China Lilang Limited 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
China Lilang Limited stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The China Lilang Limited stock price gained 1.48% on the last trading day (Friday, 3rd May 2024), rising from HK$4.74 to HK$4.81. During the last trading day the stock fluctuated 1.46% from a day low at HK$4.78 to a day high of HK$4.85. The price has fallen in 6 of the last 10 days and is down by -1.64% for this period. Volume fell on the last day by -106 thousand shares and in total, 739 thousand shares were bought and sold for approximately HK$3.55 million. 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 in the lower part of a 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$4.67 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 22.51% during the next 3 months and, with a 90% probability hold a price between HK$5.72 and HK$6.65 at the end of this 3-month period.
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1234.HK Signals & Forecast
The China Lilang Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$4.74 and HK$4.75. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, April 05, 2024, and so far it has fallen -5.69%. 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).
Support, Risk & Stop-loss for China Lilang Limited stock
China Lilang Limited finds support from accumulated volume at HK$4.77 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$0.0700 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: HK$4.63 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (1234.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China Lilang Limited to open at HK$4.81, and during the day (based on 14 day Average True Range), to move between HK$4.66 and HK$4.96, which gives a possible trading interval of +/-HK$0.152 (+/-3.16%) up or down from last closing price. If China Lilang Limited takes out the full calculated possible swing range there will be an estimated 6.32% 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$4.77 (0.83%) than the resistance at HK$4.86 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Lilang Limited stock A Buy?
China Lilang Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.591 Hold/Accumulate Upgraded
Predicted Opening Price for China Lilang Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$4.81 ( 0.0693%) | HK$4.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1234.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.88 | 1.52 % | |
| R2 | 4.86 | 0.97 % | ||
| R1 | 4.84 | 0.625 % | ||
| Current price: | 4.81 | |||
| Support | S1 | 4.79 | -0.487 % | |
| S2 | 4.77 | -0.83 % | ||
| S3 | 4.74 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.05 | 4.99 % | |
| R2 | 4.90 | 1.87 % | ||
| R1 | 4.86 | 1.04 % | ||
| Current price | 4.81 | |||
| Support | S1 | 4.77 | -0.83% | |
| S2 | 4.45 | -7.48% | ||
| S3 | 4.25 | -11.64% |
1234 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 22, 2024 | HK$0.180 | 3.72% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | HK$0.0500 | 1.38% |
| 3 | May 03, 2023 | May 03, 2023 | May 03, 2023 | HK$0.0500 | 1.24% |
| 4 | Sep 06, 2022 | Sep 06, 2022 | Sep 06, 2022 | HK$0.0500 | 1.39% |
| 5 | May 04, 2022 | May 04, 2022 | May 04, 2022 | HK$0.0500 | 1.35% |
FAQ
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