Leyard Optoelectronic Co Ltd Stock Forecast
Leyard Optoelectronic Co Ltd stock price up 3.47% on Thursday
(Updated on Mar 28, 2024)
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
# | 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
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