LVGEM Stock Forecast

LVGEM stock price ended at HK$0.630 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

0095.HK Signals & Forecast

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. 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$0.647 and HK$0.753. 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 -34.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for LVGEM stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.590 and HK$0.580. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LVGEM finds support just below today's level at HK$0.590. If this is broken, then the next support from accumulated volume will be at HK$0.580 and HK$0.560.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0200 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 4.49%.

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 Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect LVGEM to open at HK$0.630, and during the day (based on 14 day Average True Range), to move between HK$0.581 and HK$0.679, which gives a possible trading interval of +/-HK$0.0487 (+/-7.74%) up or down from last closing price. If LVGEM takes out the full calculated possible swing range there will be an estimated 15.48% 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$0.590 (6.35%) than the resistance at HK$0.730 (15.87%), 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: -4.033 Sell Candidate Unchanged

Predicted Opening Price for LVGEM of Tuesday, July 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.