Lushang Health Industry Development Stock Forecast
Lushang Health Industry Development stock price down 0.272% on Friday
(Updated on Jun 21, 2024)
The Lushang Health Industry Development stock price fell by -0.272% on the last day (Friday, 21st Jun 2024) from $7.36 to $7.34. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.35% from a day low at $7.24 to a day high of $7.41. The price has been going up and down for this period, and there has been a -2.52% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 6 million shares were bought and sold for approximately $43.52 million.
The stock lies in the middle of a 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 -10.15% during the next 3 months and, with a 90% probability hold a price between $6.34 and $7.56 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.
600223.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lushang Health Industry Development 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 $7.54 and $8.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -17.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Lushang Health Industry Development 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 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 $0.170 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600223.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Lushang Health Industry Development Co.,Ltd. to open at $7.33, and during the day (based on 14 day Average True Range), to move between $7.10 and $7.58, which gives a possible trading interval of +/-$0.237 (+/-3.23%) up or down from last closing price. If Lushang Health Industry Development Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $8.70, some $1.36 (18.53%) from the current price of $7.34, our system finds the risk reward not very attractive.
Is Lushang Health Industry Development Co.,Ltd. stock A Buy?
Lushang Health Industry Development holds several negative signals and is within a 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: -3.214 Sell Candidate Unchanged
Predicted Opening Price for Lushang Health Industry Development Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $7.33 ( 0.136%) | $7.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600223.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.50 | 2.18% |
| R2 | 7.44 | 1.30% |
| R1 | 7.39 | 0.749% |
| Price | 7.34 | |
| S1 | 7.27 | -1.02% |
| S2 | 7.22 | -1.57% |
| S3 | 7.16 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.91 | 21.39% |
| R2 | 8.75 | 19.21% |
| R1 | 8.70 | 18.53% |
| Price | 7.34 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600223 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | $0.110 | 1.20% |
| 2 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | $0.200 | 1.35% |
| 3 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | $0.110 | 0.795% |
| 4 | May 27, 2019 | May 27, 2019 | May 27, 2019 | $0.0500 | 1.36% |
| 5 | Jul 06, 2004 | Jul 06, 2004 | Jul 06, 2004 | $0.120 | 2.66% |
FAQ
Click here for our free guide on how to buy Lushang Health Industry Development Co.,Ltd. Stock.
