Longfor Group Holdings Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Longfor Group Holdings Ltd. stock price ended at $14.43 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Longfor Group Holdings Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $14.43 to a day high of $14.43. The price has been going up and down for this period, and there has been a -4.5% loss for the last 2 weeks.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $14.56. A reaction back to this level may hold a second chance to get out before further falls.
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LGFRY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.768%. 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 Longfor Group 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 $16.19. On a fall, the stock will find some support from the short-term average at $14.39. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Longfor Group Holdings Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.76 and $11.73. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Longfor Group Holdings Ltd. finds support just below today's level at $11.76. If this is broken, then the next support from accumulated volume will be at $11.73 and $11.70.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.111%
Our recommended stop-loss: $13.51 (-6.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (LGFRY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Longfor Group Holdings Ltd. to open at $14.43, and during the day (based on 14 day Average True Range), to move between $14.08 and $14.78, which gives a possible trading interval of +/-$0.354 (+/-2.45%) up or down from last closing price. If Longfor Group Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.22 (12.40%) than the support at $11.76 (18.50%), 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 Longfor Group Holdings Ltd. stock A Buy?
Longfor Group Holdings Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Longfor Group Holdings Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$14.43 ( 0%) | $14.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGFRY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.43 | - |
R2 | 14.43 | - |
R1 | 14.43 | - |
Price | 14.43 | |
S1 | 14.43 | - |
S2 | 14.43 | - |
S3 | 14.43 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.97 | 24.53% |
R2 | 16.85 | 16.77% |
R1 | 16.22 | 12.40% |
Price | 14.43 | |
S1 | 11.76 | -18.50% |
S2 | 11.73 | -18.71% |
S3 | 11.70 | -18.92% |
LGFRY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Feb 23, 2024 | $0.389 | 2.86% |
2 | Jun 26, 2023 | Jul 06, 2023 | Sep 05, 2023 | $1.16 | 5.33% |
3 | Nov 18, 2022 | Nov 22, 2022 | Feb 06, 2023 | $0.481 | 1.56% |
4 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | $1.93 | 4.29% |
5 | Dec 15, 2021 | Dec 15, 2021 | Dec 15, 2021 | $0.725 | 1.48% |
FAQ
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