ZTO Price Prediction Next Week
Technical Analysis: ZTO's stock shows a bullish momentum in the short term, with RSI-14 at 64.81 indicating room for further upside. The stock is trading above its 20-day SMA (19.35) and 60-day SMA (19.17), suggesting positive momentum.
Price Levels and Fibonacci Analysis:
- Current support: $18.89 (Fibonacci S1)
- Key resistance: $20.92 (Fibonacci R1)
- Next resistance: $21.54 (Fibonacci R2)
Recent News Impact: ZTO recently revised its 2024 volume expectations to 33.7-33.9 billion parcels, reflecting an 11.6%-12.3% year-over-year increase. While this represents a reduction from earlier targets, the company maintains steady operational performance with Q3 parcel volume increasing by 15.9% year-over-year and adjusted net income growing by 2%.
Next Week Price Prediction: Based on technical indicators and recent price action:
- Bullish scenario (60% probability): Price likely to test $20.92 (Fibonacci R1)
- Base scenario (30% probability): Consolidation between $19.90-$20.50
- Bearish scenario (10% probability): Support at $18.89 (Fibonacci S1)
Trading Recommendation: BUY with entry at current level ($18.60) with target price of $20.92 (Fibonacci R1). Set stop loss at $18.20.
Key reasons:
- Strong technical momentum with RSI showing room for upside
- Price trading above key moving averages
- Solid operational performance despite guidance adjustment
- Positive Bollinger Band positioning (BBP at 0.86)
ZTO Similar Chart Price Prediction
The price of ZTO is predicted to go up -2.12%, based on the high correlation periods with WU. The similarity of these two price pattern on the periods is 95.42%.
ZTO
WU
Down: -2.12%Similarity: 95.42%
ZTO Revenue Forecast
ZTO EPS Forecast
ZTO FAQs
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ZTO VS S&P500
If ZTO achieves the top end of its targeted 30%-40% market share by 2032, it implies faster-than-expected revenue growth and higher-than-expected economies of scale and profits.
E-commerce parcel volume and weight increase faster than expected, boosting revenue growth and buffering profitability for ZTO.
Acquisition of a sizable express delivery peer at a fair consideration and successful integration would enable ZTO to achieve economies of scale more rapidly.
ZTO Analyst's Forecast
Parash Jain
HSBC
Strong Buy → Hold
2025-01-21
Price Target
$28 → $20
Upside
+4.06%
HSBC downgraded ZTO Express to Hold from Buy with a price target of $20, down from $28. The firm cites its lower earnings estimates amid a worsening competitive landscape for the downgrade. The analyst sees intensifying market price competition denting ZTO's selling price and earnings growth outlook. HSBC notes that is also sees no near-term signs of stabilizing market competition.
Lin Chen
JP Morgan
Buy
2024-10-30
Price Target
$31 → $30
Upside
+28.12%
