Lai Si Enterprise Holding Limited Stock Forecast
Big movements in Lai Si Enterprise Holding Limited stock price on Friday moving 10.17% between high and low
(Updated on Jun 28, 2024)
The Lai Si Enterprise Holding Limited stock price gained 12.07% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.290 to HK$0.325. During the last trading day the stock fluctuated 10.17% from a day low at HK$0.295 to a day high of HK$0.325. The price has been going up and down for this period, and there has been a 3.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 142 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately HK$46.15 thousand.
The stock lies the upper part of a wide and falling 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$0.330 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.81% during the next 3 months and, with a 90% probability hold a price between HK$0.278 and HK$0.317 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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2266.HK Signals & Forecast
The Lai Si Enterprise Holding Limited 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$0.306 and HK$0.320. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 12.07%. Further rise is indicated until a new top pivot has been found. Lai Si Enterprise Holding 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lai Si Enterprise Holding Limited stock
Lai Si Enterprise Holding Limited finds support from accumulated volume at HK$0.320 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$0.0300 between high and low, or 10.17%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: HK$0.311 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (2266.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Lai Si Enterprise Holding Limited to open at HK$0.315, and during the day (based on 14 day Average True Range), to move between HK$0.309 and HK$0.341, which gives a possible trading interval of +/-HK$0.0162 (+/-4.98%) up or down from last closing price. If Lai Si Enterprise Holding Limited takes out the full calculated possible swing range there will be an estimated 9.96% 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$0.330 (1.54%) than the support at HK$0.320 (1.54%), 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 Lai Si Enterprise Holding Limited stock A Buy?
Lai Si Enterprise Holding Limited 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lai Si Enterprise Holding Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.315 ( 3.08%) | HK$0.325 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2266.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.345 | 6.15% |
| R2 | 0.334 | 2.63% |
| R1 | 0.326 | 0.449% |
| Price | 0.325 | |
| S1 | 0.304 | -6.60% |
| S2 | 0.296 | -8.78% |
| S3 | 0.285 | -12.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.335 | 3.08% |
| R1 | 0.330 | 1.54% |
| Price | 0.325 | |
| S1 | 0.320 | -1.54% |
| S2 | 0.300 | -7.69% |
| S3 | 0.290 | -10.77% |
2266 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 24, 2020 | Jun 30, 2020 | Jul 15, 2020 | HK$0.0113 | 2.16% |
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