LUZHENG FUTURES Company 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
LUZHENG FUTURES Company Limited stock price ended at HK$0.480 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of LUZHENG FUTURES Company Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 4.17% from a day low at HK$0.480 to a day high of HK$0.500. The price has been going up and down for this period, and there has been a -9.43% loss for the last 2 weeks.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.476 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect LUZHENG FUTURES Company Limited stock with a 90% probability to be traded between HK$0.472 and HK$0.563 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1461.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 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. The LUZHENG FUTURES Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.491 and HK$0.537. A break-up above any of these levels will issue buy signals. 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 LUZHENG FUTURES Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0200 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 5.28%.
LUZHENG FUTURES Company Limited is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1461.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect LUZHENG FUTURES Company Limited to open at HK$0.487, and during the day (based on 14 day Average True Range), to move between HK$0.457 and HK$0.503, which gives a possible trading interval of +/-HK$0.0226 (+/-4.71%) up or down from last closing price. If LUZHENG FUTURES Company Limited takes out the full calculated possible swing range there will be an estimated 9.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.490, some HK$0.0100 (2.08%) from the current price of HK$0.480, our system finds the risk reward not very attractive.
Is LUZHENG FUTURES Company Limited stock A Buy?
LUZHENG FUTURES Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.243 Sell Candidate Unchanged
Predicted Opening Price for LUZHENG FUTURES Company Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.487 ( 1.39%) | HK$0.480 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1461.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.507 | 5.56% |
| R2 | 0.499 | 3.96% |
| R1 | 0.494 | 2.98% |
| Price | 0.480 | |
| S1 | 0.479 | -0.203% |
| S2 | 0.474 | -1.19% |
| S3 | 0.467 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.550 | 14.58% |
| R2 | 0.540 | 12.50% |
| R1 | 0.490 | 2.08% |
| Price | 0.480 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1461 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Aug 08, 2024 | HK$0.0151 | 3.14% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.0176 | 2.63% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.0210 | 2.69% |
| 4 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | HK$0.0286 | 5.61% |
| 5 | Jun 25, 2019 | Jun 25, 2019 | Jun 25, 2019 | HK$0.0620 | 6.02% |
FAQ
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