LBX Pharmacy Chain Joint Stock Company Stock Forecast
Red day on Friday for LBX Pharmacy Chain Joint Stock Company stock after losing 0.279%
(Updated on Jun 21, 2024)
The LBX Pharmacy Chain Joint Stock Company stock price fell by -0.279% on the last day (Friday, 21st Jun 2024) from $28.70 to $28.62. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.33% from a day low at $28.31 to a day high of $28.97. The price has fallen in 8 of the last 10 days and is down by -13.43% for this period. 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 -5 million shares and in total, 4 million shares were bought and sold for approximately $110.46 million.
Given the current short-term trend, the stock is expected to rise 6.06% during the next 3 months and, with a 90% probability hold a price between $30.35 and $39.50 at the end of this 3-month period.
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603883.SS Signals & Forecast
There are few to no technical positive signals at the moment. The LBX Pharmacy Chain Joint Stock Company 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 $29.66 and $33.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -21.09%. 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 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 LBX Pharmacy Chain Joint Stock Company stock
LBX Pharmacy Chain Joint Stock Company finds support from accumulated volume at $28.43 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 $0.660 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 2.75%.
LBX Pharmacy Chain Joint Stock Company is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603883.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect LBX Pharmacy Chain Joint Stock Company to open at $28.63, and during the day (based on 14 day Average True Range), to move between $27.65 and $29.59, which gives a possible trading interval of +/-$0.97 (+/-3.39%) up or down from last closing price. If LBX Pharmacy Chain Joint Stock Company takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.70 (0.28%) than the support at $28.43 (0.66%), 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 LBX Pharmacy Chain Joint Stock Company stock A Buy?
The LBX Pharmacy Chain Joint Stock Company stock holds several negative signals and despite the positive trend, we believe LBX Pharmacy Chain Joint Stock Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.834 Sell Candidate Unchanged
Predicted Opening Price for LBX Pharmacy Chain Joint Stock Company of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $28.63 ( 0.0466%) | $28.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603883.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.29 | 2.35% |
| R2 | 29.04 | 1.47% |
| R1 | 28.89 | 0.93% |
| Price | 28.62 | |
| S1 | 28.38 | -0.83% |
| S2 | 28.23 | -1.38% |
| S3 | 27.97 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.39 | 16.67% |
| R2 | 29.75 | 3.95% |
| R1 | 28.70 | 0.280% |
| Price | 28.62 | |
| S1 | 28.43 | -0.664% |
| S2 | 28.32 | -1.05% |
| S3 | 28.22 | -1.40% |
603883 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.500 | 1.77% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | $0.500 | 1.48% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.269 | 0.664% |
| 4 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | $0.231 | 0.388% |
| 5 | Jul 22, 2019 | Jul 22, 2019 | Jul 22, 2019 | $0.275 | 0.87% |
FAQ
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