Lontrue Co., Ltd. Stock Forecast
Lontrue Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Lontrue Co., Ltd. stock price fell by -0.86% on the last day (Friday, 28th Jun 2024) from ¥6.96 to ¥6.90. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.09% from a day low at ¥6.85 to a day high of ¥7.13. The price has been going up and down for this period, and there has been a -4.83% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 million shares and in total, 33 million shares were bought and sold for approximately ¥228.76 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥6.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.17% during the next 3 months and, with a 90% probability hold a price between ¥9.36 and ¥20.59 at the end of this 3-month period.
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300175.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lontrue 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 ¥7.15 and ¥9.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -47.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Lontrue Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥6.47 and ¥5.50. 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, Lontrue Co., Ltd. finds support just below today's level at ¥6.47. If this is broken, then the next support from accumulated volume will be at ¥5.50 and ¥5.29.
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 ¥0.280 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 8.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300175.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lontrue Co., Ltd. to open at ¥6.96, and during the day (based on 14 day Average True Range), to move between ¥5.65 and ¥8.15, which gives a possible trading interval of +/-¥1.25 (+/-18.16%) up or down from last closing price. If Lontrue Co., Ltd. takes out the full calculated possible swing range there will be an estimated 36.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.47 (6.23%) than the resistance at ¥7.56 (9.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lontrue Co., Ltd. stock A Buy?
The Lontrue Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Lontrue Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.927 Sell Candidate Downgraded
Predicted Opening Price for Lontrue Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥6.96 ( 0.87%) | ¥6.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300175.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.24 | 4.93% |
| R2 | 7.13 | 3.38% |
| R1 | 7.07 | 2.42% |
| Price | 6.90 | |
| S1 | 6.85 | -0.681% |
| S2 | 6.79 | -1.64% |
| S3 | 6.68 | -3.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.27 | 19.86% |
| R2 | 7.57 | 9.71% |
| R1 | 7.56 | 9.57% |
| Price | 6.90 | |
| S1 | 6.47 | -6.23% |
| S2 | 5.50 | -20.29% |
| S3 | 5.29 | -23.33% |
300175 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0100 | 0.127% |
| 2 | Jul 04, 2019 | Jul 04, 2019 | Jul 04, 2019 | ¥0.0100 | 0.167% |
| 3 | Jul 04, 2018 | Jul 04, 2018 | Jul 04, 2018 | ¥0.0100 | 0.243% |
| 4 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.0100 | 0.130% |
| 5 | May 06, 2016 | May 06, 2016 | May 06, 2016 | ¥0.0100 | 0.121% |
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