Beijing Energy International Holding Stock Forecast

Red day on Tuesday for Beijing Energy International Holding stock after losing 0%
(Updated on Jul 02, 2024)

0686.HK Signals & Forecast

The Beijing Energy International Holding 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 HK$0.227 and HK$0.196. 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 Wednesday, June 19, 2024, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Beijing Energy International Holding stock

Beijing Energy International Holding finds support from accumulated volume at HK$0.227 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0060 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 4.06%.

Our recommended stop-loss: HK$0.220 (-4.54%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (0686.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Beijing Energy International Holding Co., Ltd. to open at HK$0.228, and during the day (based on 14 day Average True Range), to move between HK$0.220 and HK$0.240, which gives a possible trading interval of +/-HK$0.0104 (+/-4.52%) up or down from last closing price. If Beijing Energy International Holding Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.04% 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$0.227 (1.30%) than the resistance at HK$0.234 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beijing Energy International Holding Co., 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 Beijing Energy International Holding stock to perform well in the short-term.

Current score: 3.469 Buy Candidate Unchanged

Predicted Opening Price for Beijing Energy International Holding Co., Ltd. of Wednesday, July 3, 2024

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