Beijing Lanxum Technology Co Ltd Stock Forecast

Stronger technical forecast for Beijing Lanxum Technology Co Ltd stock price after Friday trading.
(Updated on May 17, 2024)

300010.SZ Signals & Forecast

Mostly positive signals in the chart today. The Beijing Lanxum Technology 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 ¥2.66 and ¥2.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 22.22%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, September 15, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Beijing Lanxum Technology Co Ltd stock

Beijing Lanxum Technology Co Ltd finds support from accumulated volume at ¥2.71 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 ¥0.210 between high and low, or 8.27%. For the last week, the stock has had daily average volatility of 7.34%.

Our recommended stop-loss: ¥2.61 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (300010.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Beijing Lanxum Technology Co Ltd to open at ¥2.68, and during the day (based on 14 day Average True Range), to move between ¥2.58 and ¥2.92, which gives a possible trading interval of +/-¥0.170 (+/-6.20%) up or down from last closing price. If Beijing Lanxum Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 12.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥2.76 (0.36%) than the support at ¥2.71 (1.45%), 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 Beijing Lanxum Technology Co Ltd stock A Buy?

Beijing Lanxum Technology Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.480 Strong Buy Candidate Upgraded

Predicted Opening Price for Beijing Lanxum Technology Co Ltd of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.