability hold a price between $18.90 and $27.16 at the end of this period.
China Southern Airlines Company Ltd (ADR) holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $34.87. On a fall, the stock will find some support from the long-term average at approximately $33.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday July 02, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 45 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
China Southern Airlines Company Ltd (ADR) finds support from accumulated volume at $33.05.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.16 between high and low, or 0.47%. For the last week the stock has had a daily average volatility of 1.19%.
Our recommended stoploss: $31.86 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 7 days ago.)
1.19 %Average volatility
Very Low Low Medium High Very High
China Southern Airlines Company Ltd (ADR) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|ZNH $33.97 ($-0.09 -0.26%)|
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