LingNan Eco&Culture-Tourism Co Ltd Stock Forecast
Evaluation of LingNan Eco&Culture-Tourism Co Ltd stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The LingNan Eco&Culture-Tourism Co Ltd stock price fell by -4.55% on the last day (Tuesday, 30th Apr 2024) from ¥1.98 to ¥1.89. During the last trading day the stock fluctuated 5.95% from a day low at ¥1.85 to a day high of ¥1.96. The price has fallen in 5 of the last 10 days but is still up by 2.72% over the past 2 weeks. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 55 million shares were bought and sold for approximately ¥103.89 million.
The stock lies in the middle of a very 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 -9.39% during the next 3 months and, with a 90% probability hold a price between ¥1.46 and ¥2.29 at the end of this 3-month period.
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002717.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.72%. 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 LingNan Eco&Culture-Tourism 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 ¥1.89 and ¥2.20. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for LingNan Eco&Culture-Tourism Co Ltd stock
LingNan Eco&Culture-Tourism Co Ltd finds support from accumulated volume at ¥1.87 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 ¥0.110 between high and low, or 5.95%. For the last week, the stock has had daily average volatility of 4.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002717.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect LingNan Eco&Culture-Tourism Co Ltd to open at ¥1.90, and during the day (based on 14 day Average True Range), to move between ¥1.75 and ¥2.03, which gives a possible trading interval of +/-¥0.140 (+/-7.40%) up or down from last closing price. If LingNan Eco&Culture-Tourism Co Ltd takes out the full calculated possible swing range there will be an estimated 14.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.87 (1.06%) than the resistance at ¥1.98 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LingNan Eco&Culture-Tourism Co Ltd stock A Buy?
LingNan Eco&Culture-Tourism Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.172 Strong Sell Candidate Downgraded
Predicted Opening Price for LingNan Eco&Culture-Tourism Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥1.90 ( 0.529%) | ¥1.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002717.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.01 | 6.35 % | |
R2 | 1.97 | 4.13 % | ||
R1 | 1.94 | 2.75 % | ||
Current price: | 1.89 | |||
Support | S1 | 1.86 | -1.69 % | |
S2 | 1.83 | -3.07 % | ||
S3 | 1.79 | -5.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.34 | 23.81 % | |
R2 | 2.29 | 21.16 % | ||
R1 | 1.98 | 4.76 % | ||
Current price | 1.89 | |||
Support | S1 | 1.87 | -1.06% | |
S2 | 1.85 | -2.12% | ||
S3 | 1.84 | -2.65% |
002717 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | ¥0.0220 | 0.509% |
2 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.0533 | 1.08% |
3 | Apr 24, 2018 | Apr 24, 2018 | Apr 24, 2018 | ¥0.0507 | 0.596% |
4 | May 12, 2017 | May 12, 2017 | May 12, 2017 | ¥0.0362 | 0.511% |
5 | May 13, 2016 | May 13, 2016 | May 13, 2016 | ¥0.0099 | 0.110% |
FAQ
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