Lancy Co Ltd Stock Forecast
Red day on Friday for Lancy Co Ltd
(Updated on May 10, 2024)
The Lancy Co Ltd stock price fell by -1.41% on the last day (Friday, 10th May 2024) from ¥17.74 to ¥17.49. During the last trading day the stock fluctuated 3.06% from a day low at ¥17.30 to a day high of ¥17.83. The price has risen in 6 of the last 10 days and is up by 6.71% over the past 2 weeks. 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 -366 thousand shares and in total, 4 million shares were bought and sold for approximately ¥69.06 million.
The stock lies the upper part of a wide and falling 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 ¥17.96 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.62% during the next 3 months and, with a 90% probability hold a price between ¥14.12 and ¥16.95 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002612.SZ Signals & Forecast
The Lancy Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥17.57. On a fall, the stock will find some support from the long-term average at approximately ¥16.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -3.05%. Further fall is indicated until a new bottom pivot has been found. 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 Lancy Co Ltd stock
Lancy Co Ltd finds support from accumulated volume at ¥17.37 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 ¥0.530 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: ¥16.68 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (002612.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Lancy Co Ltd to open at ¥17.54, and during the day (based on 14 day Average True Range), to move between ¥16.79 and ¥18.19, which gives a possible trading interval of +/-¥0.700 (+/-4.00%) up or down from last closing price. If Lancy Co Ltd takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥17.37 (0.69%) than the resistance at ¥17.94 (2.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lancy Co Ltd stock A Buy?
Lancy Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.739 Hold/Accumulate Unchanged
Predicted Opening Price for Lancy Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥17.54 ( 0.286%) | ¥17.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002612.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.07 | 3.32 % | |
| R2 | 17.87 | 2.16 % | ||
| R1 | 17.74 | 1.44 % | ||
| Current price: | 17.49 | |||
| Support | S1 | 17.34 | -0.87 % | |
| S2 | 17.21 | -1.59 % | ||
| S3 | 17.01 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.39 | 5.15 % | |
| R2 | 18.04 | 3.14 % | ||
| R1 | 17.94 | 2.57 % | ||
| Current price | 17.49 | |||
| Support | S1 | 17.37 | -0.686% | |
| S2 | 17.30 | -1.09% | ||
| S3 | 17.12 | -2.12% |
002612 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.0700 | 0.270% |
| 2 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.300 | 0.662% |
| 3 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.120 | 1.50% |
| 4 | Sep 23, 2019 | Sep 23, 2019 | Sep 23, 2019 | ¥0.200 | 2.33% |
| 5 | May 08, 2019 | May 08, 2019 | May 08, 2019 | ¥0.150 | 1.79% |
FAQ
Click here for our free guide on how to buy Lancy Co Ltd Stock.
