Lufax Holding Ltd Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Lufax Holding Ltd stock price down 2.13% on Monday
(Updated on Nov 11, 2024)
Sell candidate since Nov 04, 2024
Loss -0.98%
The Lufax Holding Ltd stock price fell by -2.13% on the last day (Monday, 11th Nov 2024) from $2.59 to $2.53. During the last trading day the stock fluctuated 3.60% from a day low at $2.50 to a day high of $2.59. The price has fallen in 6 of the last 10 days and is down by -7.66% 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 -742 thousand shares and in total, 2 million shares were bought and sold for approximately $5.84 million.
Given the current short-term trend, the stock is expected to rise 15.53% during the next 3 months and, with a 90% probability hold a price between $2.92 and $5.09 at the end of this 3-month period.
LU 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 Lufax Holding Ltd 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 $2.62 and $3.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, October 02, 2024, and so far it has fallen -39.04%. 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 Lufax Holding Ltd stock
Lufax Holding Ltd finds support from accumulated volume at $2.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LU) For The Upcoming Trading Day Of Tuesday 12th
For the upcoming trading day on Tuesday, 12th we expect Lufax Holding Ltd to open at $2.54, and during the day (based on 14 day Average True Range), to move between $2.34 and $2.72, which gives a possible trading interval of +/-$0.187 (+/-7.40%) up or down from last closing price. If Lufax Holding Ltd takes out the full calculated possible swing range there will be an estimated 14.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.52 (0.40%) than the resistance at $2.81 (10.87%), 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?
The Lufax Holding Ltd stock holds several negative signals and despite the positive trend, we believe Lufax Holding Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.662 Sell Candidate Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on November 12, 2024 - $2.54 ( 0.395%).Trading levels for LU
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.63 | 3.95% |
R2 | 2.60 | 2.59% |
R1 | 2.57 | 1.75% |
Price | 2.53 | |
S1 | 2.51 | -0.96% |
S2 | 2.48 | -1.80% |
S3 | 2.45 | -3.16% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.03 | 19.76% |
R2 | 2.84 | 12.25% |
R1 | 2.81 | 10.87% |
Price | 2.53 | |
S1 | 2.52 | -0.395% |
S2 | 2.34 | -7.51% |
S3 | 2.28 | -9.88% |
LU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2024 | Jun 04, 2024 | Aug 06, 2024 | $2.37 | 84.04% |
2 | May 31, 2024 | May 31, 2024 | Aug 06, 2024 | $2.37 | 84.04% |
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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