Lianhua Supermarket Holdings Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lianhua Supermarket Holdings Co., Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
No changes to the price of Lianhua Supermarket Holdings Co., Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.445 to a day high of HK$0.445. The price has fallen in 4 of the last 10 days and is down by -6.32% for this period.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.449. A reaction back to this level may hold a second chance to get out before further falls.
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0980.HK Signals & Forecast
The Lianhua Supermarket Holdings Co., 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$0.453. On a fall, the stock will find some support from the long-term average at approximately HK$0.424. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lianhua Supermarket Holdings Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.390 and HK$0.370. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lianhua Supermarket Holdings Co., Ltd. finds support just below today's level at HK$0.390. If this is broken, then the next support from accumulated volume will be at HK$0.370 and HK$0.360.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 7.08%
Our recommended stop-loss: HK$0.426 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (0980.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Lianhua Supermarket Holdings Co., Ltd. to open at HK$0.445, and during the day (based on 14 day Average True Range), to move between HK$0.421 and HK$0.469, which gives a possible trading interval of +/-HK$0.0240 (+/-5.39%) up or down from last closing price. If Lianhua Supermarket Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.78% 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$0.450 (1.12%) than the support at HK$0.390 (12.36%), 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 Lianhua Supermarket Holdings Co., Ltd. stock A Buy?
Lianhua Supermarket Holdings Co., Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lianhua Supermarket Holdings Co., Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.445 ( 0%) | HK$0.445 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0980.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.445 | - |
| R2 | 0.445 | - |
| R1 | 0.445 | - |
| Price | 0.445 | |
| S1 | 0.445 | - |
| S2 | 0.445 | - |
| S3 | 0.445 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.480 | 7.87% |
| R2 | 0.475 | 6.74% |
| R1 | 0.450 | 1.12% |
| Price | 0.445 | |
| S1 | 0.390 | -12.36% |
| S2 | 0.370 | -16.85% |
| S3 | 0.360 | -19.10% |
0980 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2013 | Jun 21, 2013 | Jun 21, 2013 | HK$0.0882 | 1.97% |
| 2 | Sep 13, 2012 | Sep 13, 2012 | Sep 13, 2012 | HK$0.0979 | 1.56% |
| 3 | Jun 21, 2012 | Jun 21, 2012 | Jun 21, 2012 | HK$0.147 | 1.90% |
| 4 | Sep 30, 2011 | Sep 30, 2011 | Sep 30, 2011 | HK$0.0976 | 0.88% |
| 5 | May 26, 2011 | May 26, 2011 | May 26, 2011 | HK$0.120 | 0.644% |
FAQ
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