LiJiang YuLong Tourism Co., LTD. Stock Forecast
LiJiang YuLong Tourism Co., LTD. stock price up 1.44% on Thursday
(Updated on May 09, 2024)
The LiJiang YuLong Tourism Co., LTD. stock price gained 1.44% on the last trading day (Thursday, 9th May 2024), rising from ¥9.73 to ¥9.87. During the last trading day the stock fluctuated 4.62% from a day low at ¥9.75 to a day high of ¥10.20. The price has fallen in 6 of the last 10 days and is down by -9.2% for this period. Volume fell on the last day by -2 million shares and in total, 14 million shares were bought and sold for approximately ¥138.61 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥9.76 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 14.52% during the next 3 months and, with a 90% probability hold a price between ¥11.17 and ¥13.39 at the end of this 3-month period.
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002033.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.44%. 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 LiJiang YuLong Tourism Co., LTD. 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 ¥9.96 and ¥10.14. 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 LiJiang YuLong Tourism Co., LTD. stock
LiJiang YuLong Tourism Co., LTD. finds support from accumulated volume at ¥9.75 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 ¥0.450 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002033.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect LiJiang YuLong Tourism Co., LTD. to open at ¥9.94, and during the day (based on 14 day Average True Range), to move between ¥9.30 and ¥10.44, which gives a possible trading interval of +/-¥0.574 (+/-5.81%) up or down from last closing price. If LiJiang YuLong Tourism Co., LTD. takes out the full calculated possible swing range there will be an estimated 11.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.75 (1.22%) than the resistance at ¥10.04 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LiJiang YuLong Tourism Co., LTD. stock A Buy?
The LiJiang YuLong Tourism Co., LTD. stock holds several negative signals and despite the positive trend, we believe LiJiang YuLong Tourism Co., LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.677 Sell Candidate Unchanged
Predicted Opening Price for LiJiang YuLong Tourism Co., LTD. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥9.94 ( 0.709%) | ¥9.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002033.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.39 | 5.27 % | |
| R2 | 10.22 | 3.53 % | ||
| R1 | 10.11 | 2.45 % | ||
| Current price: | 9.87 | |||
| Support | S1 | 9.77 | -1.03 % | |
| S2 | 9.66 | -2.11 % | ||
| S3 | 9.49 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.28 | 14.29 % | |
| R2 | 11.02 | 11.65 % | ||
| R1 | 10.04 | 1.72 % | ||
| Current price | 9.87 | |||
| Support | S1 | 9.75 | -1.22% | |
| S2 | 9.50 | -3.75% | ||
| S3 | 9.20 | -6.79% |
002033 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ¥0.250 | 2.25% |
| 2 | May 18, 2021 | May 18, 2021 | May 18, 2021 | ¥0.200 | 3.29% |
| 3 | Jun 10, 2020 | Jun 10, 2020 | Jun 10, 2020 | ¥0.120 | 2.06% |
| 4 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | ¥0.150 | 2.58% |
| 5 | Jun 15, 2018 | Jun 15, 2018 | Jun 15, 2018 | ¥0.150 | 1.91% |
FAQ
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