LH Group Limited Stock Forecast
Weaker technical forecast for LH Group Limited as stock downgraded to Sell Candidate.
(Updated on Jun 04, 2024)
The LH Group Limited stock price fell by -1.20% on the last day (Tuesday, 4th Jun 2024) from HK$0.83 to HK$0.82. During the last trading day the stock fluctuated 1.22% from a day low at HK$0.82 to a day high of HK$0.83. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -834 thousand shares and in total, 210 thousand shares were bought and sold for approximately HK$172.20 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.63% during the next 3 months and, with a 90% probability hold a price between HK$0.608 and HK$0.719 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1978.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.50%. 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 LH Group 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$0.82 and HK$0.82. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for LH Group Limited stock
LH Group Limited finds support from accumulated volume at HK$0.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0100 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.48%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1978.HK) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect LH Group Limited to open at HK$0.82, and during the day (based on 14 day Average True Range), to move between HK$0.81 and HK$0.83, which gives a possible trading interval of +/-HK$0.0125 (+/-1.52%) up or down from last closing price. If LH Group Limited takes out the full calculated possible swing range there will be an estimated 3.04% 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$0.81 (1.22%) than the resistance at HK$0.83 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
LH Group Limited will release earnings BMO on Thursday, June 06, 2024. We will update the financials statements for LH Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.65% in the first trading day after earnings release.
Is LH Group Limited stock A Buy?
LH Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.067 Sell Candidate Downgraded
Predicted Opening Price for LH Group Limited of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| HK$0.82 ( 0.407%) | HK$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1978.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 1.63 % | |
| R2 | 0.83 | 1.16 % | ||
| R1 | 0.83 | 0.87 % | ||
| Current price: | 0.82 | |||
| Support | S1 | 0.82 | -0.0593 % | |
| S2 | 0.82 | -0.347 % | ||
| S3 | 0.81 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 10.98 % | |
| R2 | 0.84 | 2.44 % | ||
| R1 | 0.83 | 1.22 % | ||
| Current price | 0.82 | |||
| Support | S1 | 0.81 | -1.22% | |
| S2 | 0.80 | -2.44% | ||
| S3 | 0 | . |
1978 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 27, 2024 | HK$0.0406 | 4.95% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | HK$0.125 | 11.57% |
| 3 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | HK$0.0777 | 6.76% |
| 4 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | HK$0.0605 | 6.05% |
| 5 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | HK$0.0240 | 2.64% |
FAQ
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