Hui Lyu Ecological Technology Groups Stock Forecast
Red day on Thursday for Hui Lyu Ecological Technology Groups stock after losing 1.65%
(Updated on Jun 27, 2024)
The Hui Lyu Ecological Technology Groups stock price fell by -1.65% on the last day (Thursday, 27th Jun 2024) from ¥5.45 to ¥5.36. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.93% from a day low at ¥5.23 to a day high of ¥5.54. The price has fallen in 7 of the last 10 days and is down by -7.9% for this period. 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 -5 million shares and in total, 27 million shares were bought and sold for approximately ¥144.93 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥5.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.87% during the next 3 months and, with a 90% probability hold a price between ¥5.35 and ¥6.83 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.
001267.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 Hui Lyu Ecological Technology Groups 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 ¥5.65 and ¥5.54. 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 17, 2024, and so far it has fallen -16.51%. 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 Hui Lyu Ecological Technology Groups stock
Hui Lyu Ecological Technology Groups finds support from accumulated volume at ¥5.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.310 between high and low, or 5.93%. For the last week, the stock has had daily average volatility of 8.11%.
Our recommended stop-loss: ¥5.04 (-5.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (001267.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hui Lyu Ecological Technology Groups Co.,ltd. to open at ¥5.38, and during the day (based on 14 day Average True Range), to move between ¥4.74 and ¥5.98, which gives a possible trading interval of +/-¥0.622 (+/-11.61%) up or down from last closing price. If Hui Lyu Ecological Technology Groups Co.,ltd. takes out the full calculated possible swing range there will be an estimated 23.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.15 (3.92%) than the resistance at ¥5.90 (10.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hui Lyu Ecological Technology Groups Co.,ltd. stock A Buy?
Hui Lyu Ecological Technology Groups holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.222 Hold/Accumulate Unchanged
Predicted Opening Price for Hui Lyu Ecological Technology Groups Co.,ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥5.38 ( 0.311%) | ¥5.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001267.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.69 | 6.09% |
| R2 | 5.57 | 3.89% |
| R1 | 5.50 | 2.52% |
| Price | 5.36 | |
| S1 | 5.26 | -1.90% |
| S2 | 5.19 | -3.26% |
| S3 | 5.07 | -5.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.12 | 14.18% |
| R2 | 6.10 | 13.81% |
| R1 | 5.90 | 10.07% |
| Price | 5.36 | |
| S1 | 5.15 | -3.92% |
| S2 | 4.97 | -7.28% |
| S3 | 4.90 | -8.58% |
001267 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.0400 | 0.82% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | ¥0.0597 | 1.01% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.0700 | 1.35% |
FAQ
Click here for our free guide on how to buy Hui Lyu Ecological Technology Groups Co.,ltd. Stock.
