Shenzhen Laibao Hi-Tech Co., Ltd. Stock Forecast
Stronger technical forecast for Shenzhen Laibao Hi-Tech Co., Ltd. stock price after Friday trading.
(Updated on May 17, 2024)
The Shenzhen Laibao Hi-Tech Co., Ltd. stock price gained 1.15% on the last trading day (Friday, 17th May 2024), rising from ¥10.44 to ¥10.56. During the last trading day the stock fluctuated 1.92% from a day low at ¥10.39 to a day high of ¥10.59. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥95.54 million.
The stock lies in the middle of a wide and 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 21.34% during the next 3 months and, with a 90% probability hold a price between ¥10.92 and ¥13.57 at the end of this 3-month period.
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002106.SZ Signals & Forecast
The Shenzhen Laibao Hi-Tech Co., Ltd. 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 ¥10.46 and ¥9.65. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.94%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shenzhen Laibao Hi-Tech Co., Ltd. stock
Shenzhen Laibao Hi-Tech Co., Ltd. finds support from accumulated volume at ¥10.55 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 ¥0.200 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: ¥10.12 (-4.13%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (002106.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Laibao Hi-Tech Co., Ltd. to open at ¥10.51, and during the day (based on 14 day Average True Range), to move between ¥10.13 and ¥10.99, which gives a possible trading interval of +/-¥0.431 (+/-4.09%) up or down from last closing price. If Shenzhen Laibao Hi-Tech Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.55 (0.09%) than the resistance at ¥10.79 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Laibao Hi-Tech Co., Ltd. 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 Shenzhen Laibao Hi-Tech Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.696 Buy Candidate Upgraded
Predicted Opening Price for Shenzhen Laibao Hi-Tech Co., Ltd. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥10.51 ( 0.442%) | ¥10.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002106.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.71 | 1.45 % | |
R2 | 10.64 | 0.729 % | ||
R1 | 10.59 | 0.282 % | ||
Current price: | 10.56 | |||
Support | S1 | 10.44 | -1.17 % | |
S2 | 10.39 | -1.61 % | ||
S3 | 10.31 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 10.88 | 3.03 % | ||
R1 | 10.79 | 2.18 % | ||
Current price | 10.56 | |||
Support | S1 | 10.55 | -0.0947% | |
S2 | 10.33 | -2.18% | ||
S3 | 9.07 | -14.11% |
002106 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ¥0.200 | 2.41% |
2 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ¥0.100 | 1.41% |
3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.150 | 1.33% |
4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.100 | 0.761% |
5 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.100 | 1.43% |
FAQ
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