Beijing Liven Technology Co.,ltd. Stock Forecast
Evaluation of Beijing Liven Technology Co.,ltd. stock downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Beijing Liven Technology Co.,ltd. stock price fell by -2.48% on the last day (Thursday, 27th Jun 2024) from ¥22.15 to ¥21.60. During the last trading day the stock fluctuated 5.96% from a day low at ¥21.31 to a day high of ¥22.58. The price has risen in 6 of the last 10 days and is up by 3.05% over the past 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 -463 thousand shares and in total, 2 million shares were bought and sold for approximately ¥33.71 million.
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 -4.78% during the next 3 months and, with a 90% probability hold a price between ¥18.26 and ¥21.21 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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001259.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 Beijing Liven Technology Co.,ltd. 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 ¥21.70 and ¥21.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -3.70%. 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 Beijing Liven Technology Co.,ltd. stock
Beijing Liven Technology Co.,ltd. finds support from accumulated volume at ¥21.30 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 ¥1.27 between high and low, or 5.96%. For the last week, the stock has had daily average volatility of 6.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001259.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Beijing Liven Technology Co.,ltd. to open at ¥21.83, and during the day (based on 14 day Average True Range), to move between ¥20.41 and ¥22.79, which gives a possible trading interval of +/-¥1.19 (+/-5.53%) up or down from last closing price. If Beijing Liven Technology Co.,ltd. takes out the full calculated possible swing range there will be an estimated 11.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥21.70 (0.46%) than the support at ¥21.30 (1.39%), 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 Beijing Liven Technology Co.,ltd. stock A Buy?
Beijing Liven Technology Co.,ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.203 Sell Candidate Downgraded
Predicted Opening Price for Beijing Liven Technology Co.,ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥21.83 ( 1.06%) | ¥21.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001259.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.10 | 6.94% |
| R2 | 22.61 | 4.70% |
| R1 | 22.32 | 3.31% |
| Price | 21.60 | |
| S1 | 21.34 | -1.18% |
| S2 | 21.05 | -2.57% |
| S3 | 20.56 | -4.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.43 | 3.84% |
| R2 | 22.15 | 2.55% |
| R1 | 21.70 | 0.463% |
| Price | 21.60 | |
| S1 | 21.30 | -1.39% |
| S2 | 20.73 | -4.03% |
| S3 | 19.84 | -8.15% |
001259 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 28, 2024 | ¥0.400 | 1.79% |
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