Boyaa Interactive International Limited Stock Forecast
Boyaa Interactive International Limited stock price ended at HK$1.83 on Thursday, after losing 3.17%.
(Updated on Jun 20, 2024)
The Boyaa Interactive International Limited stock price fell by -3.17% on the last day (Thursday, 20th Jun 2024) from HK$1.89 to HK$1.83. During the last trading day the stock fluctuated 3.83% from a day low at HK$1.83 to a day high of HK$1.90. The price has fallen in 5 of the last 10 days and is down by -12.86% 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 -127 thousand shares and in total, 1 million shares were bought and sold for approximately HK$2.12 million.
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 -11.05% during the next 3 months and, with a 90% probability hold a price between HK$1.48 and HK$1.87 at the end of this 3-month period.
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0434.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Boyaa Interactive International 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$1.93 and HK$1.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -16.44%. 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). 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 Boyaa Interactive International Limited stock
Boyaa Interactive International Limited finds support from accumulated volume at HK$1.81 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 HK$0.0700 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0434.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Boyaa Interactive International Limited to open at HK$1.85, and during the day (based on 14 day Average True Range), to move between HK$1.70 and HK$1.96, which gives a possible trading interval of +/-HK$0.126 (+/-6.86%) up or down from last closing price. If Boyaa Interactive International Limited takes out the full calculated possible swing range there will be an estimated 13.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$1.81 (1.09%) than the resistance at HK$2.10 (14.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boyaa Interactive International Limited stock A Buy?
Boyaa Interactive International Limited holds several negative signals and is within a very 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: -4.502 Sell Candidate Unchanged
Predicted Opening Price for Boyaa Interactive International Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$1.85 ( 1.28%) | HK$1.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0434.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.92 | 5.10% |
| R2 | 1.90 | 3.64% |
| R1 | 1.88 | 2.74% |
| Price | 1.83 | |
| S1 | 1.83 | -0.186% |
| S2 | 1.81 | -1.09% |
| S3 | 1.78 | -2.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.25 | 22.95% |
| R2 | 2.16 | 18.03% |
| R1 | 2.10 | 14.75% |
| Price | 1.83 | |
| S1 | 1.81 | -1.09% |
| S2 | 1.80 | -1.64% |
| S3 | 1.79 | -2.19% |
0434 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 31, 2024 | HK$0.0372 | 1.87% |
| 2 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | HK$0.276 | 18.52% |
| 3 | May 18, 2015 | May 18, 2015 | May 18, 2015 | HK$0.0750 | 0.94% |
| 4 | Aug 27, 2014 | Aug 27, 2014 | Aug 27, 2014 | HK$0.0780 | 0.88% |
| 5 | May 12, 2014 | May 12, 2014 | May 12, 2014 | HK$0.112 | 1.20% |
FAQ
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