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$0.490 on Thursday, after losing 2.00%.
(Updated on Jun 20, 2024)
The LUZHENG FUTURES Company Limited stock price fell by -2.00% on the last day (Thursday, 20th Jun 2024) from HK$0.500 to HK$0.490. During the last trading day the stock fluctuated 4.08% from a day low at HK$0.490 to a day high of HK$0.510. The price has been going up and down for this period, and there has been a -7.55% loss for the last 2 weeks. Volume has increased on the last day by 67 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 107 thousand shares were bought and sold for approximately HK$52.43 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.478 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.61% during the next 3 months and, with a 90% probability hold a price between HK$0.466 and HK$0.548 at the end of this 3-month period.
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1461.HK Signals & Forecast
There are mixed signals in the stock today. The LUZHENG FUTURES Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.531. On a fall, the stock will find some support from the short-term average at HK$0.486. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). LUZHENG FUTURES Company Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.08%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for LUZHENG FUTURES Company Limited stock
LUZHENG FUTURES Company Limited finds support from accumulated volume at HK$0.485 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$0.0200 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.39%.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect LUZHENG FUTURES Company Limited to open at HK$0.497, and during the day (based on 14 day Average True Range), to move between HK$0.468 and HK$0.512, which gives a possible trading interval of +/-HK$0.0219 (+/-4.46%) 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 8.92% 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$0.485 (1.02%) than the resistance at HK$0.540 (10.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LUZHENG FUTURES Company Limited stock A Buy?
LUZHENG FUTURES Company 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: -1.516 Sell Candidate Unchanged
Predicted Opening Price for LUZHENG FUTURES Company Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.497 ( 1.36%) | HK$0.490 |
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 | 0.517 | 5.44% |
| R2 | 0.509 | 3.88% |
| R1 | 0.504 | 2.92% |
| Price | 0.490 | |
| S1 | 0.489 | -0.199% |
| S2 | 0.484 | -1.16% |
| S3 | 0.477 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.570 | 16.33% |
| R2 | 0.550 | 12.24% |
| R1 | 0.540 | 10.20% |
| Price | 0.490 | |
| S1 | 0.485 | -1.02% |
| S2 | 0.480 | -2.04% |
| 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 | 3.08% |
| 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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