HKEX:2898

Longrun Tea Group Company Stock Forecast

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HK$7.39
+0.140 (+1.93%)
At Close: Nov 18, 2025
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Longrun Tea Group Company Ltd stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session
(Updated on Nov 18, 2025)

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Buy candidate since Nov 18, 2025

The Longrun Tea Group Company Ltd stock price gained 1.93% on the last trading day (Tuesday, 18th Nov 2025), rising from HK$7.25 to HK$7.39. During the last trading day the stock fluctuated 1.90% from a day low at HK$7.36 to a day high of HK$7.50. The price has risen in 4 of the last 10 days but is still down by -5.98% for this period. Volume fell on the last day by -29 thousand shares and in total, 4 thousand shares were bought and sold for approximately HK$28.08 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 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$7.25 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 2.79% during the next 3 months and, with a 90% probability hold a price between HK$7.46 and HK$8.57 at the end of this 3-month period.

2898.HK Signals & Forecast

The Longrun Tea Group Company Ltd 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$7.63 and HK$7.70. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, November 17, 2025, and so far it has risen 1.93%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Longrun Tea Group Company Ltd stock

Longrun Tea Group Company Ltd finds support from accumulated volume at HK$7.31 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 controlled movements and therefore the general risk is considered 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$0.140 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: HK$7.03 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (2898.HK) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Longrun Tea Group Company Ltd to open at HK$7.42, and during the day (based on 14 day Average True Range), to move between HK$7.26 and HK$7.52, which gives a possible trading interval of +/-HK$0.261 (+/-3.59%) up or down from last closing price. If Longrun Tea Group Company Ltd takes out the full calculated possible swing range there will be an estimated 3.59% 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$7.40 (0.14%) than the support at HK$7.31 (1.08%), 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 Longrun Tea Group Company Ltd stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.687 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on November 19, 2025 - HK$7.42 ( 0.361%).

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2898.HK Performance

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Fibonacci Support & Resistance Levels

Level Price
R3 7.56 2.26%
R2 7.50 1.53%
R1 7.47 1.08%
Price 7.39
S1 7.36 -0.363%
S2 7.33 -0.81%
S3 7.28 -1.53%

Accumulated Volume Support & Resistance Levels

Level Price
R3 7.90 6.90%
R2 7.67 3.79%
R1 7.40 0.135%
Price 7.39
S1 7.31 -1.08%
S2 7.25 -1.89%
S3 6.81 -7.85%

FAQ

What is the symbol for Longrun Tea Group Company Ltd Stock and on which exchange is it traded?
The symbol for Longrun Tea Group Company Ltd is 2898.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Longrun Tea Group Company Ltd Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Longrun Tea Group Company Ltd Stock?
Longrun Tea Group Company Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Longrun Tea Group Company Ltd Stock.

What's the current price of Longrun Tea Group Company Ltd Stock?
As of the end of day on the Nov 18, 2025, the price of an Longrun Tea Group Company Ltd (2898.HK) share was HK$7.39.

What is the 52-week high and low for Longrun Tea Group Company Ltd Stock?
The 52-week high for Longrun Tea Group Company Ltd Stock is HK$8.20 and the 52-week low is HK$3.00.

What is the market capitalization of Longrun Tea Group Company Ltd Stock?
As of the Nov 18, 2025, the market capitalization of Longrun Tea Group Company Ltd is 1.136B.
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