Beijing Properties 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
Weaker technical forecast for Beijing Properties as stock downgraded to Strong Sell Candidate.
(Updated on Jun 27, 2024)
The Beijing Properties stock price fell by -2.08% on the last day (Thursday, 27th Jun 2024) from HK$0.0480 to HK$0.0470. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 8.89% from a day low at HK$0.0450 to a day high of HK$0.0490. The price has fallen in 10 of the last 10 days and is down by -43.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -874 thousand shares and in total, 2 million shares were bought and sold for approximately HK$104.90 thousand.
Given the current short-term trend, the stock is expected to rise 103.06% during the next 3 months and, with a 90% probability hold a price between HK$0.0954 and HK$0.184 at the end of this 3-month period.
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0925.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Beijing Properties stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.0603 and HK$0.0552. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -43.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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$0.0440 and HK$0.0410. 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$0.0440. If this is broken, then the next support from accumulated volume will be at HK$0.0410 and HK$0.0380.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0040 between high and low, or 8.89%. For the last week the stock has had daily average volatility of 12.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0925.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Beijing Properties to open at HK$0.0470, and during the day (based on 14 day Average True Range), to move between HK$0.0405 and HK$0.0535, which gives a possible trading interval of +/-HK$0.0065 (+/-13.88%) up or down from last closing price. If Beijing Properties takes out the full calculated possible swing range there will be an estimated 27.75% 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$0.0500 (6.38%) than the support at HK$0.0440 (6.38%), 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 Beijing Properties stock A Buy?
The Beijing Properties stock holds several negative signals and despite the positive trend, we believe Beijing Properties will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.719 Strong Sell Candidate Downgraded
Predicted Opening Price for Beijing Properties of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$0.0470 ( 0.00000000%) | HK$0.0470 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0925.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0510 | 8.51% |
| R2 | 0.0495 | 5.26% |
| R1 | 0.0485 | 3.25% |
| Price | 0.0470 | |
| S1 | 0.0455 | -3.25% |
| S2 | 0.0445 | -5.26% |
| S3 | 0.0430 | -8.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0560 | 19.15% |
| R2 | 0.0510 | 8.51% |
| R1 | 0.0500 | 6.38% |
| Price | 0.0470 | |
| S1 | 0.0440 | -6.38% |
| S2 | 0.0410 | -12.77% |
| S3 | 0.0380 | -19.15% |
0925 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2000 | Jun 19, 2000 | Jun 19, 2000 | HK$0.0300 | 4.69% |
FAQ
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