Guangxi Liugong Machinery Co., Ltd. Stock Forecast
Guangxi Liugong Machinery Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Guangxi Liugong Machinery Co., Ltd. stock price fell by -2.66% on the last day (Thursday, 27th Jun 2024) from ¥11.28 to ¥10.98. During the last trading day the stock fluctuated 3.85% from a day low at ¥10.92 to a day high of ¥11.34. The price has fallen in 7 of the last 10 days and is down by -5.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 million shares and in total, 35 million shares were bought and sold for approximately ¥381.41 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.57% during the next 3 months and, with a 90% probability hold a price between ¥12.28 and ¥14.23 at the end of this 3-month period.
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000528.SZ Signals & Forecast
The Guangxi Liugong Machinery Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥11.40. On a fall, the stock will find some support from the long-term average at approximately ¥10.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -6.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, January 24, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, January 24, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Guangxi Liugong Machinery Co., Ltd. stock
Guangxi Liugong Machinery Co., Ltd. finds support from accumulated volume at ¥10.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.420 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: ¥10.52 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (000528.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Guangxi Liugong Machinery Co., Ltd. to open at ¥11.08, and during the day (based on 14 day Average True Range), to move between ¥10.36 and ¥11.60, which gives a possible trading interval of +/-¥0.624 (+/-5.69%) up or down from last closing price. If Guangxi Liugong Machinery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.99 (0.09%) than the support at ¥10.86 (1.09%), 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 Guangxi Liugong Machinery Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Guangxi Liugong Machinery Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.570 Buy Candidate Upgraded
Predicted Opening Price for Guangxi Liugong Machinery Co., Ltd. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
¥11.08 ( 0.91%) | ¥10.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000528.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.50 | 4.74% |
R2 | 11.34 | 3.27% |
R1 | 11.24 | 2.37% |
Price | 10.98 | |
S1 | 10.92 | -0.550% |
S2 | 10.82 | -1.45% |
S3 | 10.66 | -2.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.40 | 3.83% |
R2 | 11.07 | 0.82% |
R1 | 10.99 | 0.0911% |
Price | 10.98 | |
S1 | 10.86 | -1.09% |
S2 | 10.52 | -4.19% |
S3 | 10.18 | -7.29% |
000528 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | ¥0.199 | 1.77% |
2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ¥0.100 | 1.33% |
3 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.160 | 2.51% |
4 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.280 | 3.54% |
5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.150 | 2.33% |
FAQ
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