He Bei Cheng De Lolo Company Limited Stock Forecast
He Bei Cheng De Lolo Company Limited stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of He Bei Cheng De Lolo Company Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.15% from a day low at ¥9.29 to a day high of ¥9.49. The price has risen in 5 of the last 10 days and is up by 2.28% over the past 2 weeks.
The stock lies in the middle of a 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 22.42% during the next 3 months and, with a 90% probability hold a price between ¥11.04 and ¥11.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000848.SZ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.77%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The He Bei Cheng De Lolo Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥9.37 and ¥8.87. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for He Bei Cheng De Lolo Company Limited stock
He Bei Cheng De Lolo Company Limited finds support from accumulated volume at ¥9.17 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 ¥0.200 (2.15%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: ¥9.00 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (000848.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect He Bei Cheng De Lolo Company Limited to open at ¥9.40, and during the day (based on 14 day Average True Range), to move between ¥9.14 and ¥9.70, which gives a possible trading interval of +/-¥0.279 (+/-2.96%) up or down from last closing price. If He Bei Cheng De Lolo Company Limited takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.44 (0.21%) than the support at ¥9.17 (2.65%), 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 He Bei Cheng De Lolo Company Limited 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 He Bei Cheng De Lolo Company Limited stock to perform well in the short-term.
Current score: 1.646 Buy Candidate Unchanged
Predicted Opening Price for He Bei Cheng De Lolo Company Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥9.40 ( 0.212%) | ¥9.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000848.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.60 | 1.91 % | |
R2 | 9.52 | 1.10 % | ||
R1 | 9.48 | 0.599 % | ||
Current price: | 9.42 | |||
Support | S1 | 9.32 | -1.02 % | |
S2 | 9.28 | -1.52 % | ||
S3 | 9.20 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.59 | 1.80 % | |
R2 | 9.47 | 0.531 % | ||
R1 | 9.44 | 0.212 % | ||
Current price | 9.42 | |||
Support | S1 | 9.17 | -2.65% | |
S2 | 9.08 | -3.61% | ||
S3 | 8.49 | -9.87% |
000848 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ¥0.300 | 3.43% |
2 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.260 | 2.73% |
3 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | ¥0.182 | 3.10% |
4 | Apr 22, 2019 | Apr 22, 2019 | Apr 22, 2019 | ¥0.364 | 4.84% |
5 | Apr 27, 2018 | Apr 27, 2018 | Apr 27, 2018 | ¥0.455 | 5.95% |
FAQ
Click here for our free guide on how to buy He Bei Cheng De Lolo Company Limited Stock.