Build King Holdings Limited Stock Forecast
Red day on Monday for Build King Holdings Limited stock after losing 1.94%
(Updated on Jun 17, 2024)
The Build King Holdings Limited stock price fell by -1.94% on the last day (Monday, 17th Jun 2024) from HK$1.03 to HK$1.01. During the last trading day the stock fluctuated 0% from a day low at HK$1.01 to a day high of HK$1.01. The price has been going up and down for this period, and there has been a -0.98% loss for the last 2 weeks. Volume has increased on the last day by 33 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, 90 thousand shares were bought and sold for approximately HK$90.75 thousand.
The stock lies in the middle of a 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 -11.59% during the next 3 months and, with a 90% probability hold a price between HK$0.85 and HK$0.96 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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0240.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Build King Holdings Limited 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 HK$1.03 and HK$1.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -11.40%. 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). Build King Holdings Limited 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Build King Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 HK$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.396%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0240.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Build King Holdings Limited to open at HK$1.01, and during the day (based on 14 day Average True Range), to move between HK$0.99 and HK$1.03, which gives a possible trading interval of +/-HK$0.0187 (+/-1.85%) up or down from last closing price. If Build King Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.04, some HK$0.0300 (2.97%) from the current price of HK$1.01, our system finds the risk reward not very attractive.
Is Build King Holdings Limited stock A Buy?
Build King Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.971 Sell Candidate Unchanged
Predicted Opening Price for Build King Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$1.01 ( 0%) | HK$1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0240.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | - |
| R2 | 1.01 | - |
| R1 | 1.01 | - |
| Price | 1.01 | |
| S1 | 1.01 | - |
| S2 | 1.01 | - |
| S3 | 1.01 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.13 | 11.88% |
| R2 | 1.12 | 10.89% |
| R1 | 1.04 | 2.97% |
| Price | 1.01 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0240 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 12, 2024 | HK$0.0800 | 7.77% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 28, 2023 | HK$0.0400 | 3.57% |
| 3 | May 29, 2023 | May 29, 2023 | May 29, 2023 | HK$0.105 | 10.71% |
| 4 | May 31, 2022 | May 31, 2022 | May 31, 2022 | HK$0.0600 | 7.23% |
| 5 | May 28, 2021 | May 28, 2021 | May 28, 2021 | HK$0.0700 | 6.31% |
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