Lufax Holding Ltd Stock Forecast
Lufax Holding Ltd stock price ended at $4.64 on Monday, after losing 1.17%.
(Updated on May 06, 2024)
The Lufax Holding Ltd stock price fell by -1.17% on the last day (Monday, 6th May 2024) from $4.70 to $4.64. During the last trading day the stock fluctuated 3.15% from a day low at $4.61 to a day high of $4.76. The price has risen in 6 of the last 10 days and is up by 5.69% over the past 2 weeks. 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 -387 thousand shares and in total, 2 million shares were bought and sold for approximately $7.62 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 73.34% during the next 3 months and, with a 90% probability hold a price between $7.56 and $10.84 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LU Signals & Forecast
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 $4.57 and $4.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.50%. 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 $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 $0.145 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: $4.42 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (LU) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Lufax Holding Ltd to open at $4.67, and during the day (based on 14 day Average True Range), to move between $4.42 and $4.86, which gives a possible trading interval of +/-$0.218 (+/-4.70%) up or down from last closing price. If Lufax Holding Ltd takes out the full calculated possible swing range there will be an estimated 9.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.68 (0.86%) than the support at $4.48 (3.45%), 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 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.
Current score: 2.176 Buy Candidate Unchanged
Predicted Opening Price for Lufax Holding Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.67 ( 0.611%) | $4.64 |
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 | 4.81 | 3.74 % | |
| R2 | 4.76 | 2.54 % | ||
| R1 | 4.72 | 1.80 % | ||
| Current price: | 4.64 | |||
| Support | S1 | 4.61 | -0.583 % | |
| S2 | 4.58 | -1.32 % | ||
| S3 | 4.52 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.91 | 5.82 % | |
| R2 | 4.70 | 1.19 % | ||
| R1 | 4.68 | 0.86 % | ||
| Current price | 4.64 | |||
| Support | S1 | 4.48 | -3.45% | |
| S2 | 4.39 | -5.39% | ||
| S3 | 4.35 | -6.25% |
LU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Aug 06, 2024 | $2.37 | 51.19% |
| 2 | May 31, 2024 | May 31, 2024 | Aug 06, 2024 | $2.37 | 51.19% |
| 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
Click here for our free guide on how to buy Lufax Holding Ltd Stock.
