Lingda Group Co., Ltd. Stock Forecast
Lingda Group Co., Ltd. stock price ended at ¥2.06 on Friday, after gaining 1.48%.
(Updated on Jun 21, 2024)
The Lingda Group Co., Ltd. stock price gained 1.48% on the last trading day (Friday, 21st Jun 2024), rising from ¥2.03 to ¥2.06. During the last trading day the stock fluctuated 8.00% from a day low at ¥2.00 to a day high of ¥2.16. The price has fallen in 6 of the last 10 days but is still up by 12.57% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 19 million shares were bought and sold for approximately ¥39.72 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 the upper part of a very 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 ¥2.12 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 -76.22% during the next 3 months and, with a 90% probability hold a price between ¥0.118 and ¥0.505 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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300125.SZ Signals & Forecast
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. The Lingda Group Co., 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 ¥2.20 and ¥2.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -16.94%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lingda Group Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥1.88 and ¥1.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lingda Group Co., Ltd. finds support just below today's level at ¥1.88. If this is broken, then the next support from accumulated volume will be at ¥1.68 and ¥1.57.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.160 between high and low, or 8.00%. For the last week, the stock has had daily average volatility of 14.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300125.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Lingda Group Co., Ltd. to open at ¥2.07, and during the day (based on 14 day Average True Range), to move between ¥1.59 and ¥2.53, which gives a possible trading interval of +/-¥0.470 (+/-22.82%) up or down from last closing price. If Lingda Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 45.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.88 (8.74%) than the resistance at ¥2.25 (9.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lingda Group Co., Ltd. stock A Buy?
Lingda Group Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.490 Strong Sell Candidate Unchanged
Predicted Opening Price for Lingda Group Co., Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
¥2.07 ( 0.647%) | ¥2.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300125.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.23 | 8.41% |
R2 | 2.17 | 5.45% |
R1 | 2.13 | 3.61% |
Price | 2.06 | |
S1 | 2.01 | -2.32% |
S2 | 1.97 | -4.15% |
S3 | 1.91 | -7.12% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.48 | 20.39% |
R2 | 2.28 | 10.68% |
R1 | 2.25 | 9.22% |
Price | 2.06 | |
S1 | 1.88 | -8.74% |
S2 | 1.68 | -18.45% |
S3 | 1.57 | -23.79% |
300125 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 16, 2016 | Mar 16, 2016 | Mar 16, 2016 | ¥0.0088 | 0.0881% |
2 | Jun 12, 2015 | Jun 12, 2015 | Jun 12, 2015 | ¥0.0177 | 0.0741% |
3 | May 27, 2014 | May 27, 2014 | May 27, 2014 | ¥0.0133 | 0.201% |
4 | May 17, 2013 | May 17, 2013 | May 17, 2013 | ¥0.0088 | 0.166% |
5 | May 10, 2012 | May 10, 2012 | May 10, 2012 | ¥0.0442 | 0.737% |
FAQ
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