Guangdong Lingxiao Pump Industry Co Ltd Stock Forecast
Strong day for Guangdong Lingxiao Pump Industry Co Ltd stock price on Tuesday rising 5.68% to ¥21.96
(Updated on Apr 30, 2024)
The Guangdong Lingxiao Pump Industry Co Ltd stock price gained 5.68% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥20.78 to ¥21.96. During the last trading day the stock fluctuated 7.73% from a day low at ¥21.22 to a day high of ¥22.86. The price has risen in 7 of the last 10 days and is up by 4.08% 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, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥86.36 million.
The stock lies in the upper part of a wide and strong 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 ¥22.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.69% during the next 3 months and, with a 90% probability hold a price between ¥24.48 and ¥27.81 at the end of this 3-month period.
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002884.SZ Signals & Forecast
The Guangdong Lingxiao Pump Industry 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 ¥21.52 and ¥19.98. 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 Monday, April 22, 2024, and so far it has fallen -0.363%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangdong Lingxiao Pump Industry Co Ltd stock
Guangdong Lingxiao Pump Industry Co Ltd finds support from accumulated volume at ¥21.89 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 ¥1.64 between high and low, or 7.73%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: ¥21.13 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002884.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Guangdong Lingxiao Pump Industry Co Ltd to open at ¥22.01, and during the day (based on 14 day Average True Range), to move between ¥20.92 and ¥23.00, which gives a possible trading interval of +/-¥1.04 (+/-4.72%) up or down from last closing price. If Guangdong Lingxiao Pump Industry Co Ltd takes out the full calculated possible swing range there will be an estimated 9.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥21.89 (0.32%) than the resistance at ¥22.04 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Guangdong Lingxiao Pump Industry Co Ltd will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Guangdong Lingxiao Pump Industry Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.13% in the first trading day after earnings release.
Is Guangdong Lingxiao Pump Industry Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Guangdong Lingxiao Pump Industry Co Ltd stock to perform well in the short-term.
Current score: 4.652 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Lingxiao Pump Industry Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥22.01 ( 0.243%) | ¥21.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002884.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.65 | 7.71 % | |
| R2 | 23.03 | 4.86 % | ||
| R1 | 22.64 | 3.10 % | ||
| Current price: | 21.96 | |||
| Support | S1 | 21.39 | -2.61 % | |
| S2 | 21.00 | -4.37 % | ||
| S3 | 20.37 | -7.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 22.04 | 0.364 % | ||
| Current price | 21.96 | |||
| Support | S1 | 21.89 | -0.319% | |
| S2 | 18.67 | -14.98% | ||
| S3 | 18.20 | -17.12% |
002884 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2023 | May 17, 2023 | May 17, 2023 | ¥1.00 | 6.81% |
| 2 | May 24, 2022 | May 24, 2022 | May 24, 2022 | ¥1.00 | 5.12% |
| 3 | May 26, 2021 | May 26, 2021 | May 26, 2021 | ¥0.93 | 4.29% |
| 4 | Jul 21, 2020 | Jul 21, 2020 | Jul 21, 2020 | ¥0.714 | 5.14% |
| 5 | May 24, 2019 | May 24, 2019 | May 24, 2019 | ¥0.590 | 6.20% |
FAQ
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