LKS Holding Group Limited Stock Forecast

On Thursday, LKS Holding Group Limited stock price gained an impressive 10.58%
(Updated on Jun 20, 2024)

1867.HK Signals & Forecast

Mostly positive signals in the chart today. The LKS Holding Group 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$0.227 and HK$0.225. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 10.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). LKS Holding Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for LKS Holding Group Limited stock

LKS Holding Group Limited finds support from accumulated volume at HK$0.226 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$0.0160 between high and low, or 7.48%. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: HK$0.221 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (1867.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect LKS Holding Group Limited to open at HK$0.225, and during the day (based on 14 day Average True Range), to move between HK$0.220 and HK$0.240, which gives a possible trading interval of +/-HK$0.0096 (+/-4.18%) up or down from last closing price. If LKS Holding Group Limited takes out the full calculated possible swing range there will be an estimated 8.37% 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$0.231 (0.43%) than the support at HK$0.226 (1.74%), 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 LKS Holding Group Limited stock A Buy?

LKS Holding Group Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.397 Strong Buy Candidate Upgraded

Predicted Opening Price for LKS Holding Group Limited of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.