Bonjour Holdings Limited Stock Forecast
Bonjour Holdings Limited stock price up 4.65% on Friday
(Updated on Jun 28, 2024)
The Bonjour Holdings Limited stock price gained 4.65% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.0430 to HK$0.0450. During the last trading day the stock fluctuated 4.65% from a day low at HK$0.0430 to a day high of HK$0.0450. The price has been going up and down for this period, and there has been a 7.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately HK$881.91 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 -40.62% during the next 3 months and, with a 90% probability hold a price between HK$0.0217 and HK$0.0281 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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0653.HK Signals & Forecast
There are mixed signals in the stock today. The Bonjour 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$0.0453 and HK$0.0508. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Bonjour Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Bonjour Holdings Limited stock
Bonjour Holdings Limited finds support from accumulated volume at HK$0.0440 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$0.0020 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 13.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0653.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Bonjour Holdings Limited to open at HK$0.0443, and during the day (based on 14 day Average True Range), to move between HK$0.0407 and HK$0.0493, which gives a possible trading interval of +/-HK$0.0043 (+/-9.52%) up or down from last closing price. If Bonjour Holdings Limited takes out the full calculated possible swing range there will be an estimated 19.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.0460 (2.22%) than the support at HK$0.0440 (2.22%), 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 Bonjour Holdings Limited stock A Buy?
Bonjour Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.711 Sell Candidate Unchanged
Predicted Opening Price for Bonjour Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.0443 ( 1.48%) | HK$0.0450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0653.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0463 | 2.96% |
| R2 | 0.0456 | 1.27% |
| R1 | 0.0451 | 0.216% |
| Price | 0.0450 | |
| S1 | 0.0436 | -3.18% |
| S2 | 0.0431 | -4.23% |
| S3 | 0.0423 | -5.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0560 | 24.44% |
| R2 | 0.0470 | 4.44% |
| R1 | 0.0460 | 2.22% |
| Price | 0.0450 | |
| S1 | 0.0440 | -2.22% |
| S2 | 0.0430 | -4.44% |
| S3 | 0.0420 | -6.67% |
0653 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2016 | Sep 08, 2016 | Sep 08, 2016 | HK$0.0010 | 0.274% |
| 2 | May 26, 2016 | May 26, 2016 | May 26, 2016 | HK$0.0010 | 0.323% |
| 3 | Sep 10, 2015 | Sep 10, 2015 | Sep 10, 2015 | HK$0.0010 | 0.323% |
| 4 | May 28, 2015 | May 28, 2015 | May 28, 2015 | HK$0.0210 | 3.13% |
| 5 | Sep 04, 2014 | Sep 04, 2014 | Sep 04, 2014 | HK$0.0200 | 1.65% |
FAQ
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