Sichuan Lutianhua Company Limited Stock Forecast
Stronger technical forecast for Sichuan Lutianhua Company Limited stock price after Friday trading.
(Updated on Jun 21, 2024)
The Sichuan Lutianhua Company Limited stock price gained 0.565% on the last trading day (Friday, 21st Jun 2024), rising from ¥3.54 to ¥3.56. During the last trading day the stock fluctuated 3.70% from a day low at ¥3.51 to a day high of ¥3.64. The price has fallen in 5 of the last 10 days and is down by -5.32% for this period. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately ¥14.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.65% during the next 3 months and, with a 90% probability hold a price between ¥2.87 and ¥3.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000912.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.565%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sichuan Lutianhua Company Limited 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 ¥3.61 and ¥3.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sichuan Lutianhua Company Limited stock
Sichuan Lutianhua Company Limited finds support from accumulated volume at ¥3.54 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 ¥0.130 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 2.81%.
Sichuan Lutianhua Company Limited 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 (000912.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Sichuan Lutianhua Company Limited to open at ¥3.57, and during the day (based on 14 day Average True Range), to move between ¥3.42 and ¥3.70, which gives a possible trading interval of +/-¥0.144 (+/-4.06%) up or down from last closing price. If Sichuan Lutianhua Company Limited takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.54 (0.56%) than the resistance at ¥3.71 (4.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sichuan Lutianhua Company Limited stock A Buy?
Sichuan Lutianhua Company Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.748 Sell Candidate Upgraded
Predicted Opening Price for Sichuan Lutianhua Company Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥3.57 ( 0.281%) | ¥3.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000912.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.70 | 3.93% |
| R2 | 3.65 | 2.54% |
| R1 | 3.62 | 1.68% |
| Price | 3.56 | |
| S1 | 3.52 | -1.11% |
| S2 | 3.49 | -1.98% |
| S3 | 3.44 | -3.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.12 | 15.73% |
| R2 | 3.97 | 11.52% |
| R1 | 3.71 | 4.21% |
| Price | 3.56 | |
| S1 | 3.54 | -0.562% |
| S2 | 0 | - |
| S3 | 0 | - |
000912 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2010 | Jun 29, 2010 | Jun 29, 2010 | ¥0.100 | 1.56% |
| 2 | Jun 30, 2009 | Jun 30, 2009 | Jun 30, 2009 | ¥0.150 | 1.41% |
| 3 | Jun 20, 2008 | Jun 20, 2008 | Jun 20, 2008 | ¥0.360 | 1.52% |
| 4 | Jun 15, 2007 | Jun 15, 2007 | Jun 15, 2007 | ¥0.600 | 3.07% |
| 5 | Apr 28, 2006 | Apr 28, 2006 | Apr 28, 2006 | ¥0.300 | 4.71% |
FAQ
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