Beijing Energy International Holding Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Beijing Energy International Holding stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Beijing Energy International Holding stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 5.33% from a day low at HK$0.225 to a day high of HK$0.237. The price has risen in 4 of the last 10 days and is up by 10.58% over the past 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 93.18% during the next 3 months and, with a 90% probability hold a price between HK$0.417 and HK$0.479 at the end of this 3-month period.
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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$0.226 and HK$0.194. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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.
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$0.0120 between high and low, or 5.33%. For the last week, the stock has had daily average volatility of 5.45%.
Our recommended stop-loss: HK$0.219 (-4.63%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (0686.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Beijing Energy International Holding Co., Ltd. to open at HK$0.231, and during the day (based on 14 day Average True Range), to move between HK$0.219 and HK$0.241, which gives a possible trading interval of +/-HK$0.0107 (+/-4.67%) 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 9.33% 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: 3.439 Buy Candidate Unchanged
Predicted Opening Price for Beijing Energy International Holding Co., Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.231 ( 0.290%) | HK$0.230 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0686.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.243 | 5.51% |
| R2 | 0.238 | 3.51% |
| R1 | 0.235 | 2.28% |
| Price | 0.230 | |
| S1 | 0.226 | -1.70% |
| S2 | 0.223 | -2.93% |
| S3 | 0.219 | -4.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.234 | 1.74% |
| Price | 0.230 | |
| S1 | 0.227 | -1.30% |
| S2 | 0.221 | -3.91% |
| S3 | 0.175 | -23.91% |
0686 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 12, 2024 | HK$0.0100 | 4.35% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | HK$0.0100 | 5.15% |
| 3 | Sep 20, 2000 | Sep 20, 2000 | Sep 20, 2000 | HK$0.0580 | 3.95% |
FAQ
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