Luye Pharma Group Ltd. 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
Luye Pharma Group Ltd. stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
No changes to the price of Luye Pharma Group Ltd. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 3.74% from a day low at HK$2.94 to a day high of HK$3.05. The price has risen in 7 of the last 10 days and is up by 15.27% over the past 2 weeks.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$3.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.37% during the next 3 months and, with a 90% probability hold a price between HK$2.71 and HK$3.22 at the end of this 3-month period.
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2186.HK Signals & Forecast
The Luye Pharma Group Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$2.81 and HK$2.82. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Luye Pharma Group Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$2.75 and HK$2.73. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Luye Pharma Group Ltd. finds support just below today's level at HK$2.75. If this is broken, then the next support from accumulated volume will be at HK$2.73 and HK$2.58.
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$0.110 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 4.51%.
Our recommended stop-loss: HK$2.91 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2186.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Luye Pharma Group Ltd. to open at HK$3.00, and during the day (based on 14 day Average True Range), to move between HK$2.91 and HK$3.13, which gives a possible trading interval of +/-HK$0.112 (+/-3.70%) up or down from last closing price. If Luye Pharma Group Ltd. takes out the full calculated possible swing range there will be an estimated 7.41% 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$3.03 (0.33%) than the support at HK$2.75 (8.94%), 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 Luye Pharma Group Ltd. stock A Buy?
Luye Pharma Group Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.655 Hold/Accumulate Downgraded
Predicted Opening Price for Luye Pharma Group Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$3.00 ( 0.552%) | HK$3.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2186.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.11 | 3.09 % | |
| R2 | 3.07 | 1.70 % | ||
| R1 | 3.05 | 0.84 % | ||
| Current price: | 3.02 | |||
| Support | S1 | 2.96 | -1.94 % | |
| S2 | 2.94 | -2.80 % | ||
| S3 | 2.89 | -4.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.06 | 1.32 % | ||
| R1 | 3.03 | 0.331 % | ||
| Current price | 3.02 | |||
| Support | S1 | 2.75 | -8.94% | |
| S2 | 2.73 | -9.60% | ||
| S3 | 2.58 | -14.57% |
2186 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2020 | Jun 29, 2020 | Jul 24, 2020 | HK$0.0600 | 1.27% |
| 2 | Aug 28, 2019 | Sep 09, 2019 | Sep 30, 2019 | HK$0.0670 | 1.20% |
| 3 | Mar 28, 2019 | Jun 14, 2019 | Jul 18, 2019 | HK$0.0650 | 1.05% |
| 4 | Aug 26, 2018 | Sep 06, 2018 | Sep 28, 2018 | HK$0.0510 | 0.726% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | HK$0.0540 | 0.631% |
FAQ
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