Lida Optical & Electronic Co Ltd Stock Forecast
Red day on Thursday for Lida Optical & Electronic Co Ltd
(Updated on Apr 25, 2024)
The Lida Optical & Electronic Co Ltd stock price fell by -1.02% on the last day (Thursday, 25th Apr 2024) from ¥14.67 to ¥14.52. During the last trading day the stock fluctuated 3.33% from a day low at ¥14.40 to a day high of ¥14.88. The price has fallen in 6 of the last 10 days and is down by -7.87% 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 -700 thousand shares and in total, 5 million shares were bought and sold for approximately ¥78.38 million.
The stock lies in the lower part of a very 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 ¥13.61 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 14.13% during the next 3 months and, with a 90% probability hold a price between ¥15.53 and ¥23.54 at the end of this 3-month period.
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002189.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.72%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lida Optical & Electronic 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 ¥14.53 and ¥16.40. 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). 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 Lida Optical & Electronic Co Ltd stock
Lida Optical & Electronic Co Ltd finds support from accumulated volume at ¥14.29 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 ¥0.480 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002189.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Lida Optical & Electronic Co Ltd to open at ¥14.60, and during the day (based on 14 day Average True Range), to move between ¥13.33 and ¥15.71, which gives a possible trading interval of +/-¥1.19 (+/-8.19%) up or down from last closing price. If Lida Optical & Electronic Co Ltd takes out the full calculated possible swing range there will be an estimated 16.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.29 (1.58%) than the resistance at ¥14.88 (2.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lida Optical & Electronic Co Ltd will release earnings BMO on Monday, April 29, 2024. We will update the financials statements for Lida Optical & Electronic Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.64% in the first trading day after earnings release.
Is Lida Optical & Electronic Co Ltd stock A Buy?
The Lida Optical & Electronic Co Ltd stock holds several negative signals and despite the positive trend, we believe Lida Optical & Electronic Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.860 Sell Candidate Unchanged
Predicted Opening Price for Lida Optical & Electronic Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥14.60 ( 0.551%) | ¥14.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002189.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.08 | 3.86 % | |
| R2 | 14.90 | 2.59 % | ||
| R1 | 14.78 | 1.81 % | ||
| Current price: | 14.52 | |||
| Support | S1 | 14.42 | -0.712 % | |
| S2 | 14.30 | -1.49 % | ||
| S3 | 14.12 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.71 | 21.97 % | |
| R2 | 16.52 | 13.77 % | ||
| R1 | 14.88 | 2.48 % | ||
| Current price | 14.52 | |||
| Support | S1 | 14.29 | -1.58% | |
| S2 | 13.88 | -4.41% | ||
| S3 | 13.46 | -7.30% |
002189 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | ¥0.224 | 1.52% |
| 2 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.196 | 1.23% |
| 3 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | ¥0.110 | 0.645% |
| 4 | Jun 25, 2019 | Jun 25, 2019 | Jun 25, 2019 | ¥0.0626 | 0.286% |
| 5 | May 22, 2018 | May 22, 2018 | May 22, 2018 | ¥0.0250 | 0.152% |
FAQ
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