ZTO Forecast and Technical Stock AnalysisHold candidate since 2019-07-16 Loss -1.41%
ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. fell by -0.26% in the last day ( Thursday, 18th Jul 2019 ) from $19.56 to $19.51 and has now fallen 4 days in a row. During day the stock fluctuated 1.19% from a day low at $19.40 to a day high of $19.63. The price has been going up and down for this period, and there has been a -0.86% loss for the last 2 weeks. 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 -56 435 shares and in total 881 916 shares bought and sold for approximately $17.21 million.
- 30 day high of the ZTO stock price was $19.98 and low was $18.61.
- 90 day high was $20.05 and low was $17.12.
- 52 week high for the ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. - $22.02 and low - $14.69.
ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. with 90% probability to be traded between $17.60 and $20.49 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. 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 $19.72. On a fall, the stock will find some support from the long-term average at approximately $18.92. 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 Monday July 08, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 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
ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. finds support from accumulated volume at $19.20.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.23 (1.19%) between high and low. For the last week, the stock has had a daily average volatility of 1.04%.
Our recommended stoploss: $18.62 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 8 days ago.)
1.04 %Average volatility
Very Low Low Medium High Very High
ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. 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.
|ZTO $19.51 ($-0.05 -0.26%)|
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