Lepu Medical Technology (Beijing) Co Ltd Stock Forecast
Lepu Medical Technology (Beijing) Co Ltd stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Lepu Medical Technology (Beijing) Co Ltd stock price gained 2.65% on the last trading day (Friday, 10th May 2024), rising from ¥15.45 to ¥15.86. During the last trading day the stock fluctuated 8.38% from a day low at ¥14.79 to a day high of ¥16.03. The price has risen in 8 of the last 10 days and is up by 13.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 48 million shares were bought and sold for approximately ¥754.87 million.
Given the current short-term trend, the stock is expected to fall -4.33% during the next 3 months and, with a 90% probability hold a price between ¥12.58 and ¥15.17 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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300003.SZ Signals & Forecast
Mostly positive signals in the chart today. The Lepu Medical Technology (Beijing) Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥15.05 and ¥14.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 19.16%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lepu Medical Technology (Beijing) Co Ltd stock
Lepu Medical Technology (Beijing) Co Ltd finds support from accumulated volume at ¥15.16 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 ¥1.24 between high and low, or 8.38%. For the last week, the stock has had daily average volatility of 4.29%.
The Lepu Medical Technology (Beijing) Co Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ¥15.33 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (300003.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Lepu Medical Technology (Beijing) Co Ltd to open at ¥15.56, and during the day (based on 14 day Average True Range), to move between ¥15.24 and ¥16.48, which gives a possible trading interval of +/-¥0.622 (+/-3.92%) up or down from last closing price. If Lepu Medical Technology (Beijing) Co Ltd takes out the full calculated possible swing range there will be an estimated 7.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥15.16, some ¥0.700 (4.41%) from the current price of ¥15.86, our system finds the risk reward attractive.
Earnings coming up
Lepu Medical Technology (Beijing) Co Ltd will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.270. We will update the financials statements for Lepu Medical Technology (Beijing) Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.10% in the first trading day after earnings release.
Is Lepu Medical Technology (Beijing) Co Ltd stock A Buy?
Lepu Medical Technology (Beijing) Co Ltd holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Lepu Medical Technology (Beijing) Co Ltd stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.034 Strong Buy Candidate Upgraded
Predicted Opening Price for Lepu Medical Technology (Beijing) Co Ltd of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
¥15.56 ( 1.89%) | ¥15.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300003.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.80 | 5.93 % | |
R2 | 16.33 | 2.94 % | ||
R1 | 16.03 | 1.10 % | ||
Current price: | 15.86 | |||
Support | S1 | 15.09 | -4.88 % | |
S2 | 14.79 | -6.72 % | ||
S3 | 14.32 | -9.71 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 15.86 | |||
Support | S1 | 15.16 | -4.41% | |
S2 | 14.67 | -7.50% | ||
S3 | 13.90 | -12.36% |
300003 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ¥0.341 | 1.51% |
2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ¥0.275 | 1.48% |
3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.228 | 0.713% |
4 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | ¥0.200 | 0.542% |
5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.165 | 0.739% |
FAQ
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