Livzon Pharmaceutical Group Inc. Stock Forecast
Livzon Pharmaceutical Group Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Livzon Pharmaceutical Group Inc. stock price gained 0.0263% on the last trading day (Tuesday, 25th Jun 2024), rising from ¥38.01 to ¥38.02. During the last trading day the stock fluctuated 1.83% from a day low at ¥37.80 to a day high of ¥38.49. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks. Volume fell on the last day by -361 thousand shares and in total, 3 million shares were bought and sold for approximately ¥114.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ¥38.05. A reaction back to this level may hold a second chance to get out before further falls.
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000513.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.0263%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Livzon Pharmaceutical Group Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥38.77 and ¥39.40. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Livzon Pharmaceutical Group Inc. stock
Livzon Pharmaceutical Group Inc. finds support from accumulated volume at ¥36.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.690 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000513.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Livzon Pharmaceutical Group Inc. to open at ¥38.10, and during the day (based on 14 day Average True Range), to move between ¥36.87 and ¥39.17, which gives a possible trading interval of +/-¥1.15 (+/-3.02%) up or down from last closing price. If Livzon Pharmaceutical Group Inc. takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥38.21 (0.50%) than the support at ¥36.95 (2.81%), 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 Livzon Pharmaceutical Group Inc. stock A Buy?
The Livzon Pharmaceutical Group Inc. stock holds several negative signals and despite the positive trend, we believe Livzon Pharmaceutical Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.817 Sell Candidate Downgraded
Predicted Opening Price for Livzon Pharmaceutical Group Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥38.10 ( 0.219%) | ¥38.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000513.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.79 | 2.03% |
| R2 | 38.53 | 1.34% |
| R1 | 38.37 | 0.91% |
| Price | 38.02 | |
| S1 | 37.84 | -0.474% |
| S2 | 37.68 | -0.90% |
| S3 | 37.41 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.50 | 3.89% |
| R2 | 39.41 | 3.66% |
| R1 | 38.21 | 0.500% |
| Price | 38.02 | |
| S1 | 36.95 | -2.81% |
| S2 | 36.88 | -3.00% |
| S3 | 36.50 | -4.00% |
000513 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | ¥1.60 | 4.29% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥1.30 | 3.93% |
| 3 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥1.25 | 2.61% |
| 4 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | ¥1.15 | 2.91% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | ¥0.92 | 3.66% |
FAQ
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