ZNH Stock Forecast: 7.82% Gain In 3 Days

ZNH Stock Forecastznh stock forecast

China Southern Airlines Co. Ltd. (ZNH) was a stock pick based
on predictive algorithm recommended to I Know First subscribers on March 8th for the 3-day time horizon. China Southern Airlines had a signal of 773.24 and a predictability of 0.09. In accordance with the algorithm, the company reported short-term capital gains of 7.82%.

China Southern Airlines was part of the stock forecast that can be found in the “Best Small Cap Stocks” Package.

The full Top 10 Small Cap Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top ten stocks picks to long
  • Top ten stocks picks to short

znh stock forecast

China Southern Airlines saw its stock price jump as China’s benchmark stock index rose to its highest level in a week. China’s stocks were led by financial companies and airlines, as stocks surged before the country released economic data including its industrial production. The airline industry’s stocks have surged after the price of crude oil plummeted and have remained exceptionally low, currently still trading below $49 USD.

While airline and Chinese stocks have been surging, China Southern Airlines is opening a number of new routes connecting the southern city of Guangzhou with cities in southwest Asia, Europe, and Africa. The country’s largest carrier by fleet size, the airline company is opening routes with cities that are hubs within the proposed networks of Asian trade infrastructure known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road. Proposed by President Xi Jinping in 2013, the “Belt and Road” initiatives aim to connect the Pacific, the Indian Ocean and the Atlantic.