360 Ludashi Holdings Ltd Stock Forecast
360 Ludashi Holdings Ltd stock price ended at HK$0.80 on Tuesday, after gaining 1.27%.
(Updated on Jul 02, 2024)
The 360 Ludashi Holdings Ltd stock price gained 1.27% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.790 to HK$0.80. During the last trading day the stock fluctuated 2.56% from a day low at HK$0.780 to a day high of HK$0.80. The price has fallen in 5 of the last 10 days and is down by -2.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 51 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately HK$53.60 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.782 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 6.42% during the next 3 months and, with a 90% probability hold a price between HK$0.83 and HK$0.99 at the end of this 3-month period.
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3601.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 2.56%. Further rise is indicated until a new top pivot has been found. 360 Ludashi Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 360 Ludashi Holdings Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.84. On a fall, the stock will find some support from the short-term average at HK$0.799. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 360 Ludashi Holdings Ltd stock
360 Ludashi Holdings Ltd finds support from accumulated volume at HK$0.780 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 HK$0.0200 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: HK$0.754 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (3601.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect 360 Ludashi Holdings Ltd to open at HK$0.793, and during the day (based on 14 day Average True Range), to move between HK$0.778 and HK$0.82, which gives a possible trading interval of +/-HK$0.0222 (+/-2.78%) up or down from last closing price. If 360 Ludashi Holdings Ltd takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.82 (2.50%) than the support at HK$0.780 (2.50%), 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 360 Ludashi Holdings Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 360 Ludashi Holdings Ltd stock to perform well in the short-term.
Current score: 2.084 Buy Candidate Unchanged
Predicted Opening Price for 360 Ludashi Holdings Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.793 ( 0.83%) | HK$0.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3601.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.81 | 1.67% |
| R2 | 0.81 | 0.712% |
| R1 | 0.80 | 0.122% |
| Price | 0.80 | |
| S1 | 0.786 | -1.79% |
| S2 | 0.781 | -2.38% |
| S3 | 0.773 | -3.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.88 | 10.00% |
| R2 | 0.85 | 6.25% |
| R1 | 0.82 | 2.50% |
| Price | 0.80 | |
| S1 | 0.780 | -2.50% |
| S2 | 0.760 | -5.00% |
| S3 | 0.750 | -6.25% |
3601 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Jul 10, 2020 | Jul 31, 2020 | HK$0.100 | 2.90% |
FAQ
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