RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 000568.SZ
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Luzhou Laojiao Co Ltd stock price ended at ¥184.59 on Friday, after losing 0.254%.
(Updated on Mar 29, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 6.76% PDF

The Luzhou Laojiao Co Ltd stock price fell by -0.254% on the last day (Friday, 29th Mar 2024) from ¥185.06 to ¥184.59. During the last trading day the stock fluctuated 2.12% from a day low at ¥183.00 to a day high of ¥186.88. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. 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 -2 million shares and in total, 3 million shares were bought and sold for approximately ¥591.21 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 20.37% during the next 3 months and, with a 90% probability hold a price between ¥197.85 and ¥234.99 at the end of this 3-month period.

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000568.SZ Signals & Forecast

The Luzhou Laojiao 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 ¥185.44. On a fall, the stock will find some support from the long-term average at approximately ¥173.27. 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. 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, March 19, 2024, and so far it has fallen -3.22%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Luzhou Laojiao Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥170.60 and ¥163.06. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Luzhou Laojiao Co Ltd finds support just below today's level at ¥170.60. If this is broken, then the next support from accumulated volume will be at ¥163.06 and ¥155.80.

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 ¥3.88 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 2.75%.

Our recommended stop-loss: ¥176.33 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (000568.SZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Luzhou Laojiao Co Ltd to open at ¥184.82, and during the day (based on 14 day Average True Range), to move between ¥178.89 and ¥190.29, which gives a possible trading interval of +/-¥5.70 (+/-3.09%) up or down from last closing price. If Luzhou Laojiao Co Ltd takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥185.97 (0.75%) than the support at ¥170.60 (7.58%), 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 Luzhou Laojiao 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 Luzhou Laojiao Co Ltd stock to perform well in the short-term.

Current score: 1.581 Buy Candidate Unchanged

Predicted Opening Price for Luzhou Laojiao Co Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
¥184.82 ( 0.126%) ¥184.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000568.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 188.70 2.23 %
R2 187.22 1.43 %
R1 186.31 0.93 %
Current price: 184.59
Support S1 183.34 -0.677 %
S2 182.43 -1.17 %
S3 180.94 -1.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 190.74 3.33 %
R2 187.02 1.32 %
R1 185.97 0.748 %
Current price 184.59
Support S1 170.60 -7.58%
S2 163.06 -11.66%
S3 155.80 -15.60%

000568 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 26, 2022 Aug 26, 2022 Aug 26, 2022 ¥3.24 1.45%
2 Aug 20, 2021 Aug 20, 2021 Aug 20, 2021 ¥2.05 1.27%
3 Aug 24, 2020 Aug 24, 2020 Aug 24, 2020 ¥1.59 1.24%
4 Aug 22, 2019 Aug 22, 2019 Aug 22, 2019 ¥1.55 1.77%
5 Jul 16, 2018 Jul 16, 2018 Jul 16, 2018 ¥1.25 2.13%

FAQ

What is the symbol for Luzhou Laojiao Co Ltd Stock and on which exchange is it traded?
The symbol for Luzhou Laojiao Co Ltd is 000568.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Luzhou Laojiao Co Ltd Stock?
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 Luzhou Laojiao Co Ltd stock to perform well in the short-term.

How to buy Luzhou Laojiao Co Ltd Stock?
Luzhou Laojiao Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Luzhou Laojiao Co Ltd Stock.

What's the current price of Luzhou Laojiao Co Ltd Stock?
As of the end of day on the 2024-03-29, the price of an Luzhou Laojiao Co Ltd (000568.SZ) share was ¥184.59.

What is the 52-week high and low for Luzhou Laojiao Co Ltd Stock?
The 52-week high for Luzhou Laojiao Co Ltd Stock is ¥260.80 and the 52-week low is ¥140.01.

What is the market capitalization of Luzhou Laojiao Co Ltd Stock?
As of the 2024-03-29, the market capitalization of Luzhou Laojiao Co Ltd is 270.379B.

When is the next earnings date for Luzhou Laojiao Co Ltd?
The upcoming earnings date for Luzhou Laojiao Co Ltd is Apr 27, 2024.
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About Luzhou Laojiao Co Ltd

Luzhou Laojiao Co Ltd Luzhou Laojiao Co.,Ltd. engages in the research and development, production, and sales of liquor products in China. The company provides National Cellar 1573, Century-old Luzhou Laojiao Jiaoling, Luzhou Laojiao Tequ, Touqu, Erqu, and other liquor series products. It also offers agricultural product planting and sales, supply chain management business, technology and business development, import and export trade, and tourism services. In addition,... 000568.SZ Profile

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