Lung Kee (Bermuda) Holdings Limited Stock Forecast
Lung Kee (Bermuda) Holdings Limited stock price down 0.82% on Wednesday
(Updated on Jun 26, 2024)
The Lung Kee (Bermuda) Holdings Limited stock price fell by -0.82% on the last day (Wednesday, 26th Jun 2024) from HK$1.22 to HK$1.21. During the last trading day the stock fluctuated 0% from a day low at HK$1.21 to a day high of HK$1.21. The price has fallen in 5 of the last 10 days and is down by -3.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -144 thousand shares and in total, 18 thousand shares were bought and sold for approximately HK$21.78 thousand.
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$1.21 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 13.19% during the next 3 months and, with a 90% probability hold a price between HK$1.37 and HK$1.73 at the end of this 3-month period.
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0255.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.83%. 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 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$1.22 and HK$1.33. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
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, but be aware of low or falling volume as this increases the risk. 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 1.01%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Lung Kee (Bermuda) Holdings Limited to open at HK$1.21, and during the day (based on 14 day Average True Range), to move between HK$1.19 and HK$1.23, which gives a possible trading interval of +/-HK$0.0238 (+/-1.96%) 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 3.93% 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$1.22 (0.83%) than the support at HK$1.18 (2.48%), 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: -2.650 Sell Candidate Unchanged
Predicted Opening Price for Lung Kee (Bermuda) Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$1.21 ( 0%) | HK$1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0255.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.21 | - |
| R2 | 1.21 | - |
| R1 | 1.21 | - |
| Price | 1.21 | |
| S1 | 1.21 | - |
| S2 | 1.21 | - |
| S3 | 1.21 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.27 | 4.96% |
| R2 | 1.26 | 4.13% |
| R1 | 1.22 | 0.83% |
| Price | 1.21 | |
| S1 | 1.18 | -2.48% |
| S2 | 1.14 | -5.79% |
| S3 | 1.13 | -6.61% |
0255 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 18, 2024 | HK$0.0500 | 4.00% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.0500 | 3.21% |
| 3 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.0500 | 3.16% |
| 4 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.0600 | 3.06% |
| 5 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.0600 | 2.30% |
FAQ
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