Livzon Pharmaceutical Group Inc. Stock Forecast
Livzon Pharmaceutical Group Inc. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Livzon Pharmaceutical Group Inc. stock price fell by -0.800% on the last day (Friday, 28th Jun 2024) from ¥37.51 to ¥37.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.25% from a day low at ¥36.90 to a day high of ¥38.10. The price has fallen in 6 of the last 10 days and is down by -4.66% for this period. Volume has increased on the last day by 684 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately ¥137.14 million.
Given the current short-term trend, the stock is expected to rise 3.63% during the next 3 months and, with a 90% probability hold a price between ¥38.56 and ¥43.15 at the end of this 3-month period.
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000513.SZ Signals & Forecast
There are few to no technical positive signals at the moment. 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 ¥37.87 and ¥39.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -8.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥1.20 (3.25%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
Livzon Pharmaceutical Group Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Livzon Pharmaceutical Group Inc. to open at ¥37.40, and during the day (based on 14 day Average True Range), to move between ¥36.10 and ¥38.32, which gives a possible trading interval of +/-¥1.11 (+/-2.99%) 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 5.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥36.95 (0.70%) than the resistance at ¥38.21 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.129 Sell Candidate Downgraded
Predicted Opening Price for Livzon Pharmaceutical Group Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
¥37.40 ( 0.520%) | ¥37.21 |
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 | 38.60 | 3.74% |
R2 | 38.14 | 2.51% |
R1 | 37.86 | 1.75% |
Price | 37.21 | |
S1 | 36.94 | -0.712% |
S2 | 36.66 | -1.47% |
S3 | 36.20 | -2.71% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.50 | 6.15% |
R2 | 39.41 | 5.91% |
R1 | 38.21 | 2.69% |
Price | 37.21 | |
S1 | 36.95 | -0.699% |
S2 | 36.88 | -0.89% |
S3 | 36.50 | -1.91% |
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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