Langold Real Estate 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
Big movements in Langold Real Estate Co Ltd stock price on Friday moving 19.59% between high and low
(Updated on May 17, 2024)
The Langold Real Estate Co Ltd stock price gained 9.95% on the last trading day (Friday, 17th May 2024), rising from ¥2.11 to ¥2.32. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 19.59% from a day low at ¥1.94 to a day high of ¥2.32. The price has risen in 6 of the last 10 days and is up by 17.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 157 million more shares were traded than the day before. In total, 409 million shares were bought and sold for approximately ¥948.47 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥2.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.77% during the next 3 months and, with a 90% probability hold a price between ¥1.54 and ¥2.67 at the end of this 3-month period.
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002305.SZ Signals & Forecast
The Langold Real Estate 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 ¥2.04 and ¥1.72. 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 Tuesday, May 07, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Langold Real Estate Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥2.10 and ¥2.08. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Langold Real Estate Co Ltd finds support just below today's level at ¥2.10. If this is broken, then the next support from accumulated volume will be at ¥2.08 and ¥1.89.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.380 between high and low, or 19.59%. For the last week, the stock has had daily average volatility of 11.01%.
Our recommended stop-loss: ¥2.22 (-4.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (002305.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Langold Real Estate Co Ltd to open at ¥2.19, and during the day (based on 14 day Average True Range), to move between ¥2.11 and ¥2.53, which gives a possible trading interval of +/-¥0.214 (+/-9.21%) up or down from last closing price. If Langold Real Estate Co Ltd takes out the full calculated possible swing range there will be an estimated 18.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.40 (3.45%) than the support at ¥2.10 (9.48%), 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.
Is Langold Real Estate Co Ltd stock A Buy?
Langold Real Estate Co Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.759 Strong Buy Candidate Upgraded
Predicted Opening Price for Langold Real Estate Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥2.19 ( 5.46%) | ¥2.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002305.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.57 | 10.92 % | |
| R2 | 2.43 | 4.66 % | ||
| R1 | 2.34 | 0.797 % | ||
| Current price: | 2.32 | |||
| Support | S1 | 2.05 | -11.72 % | |
| S2 | 1.96 | -15.58 % | ||
| S3 | 1.81 | -21.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.40 | 3.45 % | ||
| Current price | 2.32 | |||
| Support | S1 | 2.10 | -9.48% | |
| S2 | 2.08 | -10.34% | ||
| S3 | 1.89 | -18.53% |
002305 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ¥0.0500 | 1.95% |
| 2 | Jul 02, 2018 | Jul 02, 2018 | Jul 02, 2018 | ¥0.0500 | 1.75% |
| 3 | Jun 15, 2017 | Jun 15, 2017 | Jun 15, 2017 | ¥0.0500 | 0.86% |
| 4 | May 25, 2015 | May 25, 2015 | May 25, 2015 | ¥0.0667 | 0.81% |
| 5 | Jul 10, 2014 | Jul 10, 2014 | Jul 10, 2014 | ¥0.0799 | 2.26% |
FAQ
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