China Southern Airlines Company Ltd (ADR) Forecast and Stock Analysis
Technical ZNH stock analysis for February 14, 2019.
|Shorts||1.04% ( 2019-01-31 )|
No changes to the price of China Southern Airlines Company Ltd (ADR) in the last trading day. The price has fallen in 6 of the last 10 days and is down by -0.64% for this period.
Close price at the end of the last trading day (Thursday, 14th Feb 2019) of the ZNH stock was $35.64.
During day the stock fluctuated 0.00% from a day low at $35.64 to a day high of $35.64.
30 day high of the ZNH stock price was $36.00 and low was $33.23.
90 day high was $36.47 and low was $29.04.
52 week high for the China Southern Airlines Company Ltd (ADR) - $70.52 and low - $25.45.
China Southern Airlines Company Ltd (ADR) lies in the middle of a wide and weak 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 5.04% during the next 3 months and, with 90% probability hold a price between $31.50 and $39.17 at the end of this period.
China Southern Airlines Company Ltd (ADR) holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $34.91 and $33.47. A break down below any of these levels will issue sell signals. 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 Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
China Southern Airlines Company Ltd (ADR) finds support from accumulated volume at $35.39.
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 $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.95%.
Our recommended stoploss: $34.26 (-3.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
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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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.