Beijing Properties Stock Forecast

Red day on Thursday for Beijing Properties stock after losing 4.17%
(Updated on Jun 20, 2024)

0925.HK Signals & Forecast

The Beijing Properties stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0757. On a fall, the stock will find some support from the long-term average at approximately HK$0.0514. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 13, 2024, and so far it has fallen -16.87%. Further fall is indicated until a new bottom pivot has been found. Beijing Properties gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Beijing Properties stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0640 and HK$0.0560. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Beijing Properties finds support just below today's level at HK$0.0640. If this is broken, then the next support from accumulated volume will be at HK$0.0560 and HK$0.0520.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0040 between high and low, or 5.80%. For the last week, the stock has had daily average volatility of 8.50%.

Our recommended stop-loss: HK$0.0658 (-4.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 34 days ago.)

Trading Expectations (0925.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Beijing Properties to open at HK$0.0703, and during the day (based on 14 day Average True Range), to move between HK$0.0631 and HK$0.0749, which gives a possible trading interval of +/-HK$0.0059 (+/-8.53%) up or down from last closing price. If Beijing Properties takes out the full calculated possible swing range there will be an estimated 17.07% 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$0.0640 (7.25%) than the resistance at HK$0.0750 (8.70%), 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 Properties 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 Properties stock to perform well in the short-term.

Current score: 1.662 Buy Candidate Unchanged

Predicted Opening Price for Beijing Properties of Friday, June 21, 2024

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