Li Bao Ge Group Limited Stock Forecast
Li Bao Ge Group Limited stock price up 3.89% on Friday
(Updated on May 10, 2024)
The Li Bao Ge Group Limited stock price gained 3.89% on the last trading day (Friday, 10th May 2024), rising from HK$0.180 to HK$0.187. During the last trading day the stock fluctuated 4.86% from a day low at HK$0.185 to a day high of HK$0.194. The price has risen in 5 of the last 10 days but is still down by -1.58% for this period. Volume fell on the last day by -510 thousand shares and in total, 740 thousand shares were bought and sold for approximately HK$138.38 thousand. 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 very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.171 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 7.25% during the next 3 months and, with a 90% probability hold a price between HK$0.183 and HK$0.292 at the end of this 3-month period.
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1869.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 10.00%. 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. The Li Bao Ge Group 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$0.205. On a fall, the stock will find some support from the short-term average at HK$0.185. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Li Bao Ge Group Limited stock
Li Bao Ge Group Limited finds support from accumulated volume at HK$0.180 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0090 between high and low, or 4.86%. For the last week the stock has had daily average volatility of 8.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1869.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Li Bao Ge Group Limited to open at HK$0.189, and during the day (based on 14 day Average True Range), to move between HK$0.168 and HK$0.206, which gives a possible trading interval of +/-HK$0.0189 (+/-10.13%) up or down from last closing price. If Li Bao Ge Group Limited takes out the full calculated possible swing range there will be an estimated 20.26% 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$0.190 (1.60%) than the support at HK$0.180 (3.74%), 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 Li Bao Ge Group Limited stock A Buy?
Li Bao Ge Group 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: -1.926 Sell Candidate Unchanged
Predicted Opening Price for Li Bao Ge Group Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.189 ( 0.89%) | HK$0.187 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1869.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.198 | 5.70 % | |
| R2 | 0.194 | 3.87 % | ||
| R1 | 0.192 | 2.73 % | ||
| Current price: | 0.187 | |||
| Support | S1 | 0.185 | -0.95 % | |
| S2 | 0.183 | -2.08 % | ||
| S3 | 0.180 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.229 | 22.46 % | |
| R2 | 0.216 | 15.51 % | ||
| R1 | 0.190 | 1.60 % | ||
| Current price | 0.187 | |||
| Support | S1 | 0.180 | -3.74% | |
| S2 | 0.179 | -4.28% | ||
| S3 | 0.170 | -9.09% |
1869 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2023 | May 25, 2023 | May 25, 2023 | HK$0.0269 | 11.21% |
| 2 | Mar 25, 2019 | May 27, 2019 | Jun 21, 2019 | HK$0.0050 | 1.61% |
| 3 | Feb 12, 2018 | May 31, 2018 | Jun 27, 2018 | HK$0.0149 | 3.75% |
| 4 | Mar 27, 2017 | Jun 01, 2017 | Jun 01, 2017 | HK$0.0084 | 0.141% |
FAQ
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