Lingda Group Co., Ltd. Stock Forecast
Big movements in Lingda Group Co., Ltd. stock price on Thursday moving 12.29% between high and low
(Updated on Jun 27, 2024)
No changes to the price of Lingda Group Co., Ltd. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 12.29% from a day low at ¥1.79 to a day high of ¥2.01. The price has fallen in 5 of the last 10 days and is down by -18.67% for this period.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥1.72, a level that may pose a second chance to hit a runner. According to fan-theory ¥3.28 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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300125.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and 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 ¥1.95 and ¥2.35. 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 -26.21%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lingda Group Co., Ltd. stock
Lingda Group Co., Ltd. finds support from accumulated volume at ¥1.80 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 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 ¥0.220 between high and low, or 12.29%. For the last week, the stock has had daily average volatility of 13.65%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Lingda Group Co., Ltd. to open at ¥1.88, and during the day (based on 14 day Average True Range), to move between ¥1.41 and ¥2.25, which gives a possible trading interval of +/-¥0.423 (+/-23.09%) 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 46.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.80 (1.64%) than the resistance at ¥2.21 (20.77%), 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: -6.962 Strong Sell Candidate Unchanged
Predicted Opening Price for Lingda Group Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥1.88 ( 2.55%) | ¥1.83 |
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 | 2.10 | 14.57% |
| R2 | 2.01 | 9.98% |
| R1 | 1.96 | 7.14% |
| Price | 1.83 | |
| S1 | 1.79 | -2.04% |
| S2 | 1.74 | -4.88% |
| S3 | 1.66 | -9.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.28 | 24.59% |
| R2 | 2.25 | 22.95% |
| R1 | 2.21 | 20.77% |
| Price | 1.83 | |
| S1 | 1.80 | -1.64% |
| S2 | 1.68 | -8.20% |
| S3 | 1.57 | -14.21% |
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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