Lianhe Chemical Technology Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lianhe Chemical Technology Co., Ltd. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Lianhe Chemical Technology Co., Ltd. stock price gained 1.14% on the last trading day (Friday, 17th May 2024), rising from ¥6.14 to ¥6.21. During the last trading day the stock fluctuated 3.11% from a day low at ¥6.11 to a day high of ¥6.30. The price has risen in 6 of the last 10 days and is up by 4.9% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 10 million shares were bought and sold for approximately ¥64.00 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 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 -5.19% during the next 3 months and, with a 90% probability hold a price between ¥4.94 and ¥6.14 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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002250.SZ Signals & Forecast
The Lianhe Chemical Technology 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 ¥6.18 and ¥5.91. 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 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -1.58%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lianhe Chemical Technology Co., Ltd. stock
Lianhe Chemical Technology Co., Ltd. finds support from accumulated volume at ¥6.20 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 ¥0.190 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: ¥6.00 (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002250.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lianhe Chemical Technology Co., Ltd. to open at ¥6.21, and during the day (based on 14 day Average True Range), to move between ¥5.89 and ¥6.53, which gives a possible trading interval of +/-¥0.319 (+/-5.13%) up or down from last closing price. If Lianhe Chemical Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.22 (0.16%) than the support at ¥6.20 (0.16%), 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.
Earnings coming up
Lianhe Chemical Technology Co., Ltd. will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Lianhe Chemical Technology Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.37% in the first trading day after earnings release.
Is Lianhe Chemical Technology Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.921 Buy Candidate Upgraded
Predicted Opening Price for Lianhe Chemical Technology Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥6.21 ( 0.0537%) | ¥6.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002250.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.40 | 3.01 % | |
| R2 | 6.32 | 1.84 % | ||
| R1 | 6.28 | 1.12 % | ||
| Current price: | 6.21 | |||
| Support | S1 | 6.13 | -1.22 % | |
| S2 | 6.09 | -1.94 % | ||
| S3 | 6.02 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.65 | 7.09 % | |
| R2 | 6.62 | 6.60 % | ||
| R1 | 6.22 | 0.161 % | ||
| Current price | 6.21 | |||
| Support | S1 | 6.20 | -0.161% | |
| S2 | 6.14 | -1.13% | ||
| S3 | 6.13 | -1.29% |
002250 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.100 | 0.97% |
| 2 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | ¥0.0500 | 0.287% |
| 3 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | ¥0.0500 | 0.189% |
| 4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.0500 | 0.196% |
| 5 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.0200 | 0.176% |
FAQ
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