Lomon Billions Group Co Ltd Stock Forecast
Lomon Billions Group Co Ltd stock price ended at ¥20.37 on Friday, after gaining 0.593%.
(Updated on Apr 19, 2024)
The Lomon Billions Group Co Ltd stock price gained 0.593% on the last trading day (Friday, 19th Apr 2024), rising from ¥20.25 to ¥20.37. 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 4.82% from a day low at ¥19.50 to a day high of ¥20.44. The price has risen in 6 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume fell on the last day by -11 million shares and in total, 19 million shares were bought and sold for approximately ¥393.87 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 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 22.22% during the next 3 months and, with a 90% probability hold a price between ¥23.65 and ¥25.83 at the end of this 3-month period.
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002601.SZ Signals & Forecast
Mostly positive signals in the chart today. The Lomon Billions Group 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 ¥19.94 and ¥19.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 12.17%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Lomon Billions Group Co Ltd stock
Lomon Billions Group Co Ltd finds support from accumulated volume at ¥20.25 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 ¥0.94 between high and low, or 4.82%. For the last week, the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: ¥19.45 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (002601.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Lomon Billions Group Co Ltd to open at ¥20.10, and during the day (based on 14 day Average True Range), to move between ¥19.72 and ¥21.02, which gives a possible trading interval of +/-¥0.651 (+/-3.20%) up or down from last closing price. If Lomon Billions Group Co Ltd takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥20.25, some ¥0.120 (0.59%) from the current price of ¥20.37, our system finds the risk reward attractive.
Earnings coming up
Lomon Billions Group Co Ltd will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Lomon Billions Group Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.39% in the first trading day after earnings release.
Is Lomon Billions Group Co Ltd stock A Buy?
Lomon Billions Group Co Ltd holds several positive signals and is within a strong 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.
Current score: 5.316 Strong Buy Candidate Unchanged
Predicted Opening Price for Lomon Billions Group Co Ltd of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
¥20.10 ( 1.31%) | ¥20.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002601.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.04 | 3.31 % | |
R2 | 20.68 | 1.54 % | ||
R1 | 20.46 | 0.454 % | ||
Current price: | 20.37 | |||
Support | S1 | 19.74 | -3.07 % | |
S2 | 19.52 | -4.16 % | ||
S3 | 19.16 | -5.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 20.37 | |||
Support | S1 | 20.25 | -0.589% | |
S2 | 20.01 | -1.77% | ||
S3 | 18.78 | -7.81% |
002601 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | ¥0 | 0% |
2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.600 | 3.81% |
3 | Nov 18, 2022 | Nov 18, 2022 | Nov 18, 2022 | ¥0.200 | 1.16% |
4 | May 16, 2022 | May 16, 2022 | May 16, 2022 | ¥1.00 | 5.49% |
5 | Nov 19, 2021 | Nov 19, 2021 | Nov 19, 2021 | ¥0.250 | 0.93% |
FAQ
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