RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LNVGY
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Stronger technical forecast for Lenovo Group Ltd stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Lenovo Group Ltd stock price fell by -1.20% on the last day (Thursday, 28th Mar 2024) from $23.40 to $23.12. During the last trading day the stock fluctuated 1.17% from a day low at $23.12 to a day high of $23.39. The price has risen in 6 of the last 10 days but is still down by -5.17% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 38 thousand shares were bought and sold for approximately $876.46 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.70% during the next 3 months and, with a 90% probability hold a price between $16.85 and $22.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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LNVGY Signals & Forecast

The Lenovo Group Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.82. On a fall, the stock will find some support from the long-term average at approximately $23.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, March 13, 2024, and so far it has fallen -7.59%. 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). Lenovo Group Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, October 20, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, October 20, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Lenovo Group Ltd stock

Lenovo Group Ltd finds support from accumulated volume at $23.06 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 $0.270 between high and low, or 1.17%. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $22.06 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (LNVGY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lenovo Group Ltd to open at $23.21, and during the day (based on 14 day Average True Range), to move between $22.34 and $23.90, which gives a possible trading interval of +/-$0.783 (+/-3.38%) up or down from last closing price. If Lenovo Group Ltd 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 support from accumulated volume at $23.06 (0.26%) than the resistance at $24.33 (5.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lenovo Group Ltd stock A Buy?

Lenovo Group Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.120 Hold/Accumulate Upgraded

Predicted Opening Price for Lenovo Group Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$23.21 ( 0.389%) $23.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LNVGY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.48 1.56 %
R2 23.38 1.11 %
R1 23.31 0.84 %
Current price: 23.12
Support S1 23.11 -0.0568 %
S2 23.04 -0.332 %
S3 22.94 -0.779 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.53 6.10 %
R2 24.43 5.67 %
R1 24.33 5.23 %
Current price 23.12
Support S1 23.06 -0.260%
S2 22.06 -4.58%
S3 21.83 -5.58%

LNVGY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 28, 2023 Nov 28, 2023 Dec 20, 2023 $0.185 0.707%
2 Jun 26, 2023 Jul 26, 2023 Aug 17, 2023 $0.766 3.94%
3 Nov 22, 2022 Dec 01, 2022 Dec 16, 2022 $0.185 1.12%
4 Jul 29, 2022 Jul 29, 2022 Jul 29, 2022 $0.764 4.10%
5 Nov 24, 2021 Nov 24, 2021 Nov 24, 2021 $0.206 1.01%

FAQ

What is the symbol for Lenovo Group Ltd Stock and on which exchange is it traded?
The symbol for Lenovo Group Ltd is LNVGY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Lenovo Group Ltd Stock?
Lenovo Group Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Lenovo Group Ltd Stock?
Lenovo Group Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lenovo Group Ltd Stock.

What's the current price of Lenovo Group Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Lenovo Group Ltd (LNVGY) share was $23.12.

What is the 52-week high and low for Lenovo Group Ltd Stock?
The 52-week high for Lenovo Group Ltd Stock is $28.79 and the 52-week low is $17.98.

What is the market capitalization of Lenovo Group Ltd Stock?
As of the 2024-03-28, the market capitalization of Lenovo Group Ltd is 14.34B.

When is the next earnings date for Lenovo Group Ltd?
The upcoming earnings date for Lenovo Group Ltd is May 22, 2024.
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About Lenovo Group Ltd

Lenovo Group Ltd Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. It also provides laptops, mon... LNVGY Profile

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