L.K. Technology Holdings Limited Stock Forecast
L.K. Technology Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The L.K. Technology Holdings Limited stock price gained 4.97% on the last trading day (Friday, 26th Apr 2024), rising from HK$3.02 to HK$3.17. During the last trading day the stock fluctuated 4.26% from a day low at HK$3.05 to a day high of HK$3.18. The price has risen in 6 of the last 10 days and is up by 2.26% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately HK$12.35 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.70% during the next 3 months and, with a 90% probability hold a price between HK$2.67 and HK$3.29 at the end of this 3-month period.
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0558.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.41%. Further rise is indicated until a new top pivot has been found. 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. The L.K. Technology Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$3.18. On a fall, the stock will find some support from the short-term average at HK$2.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for L.K. Technology Holdings Limited stock
L.K. Technology Holdings Limited finds support from accumulated volume at HK$3.10 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$0.130 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: HK$3.04 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (0558.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect L.K. Technology Holdings Limited to open at HK$3.13, and during the day (based on 14 day Average True Range), to move between HK$3.03 and HK$3.31, which gives a possible trading interval of +/-HK$0.143 (+/-4.51%) up or down from last closing price. If L.K. Technology Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.03% 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$3.10 (2.21%) than the resistance at HK$3.25 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L.K. Technology Holdings Limited stock A Buy?
L.K. Technology Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.279 Hold/Accumulate Upgraded
Predicted Opening Price for L.K. Technology Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$3.13 ( 1.16%) | HK$3.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0558.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.26 | 2.94 % | |
| R2 | 3.21 | 1.38 % | ||
| R1 | 3.18 | 0.410 % | ||
| Current price: | 3.17 | |||
| Support | S1 | 3.08 | -2.72 % | |
| S2 | 3.05 | -3.69 % | ||
| S3 | 3.00 | -5.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.30 | 4.10 % | |
| R2 | 3.27 | 3.15 % | ||
| R1 | 3.25 | 2.52 % | ||
| Current price | 3.17 | |||
| Support | S1 | 3.10 | -2.21% | |
| S2 | 3.06 | -3.47% | ||
| S3 | 2.95 | -6.94% |
0558 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | HK$0 | 0% |
| 2 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | HK$0.0400 | 0.562% |
| 3 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.0400 | 0.357% |
| 4 | Dec 17, 2021 | Dec 17, 2021 | Dec 17, 2021 | HK$0.0600 | 0.339% |
| 5 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | HK$0.0300 | 0.124% |
FAQ
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