LKS Holding Group Limited Stock Forecast

Red day on Thursday for LKS Holding Group Limited
(Updated on Jun 27, 2024)

1867.HK Signals & Forecast

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$0.228 and HK$0.226. 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 12.98%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 LKS Holding Group Limited stock

LKS Holding Group Limited finds support from accumulated volume at HK$0.230 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, but be aware of low or falling volume as this increases the risk. 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 1.87%.

Our recommended stop-loss: HK$0.226 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (1867.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect LKS Holding Group Limited to open at HK$0.235, and during the day (based on 14 day Average True Range), to move between HK$0.227 and HK$0.243, which gives a possible trading interval of +/-HK$0.0085 (+/-3.60%) 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 7.20% 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$0.230 (2.13%) than the resistance at HK$0.265 (12.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LKS Holding Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LKS Holding Group Limited stock to perform well in the short-term.

Current score: 3.982 Buy Candidate Unchanged

Predicted Opening Price for LKS Holding Group Limited of Friday, June 28, 2024

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