Baoding Lucky Innovative Materials Stock Forecast
Red day on Tuesday for Baoding Lucky Innovative Materials
(Updated on Jun 25, 2024)
The Baoding Lucky Innovative Materials stock price fell by -0.94% on the last day (Tuesday, 25th Jun 2024) from ¥11.74 to ¥11.63. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 7.67% from a day low at ¥11.47 to a day high of ¥12.35. The price has fallen in 8 of the last 10 days and is down by -16.03% for this period. Volume has increased on the last day by 849 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥176.76 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥11.41 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.88% during the next 3 months and, with a 90% probability hold a price between ¥9.94 and ¥13.24 at the end of this 3-month period.
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300446.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Baoding Lucky Innovative Materials 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 ¥12.95 and ¥14.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -29.73%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Baoding Lucky Innovative Materials stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.88 between high and low, or 7.67%. For the last week, the stock has had daily average volatility of 14.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300446.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Baoding Lucky Innovative Materials Co.,Ltd to open at ¥11.82, and during the day (based on 14 day Average True Range), to move between ¥10.45 and ¥12.81, which gives a possible trading interval of +/-¥1.18 (+/-10.11%) up or down from last closing price. If Baoding Lucky Innovative Materials Co.,Ltd takes out the full calculated possible swing range there will be an estimated 20.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥13.60, some ¥1.97 (16.94%) from the current price of ¥11.63, our system finds the risk reward not very attractive.
Is Baoding Lucky Innovative Materials Co.,Ltd stock A Buy?
Baoding Lucky Innovative Materials 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: -6.558 Strong Sell Candidate Unchanged
Predicted Opening Price for Baoding Lucky Innovative Materials Co.,Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥11.82 ( 1.61%) | ¥11.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300446.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.70 | 9.17% |
| R2 | 12.36 | 6.28% |
| R1 | 12.15 | 4.50% |
| Price | 11.63 | |
| S1 | 11.48 | -1.29% |
| S2 | 11.27 | -3.07% |
| S3 | 10.94 | -5.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.29 | 22.87% |
| R2 | 14.11 | 21.32% |
| R1 | 13.60 | 16.94% |
| Price | 11.63 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
300446 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | ¥0.100 | 0.700% |
| 2 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0250 | 0.269% |
| 3 | Aug 16, 2019 | Aug 16, 2019 | Aug 16, 2019 | ¥0.210 | 1.76% |
| 4 | May 11, 2018 | May 11, 2018 | May 11, 2018 | ¥0.280 | 2.75% |
| 5 | May 23, 2017 | May 23, 2017 | May 23, 2017 | ¥0.210 | 1.18% |
FAQ
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