Beijing Lanxum Technology Co 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
Beijing Lanxum Technology Co Ltd stock price ended at ¥3.07 on Friday, after gaining 0.656%.
(Updated on May 31, 2024)
The Beijing Lanxum Technology Co Ltd stock price gained 0.656% on the last trading day (Friday, 31st May 2024), rising from ¥3.05 to ¥3.07. During the last trading day the stock fluctuated 7.14% from a day low at ¥2.94 to a day high of ¥3.15. The price has risen in 8 of the last 10 days and is up by 12.45% over the past 2 weeks. Volume fell on the last day by -28 million shares and in total, 34 million shares were bought and sold for approximately ¥103.73 million. 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.91% during the next 3 months and, with a 90% probability hold a price between ¥3.19 and ¥4.18 at the end of this 3-month period.
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300010.SZ Signals & Forecast
The Beijing Lanxum Technology Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥3.13. On a fall, the stock will find some support from the long-term average at approximately ¥2.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Wednesday, May 29, 2024, and so far it has fallen -8.36%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 ¥3.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.210 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 11.76%.
Our recommended stop-loss: ¥2.93 (-4.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (300010.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Beijing Lanxum Technology Co Ltd to open at ¥3.05, and during the day (based on 14 day Average True Range), to move between ¥2.82 and ¥3.32, which gives a possible trading interval of +/-¥0.246 (+/-8.01%) 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 16.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.05 (0.65%) than the resistance at ¥3.15 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Lanxum Technology Co Ltd stock A Buy?
Beijing Lanxum Technology Co 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.
Current score: 0.810 Hold/Accumulate Unchanged
Predicted Opening Price for Beijing Lanxum Technology Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥3.05 ( 0.543%) | ¥3.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300010.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.26 | 6.30 % | |
| R2 | 3.18 | 3.68 % | ||
| R1 | 3.13 | 2.07 % | ||
| Current price: | 3.07 | |||
| Support | S1 | 2.97 | -3.16 % | |
| S2 | 2.92 | -4.77 % | ||
| S3 | 2.84 | -7.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.35 | 9.12 % | |
| R2 | 3.29 | 7.17 % | ||
| R1 | 3.15 | 2.61 % | ||
| Current price | 3.07 | |||
| Support | S1 | 3.05 | -0.651% | |
| S2 | 2.71 | -11.73% | ||
| S3 | 2.65 | -13.68% |
300010 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2017 | Jul 18, 2017 | Jul 18, 2017 | ¥0.0300 | 0.262% |
| 2 | May 19, 2015 | May 19, 2015 | May 19, 2015 | ¥0.0136 | 0.0343% |
| 3 | Jul 11, 2014 | Jul 11, 2014 | Jul 11, 2014 | ¥0.0136 | 0.124% |
| 4 | Jun 03, 2013 | Jun 03, 2013 | Jun 03, 2013 | ¥0.0455 | 1.21% |
| 5 | Jun 01, 2012 | Jun 01, 2012 | Jun 01, 2012 | ¥0.0455 | 1.13% |
FAQ
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