RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 300296.SZ
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Leyard Optoelectronic Co Ltd stock price up 3.47% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -4.70% PDF

The Leyard Optoelectronic Co Ltd stock price gained 3.47% on the last trading day (Thursday, 28th Mar 2024), rising from ¥4.90 to ¥5.07. During the last trading day the stock fluctuated 5.50% from a day low at ¥4.91 to a day high of ¥5.18. The price has fallen in 5 of the last 10 days and is down by -3.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 476 thousand more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately ¥117.68 million.

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 -2.32% during the next 3 months and, with a 90% probability hold a price between ¥3.87 and ¥5.28 at the end of this 3-month period.

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300296.SZ Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Leyard Optoelectronic Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥5.19 and ¥5.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -6.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Leyard Optoelectronic Co Ltd stock

Leyard Optoelectronic Co Ltd finds support from accumulated volume at ¥5.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.270 (5.50%) between high and low. For the last week, the stock has had daily average volatility of 4.30%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300296.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Leyard Optoelectronic Co Ltd to open at ¥5.05, and during the day (based on 14 day Average True Range), to move between ¥4.90 and ¥5.24, which gives a possible trading interval of +/-¥0.174 (+/-3.44%) up or down from last closing price. If Leyard Optoelectronic Co Ltd takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥5.09 (0.39%) than the support at ¥5.02 (0.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Leyard Optoelectronic Co Ltd stock A Buy?

Leyard Optoelectronic 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: -3.749 Sell Candidate Unchanged

Predicted Opening Price for Leyard Optoelectronic Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥5.05 ( 0.329%) ¥5.07

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300296.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.32 5.00 %
R2 5.22 2.96 %
R1 5.16 1.71 %
Current price: 5.07
Support S1 4.95 -2.36 %
S2 4.89 -3.62 %
S3 4.78 -5.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.42 6.90 %
R2 5.17 1.97 %
R1 5.09 0.394 %
Current price 5.07
Support S1 5.02 -0.99%
S2 4.64 -8.48%
S3 4.04 -20.32%

300296 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 09, 2023 May 09, 2023 May 09, 2023 ¥0.0400 0.622%
2 May 17, 2022 May 17, 2022 May 17, 2022 ¥0.0500 0.82%
3 May 24, 2021 May 24, 2021 May 24, 2021 ¥0.0200 0.288%
4 May 15, 2020 May 15, 2020 May 15, 2020 ¥0.0600 1.00%
5 Apr 26, 2019 Apr 26, 2019 Apr 26, 2019 ¥0.0800 0.92%

FAQ

What is the symbol for Leyard Optoelectronic Co Ltd Stock and on which exchange is it traded?
The symbol for Leyard Optoelectronic Co Ltd is 300296.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Leyard Optoelectronic Co Ltd Stock?
Leyard Optoelectronic 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.

How to buy Leyard Optoelectronic Co Ltd Stock?
Leyard Optoelectronic Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Leyard Optoelectronic Co Ltd Stock.

What's the current price of Leyard Optoelectronic Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Leyard Optoelectronic Co Ltd (300296.SZ) share was ¥5.07.

What is the 52-week high and low for Leyard Optoelectronic Co Ltd Stock?
The 52-week high for Leyard Optoelectronic Co Ltd Stock is ¥7.33 and the 52-week low is ¥3.86.

What is the market capitalization of Leyard Optoelectronic Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Leyard Optoelectronic Co Ltd is 12.824B.
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About Leyard Optoelectronic Co Ltd

Leyard Optoelectronic Co Ltd Leyard Optoelectronic Co., Ltd. operates as an audio-visual technology company worldwide. The company offers small pitch LED, conventional LED, advertising LED displays, LED folding screens, mobile car LED displays, LED spherical screens, rotating screens, transparent screens, motion capture products, motion capture software and solutions, LED module products, and conferencing machines. It also engages in the leasing of transparent LED displays, ... 300296.SZ Profile

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