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ZNH - China Southern Airlines Company Ltd (ADR)

ZNH - China Southern Airlines Company Ltd (ADR)


Tue 06'th Mar 2018

PERIOD 2017-12-07 - 2018-03-06
CHANGE -0.92%
PRICE $63.63






China Southern Airlines Company Ltd (ADR) Stock Analysis

Technical stock analysis for Tue 06'th Mar 2018

Buy candidate since 2018-03-02 Loss -0.58%

China Southern Airlines Company Ltd (ADR) fell by -0.92% in the last day from $64.22 to $63.63 The price has risen in 6 of the last 10 days and is up by 3.36% over the past 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 -18 490 shares and in total 27 051 shares bought and sold for approximately $1.72 million.

Shorts 0.90% ( 2018-02-15 )
Cash 2 932.6 mill
Loans 42 252.8 mill
Beta 1.27
ROA 2.67


China Southern Airlines Company Ltd (ADR) 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 35.41% during the next 3 months and, with 90% probability hold a price between $81.94 and $99.04 at the end of this period.

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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 $65.46. On a fall, the stock will find some support from the long-term average at approximately $61.33. 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 February 26, 2018, 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.

The stock had a Golden Star Signal* on Friday August 25, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $55.00 and $53.95. On the upside the stock meets some resistance just above today's level from accumulated volume at $65.67, $65.85 and $66.66.

There is 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, China Southern Airlines Company Ltd (ADR) finds support just below today's level at $55.00. If this is broken, then the next support from accumulated volume will be at $53.95 and $52.89. The stock is about to test the resistance from accumulated volume at $65.67 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $55.00 Price: $63.63 Resistance: $65.67


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.14 between high and low, or 1.80%. For the last week, the stock has had a daily average volatility of 2.34%.

Our recommended stoploss: $59.04 (-7.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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