LVGEM Stock Forecast
LVGEM stock price down 2.86% on Thursday
(Updated on Jun 20, 2024)
The LVGEM stock price fell by -2.86% on the last day (Thursday, 20th Jun 2024) from HK$0.700 to HK$0.680. During the last trading day the stock fluctuated 7.46% from a day low at HK$0.670 to a day high of HK$0.720. The price has fallen in 6 of the last 10 days and is down by -9.33% for this period. Volume has increased on the last day by 2 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, 15 million shares were bought and sold for approximately HK$10.28 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.670 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.38% during the next 3 months and, with a 90% probability hold a price between HK$0.800 and HK$1.22 at the end of this 3-month period.
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0095.HK Signals & Forecast
There are few to no technical positive signals at the moment. The LVGEM 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 HK$0.707 and HK$0.785. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -29.17%. Further fall is indicated until a new bottom pivot has been found. 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 LVGEM stock
LVGEM finds support from accumulated volume at HK$0.650 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 HK$0.0500 between high and low, or 7.46%. For the last week, the stock has had daily average volatility of 6.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0095.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect LVGEM to open at HK$0.690, and during the day (based on 14 day Average True Range), to move between HK$0.620 and HK$0.740, which gives a possible trading interval of +/-HK$0.0599 (+/-8.81%) up or down from last closing price. If LVGEM takes out the full calculated possible swing range there will be an estimated 17.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.650 (4.41%) than the resistance at HK$0.780 (14.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LVGEM stock A Buy?
The LVGEM stock holds several negative signals and despite the positive trend, we believe LVGEM will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.164 Sell Candidate Unchanged
Predicted Opening Price for LVGEM of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.690 ( 1.47%) | HK$0.680 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0095.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 8.82% |
| R2 | 0.721 | 6.01% |
| R1 | 0.709 | 4.28% |
| Price | 0.680 | |
| S1 | 0.671 | -1.34% |
| S2 | 0.659 | -3.07% |
| S3 | 0.640 | -5.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.84 | 23.53% |
| R2 | 0.80 | 17.65% |
| R1 | 0.780 | 14.71% |
| Price | 0.680 | |
| S1 | 0.650 | -4.41% |
| S2 | 0.590 | -13.24% |
| S3 | 0.580 | -14.71% |
0095 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | HK$0.0610 | 2.65% |
| 2 | May 30, 2018 | May 30, 2018 | May 30, 2018 | HK$0.0500 | 1.64% |
| 3 | Jun 26, 2017 | Jun 26, 2017 | Jun 26, 2017 | HK$0.0500 | 2.26% |
| 4 | Jun 07, 2016 | Jun 07, 2016 | Jun 07, 2016 | HK$0.0100 | 0.526% |
| 5 | May 20, 2013 | May 20, 2013 | May 20, 2013 | HK$0.0020 | 0.635% |
FAQ
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