Beijing Capital International Airport Co Stock Forecast
On Wednesday, Beijing Capital International Airport Co stock price gained an impressive 5.47%
(Updated on Jul 03, 2024)
The Beijing Capital International Airport Co stock price gained 5.47% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$2.56 to HK$2.70. During the last trading day the stock fluctuated 6.61% from a day low at HK$2.57 to a day high of HK$2.74. The price has risen in 5 of the last 10 days and is up by 3.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately HK$27.84 million.
The stock lies in the middle of a wide and weak 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 9.18% during the next 3 months and, with a 90% probability hold a price between HK$2.76 and HK$3.38 at the end of this 3-month period.
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0694.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Capital International Airport Co stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$2.71. On a fall, the stock will find some support from the short-term average at HK$2.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -9.09%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Beijing Capital International Airport Co stock
Beijing Capital International Airport Co finds support from accumulated volume at HK$2.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.170 (6.61%) between high and low. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0694.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Beijing Capital International Airport Company Limited to open at HK$2.67, and during the day (based on 14 day Average True Range), to move between HK$2.61 and HK$2.79, which gives a possible trading interval of +/-HK$0.0931 (+/-3.45%) up or down from last closing price. If Beijing Capital International Airport Company Limited takes out the full calculated possible swing range there will be an estimated 6.90% 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$2.69 (0.37%) than the resistance at HK$2.84 (5.19%), 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 Capital International Airport Company Limited stock A Buy?
Beijing Capital International Airport Co 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: -1.963 Sell Candidate Unchanged
Predicted Opening Price for Beijing Capital International Airport Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$2.67 ( 1.11%) | HK$2.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0694.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.84 | 5.19% |
| R2 | 2.78 | 2.78% |
| R1 | 2.73 | 1.29% |
| Price | 2.70 | |
| S1 | 2.61 | -3.52% |
| S2 | 2.56 | -5.00% |
| S3 | 2.50 | -7.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.97 | 10.00% |
| R2 | 2.87 | 6.30% |
| R1 | 2.84 | 5.19% |
| Price | 2.70 | |
| S1 | 2.69 | -0.370% |
| S2 | 2.50 | -7.41% |
| S3 | 2.43 | -10.00% |
0694 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2020 | Jun 26, 2020 | Jun 26, 2020 | HK$0.168 | 3.39% |
| 2 | Sep 25, 2019 | Sep 25, 2019 | Sep 25, 2019 | HK$0.0992 | 1.45% |
| 3 | Jul 31, 2019 | Jul 31, 2019 | Aug 30, 2019 | HK$0.185 | 2.81% |
| 4 | Jul 30, 2019 | Jul 30, 2019 | Jul 30, 2019 | HK$0.185 | 3.00% |
| 5 | Sep 19, 2018 | Sep 19, 2018 | Sep 19, 2018 | HK$0.118 | 1.38% |
FAQ
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