LTTC/Shs A Vtg 1.00 Stock Forecast
LTTC/Shs A Vtg 1.00 stock price took a fall of -5.49% on Tuesday
(Updated on Apr 16, 2024)
The LTTC/Shs A Vtg 1.00 stock price fell by -5.49% on the last day (Tuesday, 16th Apr 2024) from ¥6.38 to ¥6.03. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.49% from a day low at ¥6.01 to a day high of ¥6.40. The price has been going up and down for this period, and there has been a -2.43% 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 -1 million shares and in total, 10 million shares were bought and sold for approximately ¥61.80 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect LTTC/Shs A Vtg 1.00 stock with a 90% probability to be traded between ¥5.54 and ¥6.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
000726.SZ Signals & Forecast
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. The LTTC/Shs A Vtg 1.00 stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥6.36 and ¥6.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -6.66%. 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.
Support, Risk & Stop-loss for LTTC/Shs A Vtg 1.00 stock
LTTC/Shs A Vtg 1.00 finds support from accumulated volume at ¥5.95 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 ¥0.390 between high and low, or 6.49%. For the last week the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000726.SZ) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect LTTC/Shs A Vtg 1.00 to open at ¥6.15, and during the day (based on 14 day Average True Range), to move between ¥5.85 and ¥6.21, which gives a possible trading interval of +/-¥0.176 (+/-2.92%) up or down from last closing price. If LTTC/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.95 (1.33%) than the resistance at ¥6.25 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LTTC/Shs A Vtg 1.00 stock A Buy?
LTTC/Shs A Vtg 1.00 holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.742 Sell Candidate Unchanged
Predicted Opening Price for LTTC/Shs A Vtg 1.00 of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| ¥6.15 ( 1.93%) | ¥6.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000726.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.54 | 8.40 % | |
| R2 | 6.39 | 5.93 % | ||
| R1 | 6.30 | 4.41 % | ||
| Current price: | 6.03 | |||
| Support | S1 | 6.00 | -0.536 % | |
| S2 | 5.91 | -2.06 % | ||
| S3 | 5.76 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.30 | 4.48 % | |
| R2 | 6.29 | 4.31 % | ||
| R1 | 6.25 | 3.65 % | ||
| Current price | 6.03 | |||
| Support | S1 | 5.95 | -1.33% | |
| S2 | 5.75 | -4.64% | ||
| S3 | 5.60 | -7.13% |
000726 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.100 | 1.52% |
| 2 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | ¥0.0700 | 0.99% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.0500 | 0.82% |
| 4 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.100 | 1.22% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.500 | 5.11% |
FAQ
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