Lung Kee (Bermuda) Holdings Limited Stock Forecast

Red day on Monday for Lung Kee (Bermuda) Holdings Limited
(Updated on Jun 17, 2024)

0255.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lung Kee (Bermuda) Holdings Limited 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$1.25 and HK$1.32. 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).

Support, Risk & Stop-loss for Lung Kee (Bermuda) Holdings Limited stock

Lung Kee (Bermuda) Holdings Limited finds support from accumulated volume at HK$1.18 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.660%.

Lung Kee (Bermuda) Holdings Limited is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0255.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Lung Kee (Bermuda) Holdings Limited to open at HK$1.22, and during the day (based on 14 day Average True Range), to move between HK$1.20 and HK$1.24, which gives a possible trading interval of +/-HK$0.0246 (+/-2.01%) up or down from last closing price. If Lung Kee (Bermuda) Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$1.25 (2.46%) than the support at HK$1.18 (3.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Lung Kee (Bermuda) Holdings Limited stock A Buy?

The Lung Kee (Bermuda) Holdings Limited stock holds several negative signals and despite the positive trend, we believe Lung Kee (Bermuda) Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.251 Sell Candidate Unchanged

Predicted Opening Price for Lung Kee (Bermuda) Holdings Limited of Tuesday, June 18, 2024

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