Lufax Holding Ltd Stock Forecast
Lufax Holding Ltd stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Lufax Holding Ltd stock price gained 0.659% on the last trading day (Thursday, 25th Apr 2024), rising from $4.55 to $4.58. During the last trading day the stock fluctuated 3.60% from a day low at $4.44 to a day high of $4.60. The price has risen in 6 of the last 10 days and is up by 6.51% over the past 2 weeks. Volume fell on the last day by -977 thousand shares and in total, 3 million shares were bought and sold for approximately $15.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 79.97% during the next 3 months and, with a 90% probability hold a price between $7.24 and $10.67 at the end of this 3-month period.
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LU Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.72%. 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). The Lufax Holding Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.38 and $3.93. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Lufax Holding Ltd stock
Lufax Holding Ltd finds support from accumulated volume at $4.48 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 3.60%. For the last week, the stock has had daily average volatility of 4.82%.
Our recommended stop-loss: $4.41 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (LU) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Lufax Holding Ltd to open at $4.54, and during the day (based on 14 day Average True Range), to move between $4.37 and $4.79, which gives a possible trading interval of +/-$0.207 (+/-4.53%) up or down from last closing price. If Lufax Holding Ltd takes out the full calculated possible swing range there will be an estimated 9.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.48 (2.18%) than the resistance at $4.91 (7.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lufax Holding 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 Lufax Holding Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.317 Buy Candidate Downgraded
Predicted Opening Price for Lufax Holding Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.54 ( 0.87%) | $4.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.70 | 2.62 % | |
| R2 | 4.64 | 1.29 % | ||
| R1 | 4.60 | 0.461 % | ||
| Current price: | 4.58 | |||
| Support | S1 | 4.48 | -2.21 % | |
| S2 | 4.44 | -3.03 % | ||
| S3 | 4.38 | -4.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.91 | 7.21 % | ||
| Current price | 4.58 | |||
| Support | S1 | 4.48 | -2.18% | |
| S2 | 4.39 | -4.15% | ||
| S3 | 4.35 | -5.02% |
LU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Aug 06, 2024 | $2.37 | 51.75% |
| 2 | May 31, 2024 | May 31, 2024 | Aug 06, 2024 | $2.37 | 51.75% |
| 3 | Aug 21, 2023 | Oct 11, 2023 | Oct 30, 2023 | $0.0300 | 0.758% |
| 4 | Mar 10, 2023 | Apr 05, 2023 | Apr 21, 2023 | $0.0500 | 0.683% |
| 5 | Aug 04, 2022 | Oct 12, 2022 | Oct 28, 2022 | $0.170 | 2.89% |
FAQ
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