ZTO Express (Cayman) Inc. American Stock Forecast

ZTO Express (Cayman) Inc. American stock price ended at $20.00 on Thursday, after gaining 3.57%.
(Updated on Apr 18, 2024)

ZTO Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZTO Express (Cayman) Inc. American stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $20.75. On a fall, the stock will find some support from the short-term average at $19.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -11.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ZTO Express (Cayman) Inc. American stock

ZTO Express (Cayman) Inc. American finds support from accumulated volume at $19.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.350 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZTO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. to open at $19.89, and during the day (based on 14 day Average True Range), to move between $19.40 and $20.60, which gives a possible trading interval of +/-$0.602 (+/-3.01%) 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 6.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.45 (2.25%) than the support at $19.31 (3.45%), 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?

The ZTO Express (Cayman) Inc. American stock holds several negative signals and despite the positive trend, we believe ZTO Express (Cayman) Inc. American will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.107 Sell Candidate Unchanged

Predicted Opening Price for ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.