ZTO Express Cayman may rise to 23.60 - 24.40

Our pivot point stands at 19.7.

Our preference

The upside prevails as long as 19.7 is support.

Alternative scenario

Below 19.7, expect 18.3 and 17.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 19.819 and 20.1658).

Supports and resistances

25.3 **

24.4 *

23.6 **

22.8

20.9 (USD-last)

20.2

19.7 **

18.3 *

17.5 **

Number of asterisks represents the strength of support and resistance levels.