RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 0590.HK
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for Luk Fook Holdings (International) Ltd stock after losing 0.92%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -2.72% PDF

The Luk Fook Holdings (International) Ltd stock price fell by -0.92% on the last day (Thursday, 28th Mar 2024) from HK$21.65 to HK$21.45. During the last trading day the stock fluctuated 2.59% from a day low at HK$21.20 to a day high of HK$21.75. The price has fallen in 6 of the last 10 days and is down by -5.3% 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 -558 thousand shares and in total, 381 thousand shares were bought and sold for approximately HK$8.17 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.30% during the next 3 months and, with a 90% probability hold a price between HK$22.38 and HK$25.84 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

0590.HK Signals & Forecast

The Luk Fook Holdings (International) Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$21.65. On a fall, the stock will find some support from the long-term average at approximately HK$21.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has fallen 0%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Luk Fook Holdings (International) Ltd stock

Luk Fook Holdings (International) Ltd finds support from accumulated volume at HK$20.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.550 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 3.25%.

Our recommended stop-loss: HK$20.12 (-6.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (0590.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Luk Fook Holdings (International) Limited to open at HK$21.47, and during the day (based on 14 day Average True Range), to move between HK$20.81 and HK$22.09, which gives a possible trading interval of +/-HK$0.643 (+/-3.00%) up or down from last closing price. If Luk Fook Holdings (International) Limited takes out the full calculated possible swing range there will be an estimated 5.99% 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$21.65 (0.93%) than the support at HK$20.70 (3.50%), 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 Luk Fook Holdings (International) Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Luk Fook Holdings (International) Ltd stock to perform well in the short-term.

Current score: 4.626 Buy Candidate Unchanged

Predicted Opening Price for Luk Fook Holdings (International) Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$21.47 ( 0.0777%) HK$21.45

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

Trading levels for 0590.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.02 2.64 %
R2 21.81 1.66 %
R1 21.68 1.06 %
Current price: 21.45
Support S1 21.26 -0.90 %
S2 21.13 -1.51 %
S3 20.92 -2.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.25 3.73 %
R2 22.00 2.56 %
R1 21.65 0.93 %
Current price 21.45
Support S1 20.70 -3.50%
S2 20.65 -3.73%
S3 20.55 -4.20%

0590 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 12, 2023 Dec 12, 2023 Dec 12, 2023 HK$0 0%
2 Dec 09, 2022 Dec 09, 2022 Dec 09, 2022 HK$0.550 2.55%
3 Aug 22, 2022 Aug 22, 2022 Aug 22, 2022 HK$0.550 2.81%
4 Dec 10, 2021 Dec 10, 2021 Dec 10, 2021 HK$0.550 2.43%
5 Aug 23, 2021 Aug 23, 2021 Aug 23, 2021 HK$0.500 2.31%

FAQ

What is the symbol for Luk Fook Holdings (International) Limited Stock and on which exchange is it traded?
The symbol for Luk Fook Holdings (International) Limited is 0590.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Luk Fook Holdings (International) Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Luk Fook Holdings (International) Ltd stock to perform well in the short-term.

How to buy Luk Fook Holdings (International) Limited Stock?
Luk Fook Holdings (International) Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Luk Fook Holdings (International) Limited Stock.

What's the current price of Luk Fook Holdings (International) Limited Stock?
As of the end of day on the 2024-03-28, the price of an Luk Fook Holdings (International) Limited (0590.HK) share was HK$21.45.

What is the 52-week high and low for Luk Fook Holdings (International) Limited Stock?
The 52-week high for Luk Fook Holdings (International) Limited Stock is HK$27.25 and the 52-week low is HK$18.64.

What is the market capitalization of Luk Fook Holdings (International) Limited Stock?
As of the 2024-03-28, the market capitalization of Luk Fook Holdings (International) Limited is 12.593B.

When is the next earnings date for Luk Fook Holdings (International) Limited?
The upcoming earnings date for Luk Fook Holdings (International) Limited is Jun 25, 2024.
Click to get the best stock tips daily for free!

About Luk Fook Holdings (International) Limited

Luk Fook Holdings (International) Limited Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products. It is also involved in gold bullion trading; wholesaling polished diamonds; property holding; wholesaling and retailing watches; electronic retailing of gold and jewelry products; and the provision of quality examination services, ... 0590.HK Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT