Lee's Pharmaceutical Holdings Limited Stock Forecast
Strong day for Lee's Pharmaceutical Holdings Limited stock price on Tuesday rising 7.02% to HK$1.22
(Updated on Jun 18, 2024)
The Lee's Pharmaceutical Holdings Limited stock price gained 7.02% on the last trading day (Tuesday, 18th Jun 2024), rising from HK$1.14 to HK$1.22. During the last trading day the stock fluctuated 9.91% from a day low at HK$1.11 to a day high of HK$1.22. The price has fallen in 4 of the last 10 days and is down by -1.61% for this period. Volume fell on the last day by -45 thousand shares and in total, 92 thousand shares were bought and sold for approximately HK$111.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$1.24 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with a 90% probability hold a price between HK$1.03 and HK$1.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0950.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Lee's Pharmaceutical Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.20 and HK$1.17. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Lee's Pharmaceutical Holdings Limited stock
Lee's Pharmaceutical Holdings Limited finds support from accumulated volume at HK$1.20 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$0.110 between high and low, or 9.91%. For the last week the stock has had daily average volatility of 9.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0950.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Lee's Pharmaceutical Holdings Limited to open at HK$1.18, and during the day (based on 14 day Average True Range), to move between HK$1.17 and HK$1.27, which gives a possible trading interval of +/-HK$0.0523 (+/-4.29%) up or down from last closing price. If Lee's Pharmaceutical Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.58% 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$1.23 (0.82%) than the support at HK$1.20 (1.64%), 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 Lee's Pharmaceutical Holdings Limited stock A Buy?
Lee's Pharmaceutical Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.162 Sell Candidate Unchanged
Predicted Opening Price for Lee's Pharmaceutical Holdings Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| HK$1.18 ( 3.01%) | HK$1.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0950.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.29 | 6.01% |
| R2 | 1.25 | 2.57% |
| R1 | 1.23 | 0.439% |
| Price | 1.22 | |
| S1 | 1.14 | -6.45% |
| S2 | 1.12 | -8.58% |
| S3 | 1.07 | -12.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.27 | 4.10% |
| R2 | 1.24 | 1.64% |
| R1 | 1.23 | 0.82% |
| Price | 1.22 | |
| S1 | 1.20 | -1.64% |
| S2 | 1.19 | -2.46% |
| S3 | 1.15 | -5.74% |
0950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 17, 2024 | HK$0.0100 | 0.88% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Oct 04, 2023 | HK$0.0080 | 0.615% |
| 3 | May 25, 2023 | May 25, 2023 | May 25, 2023 | HK$0.0100 | 0.714% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.0100 | 0.521% |
| 5 | May 26, 2022 | May 26, 2022 | May 26, 2022 | HK$0.0310 | 1.67% |
FAQ
Click here for our free guide on how to buy Lee's Pharmaceutical Holdings Limited Stock.
