Lushang Health Industry Development Stock Forecast
Red day on Thursday for Lushang Health Industry Development
(Updated on Jun 27, 2024)
The Lushang Health Industry Development stock price fell by -0.553% on the last day (Thursday, 27th Jun 2024) from $7.23 to $7.19. During the last trading day the stock fluctuated 2.26% from a day low at $7.09 to a day high of $7.25. The price has fallen in 6 of the last 10 days and is down by -6.26% for this period. Volume has increased on the last day by 806 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, 7 million shares were bought and sold for approximately $51.57 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.95 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.00% during the next 3 months and, with a 90% probability hold a price between $6.26 and $7.52 at the end of this 3-month period.
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600223.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.71%. Further rise is indicated until a new top pivot has been found. 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 $7.24 and $7.94. A break-up above any of these levels will issue buy signals. 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 Lushang Health Industry Development stock
Lushang Health Industry Development finds support from accumulated volume at $7.04 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 $0.160 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: $6.87 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (600223.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lushang Health Industry Development Co.,Ltd. to open at $7.18, and during the day (based on 14 day Average True Range), to move between $6.96 and $7.42, which gives a possible trading interval of +/-$0.232 (+/-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 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.04 (2.09%) than the resistance at $8.70 (21.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lushang Health Industry Development Co.,Ltd. stock A Buy?
Lushang Health Industry Development holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.219 Hold/Accumulate Unchanged
Predicted Opening Price for Lushang Health Industry Development Co.,Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $7.18 ( 0.185%) | $7.19 |
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 | 7.34 | 2.04% |
| R2 | 7.28 | 1.19% |
| R1 | 7.24 | 0.665% |
| Price | 7.19 | |
| S1 | 7.12 | -1.04% |
| S2 | 7.08 | -1.56% |
| S3 | 7.02 | -2.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.91 | 23.92% |
| R2 | 8.75 | 21.70% |
| R1 | 8.70 | 21.00% |
| Price | 7.19 | |
| S1 | 7.04 | -2.09% |
| S2 | 7.00 | -2.64% |
| 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
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