LeKing Wellness Co., Ltd. Stock Forecast
Red day on Friday for LeKing Wellness Co., Ltd. stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of LeKing Wellness Co., Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.15% from a day low at ¥2.41 to a day high of ¥2.51. The price has fallen in 7 of the last 10 days and is down by -5.08% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.11% during the next 3 months and, with a 90% probability hold a price between ¥1.91 and ¥2.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300247.SZ Signals & Forecast
There are mixed signals in the stock today. The LeKing Wellness 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 ¥2.47 and ¥2.72. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.413%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for LeKing Wellness Co., Ltd. stock
LeKing Wellness Co., Ltd. finds support from accumulated volume at ¥2.42 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 ¥0.1000 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300247.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect LeKing Wellness Co., Ltd. to open at ¥2.45, and during the day (based on 14 day Average True Range), to move between ¥2.29 and ¥2.57, which gives a possible trading interval of +/-¥0.141 (+/-5.78%) up or down from last closing price. If LeKing Wellness Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.42 (0.41%) than the resistance at ¥2.45 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LeKing Wellness Co., Ltd. stock A Buy?
LeKing Wellness Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.891 Sell Candidate Unchanged
Predicted Opening Price for LeKing Wellness Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥2.45 ( 0.82%) | ¥2.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300247.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.55 | 4.94% |
| R2 | 2.51 | 3.37% |
| R1 | 2.49 | 2.40% |
| Price | 2.43 | |
| S1 | 2.41 | -0.749% |
| S2 | 2.39 | -1.72% |
| S3 | 2.35 | -3.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.00 | 23.46% |
| R2 | 2.86 | 17.70% |
| R1 | 2.45 | 0.82% |
| Price | 2.43 | |
| S1 | 2.42 | -0.412% |
| S2 | 2.35 | -3.29% |
| S3 | 0 | - |
300247 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0300 | 0.573% |
| 2 | Jun 20, 2017 | Jun 20, 2017 | Jun 20, 2017 | ¥0.0300 | 0.443% |
| 3 | Apr 29, 2016 | Apr 29, 2016 | Apr 29, 2016 | ¥0.0150 | 0.178% |
| 4 | Jul 03, 2015 | Jul 03, 2015 | Jul 03, 2015 | ¥0.0100 | 0.171% |
| 5 | Aug 11, 2014 | Aug 11, 2014 | Aug 11, 2014 | ¥0.0500 | 1.19% |
FAQ
Click here for our free guide on how to buy LeKing Wellness Co., Ltd. Stock.
