Boill Healthcare Holdings Limited Stock Forecast
Green day on Tuesday for Boill Healthcare Holdings Limited stock after gaining 1.82%
(Updated on May 14, 2024)
The Boill Healthcare Holdings Limited stock price gained 1.82% on the last trading day (Tuesday, 14th May 2024), rising from HK$0.275 to HK$0.280. During the last trading day the stock fluctuated 5.66% from a day low at HK$0.265 to a day high of HK$0.280. The price has fallen in 7 of the last 10 days and is down by -9.68% for this period. Volume fell on the last day by -5 million shares and in total, 90 thousand shares were bought and sold for approximately HK$25.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.262 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 78.44% during the next 3 months and, with a 90% probability hold a price between HK$0.467 and HK$1.07 at the end of this 3-month period.
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1246.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Boill Healthcare Holdings Limited 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$0.301. On a fall, the stock will find some support from the short-term average at HK$0.273. 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 Tuesday, March 19, 2024, and so far it has fallen -36.36%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Boill Healthcare Holdings Limited stock
Boill Healthcare Holdings Limited finds support from accumulated volume at HK$0.275 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 5.66%. For the last week the stock has had daily average volatility of 12.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1246.HK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Boill Healthcare Holdings Limited to open at HK$0.275, and during the day (based on 14 day Average True Range), to move between HK$0.240 and HK$0.320, which gives a possible trading interval of +/-HK$0.0401 (+/-14.30%) up or down from last closing price. If Boill Healthcare Holdings Limited takes out the full calculated possible swing range there will be an estimated 28.61% 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$0.275 (1.79%) than the resistance at HK$0.310 (10.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boill Healthcare Holdings Limited stock A Buy?
The Boill Healthcare Holdings Limited stock holds several negative signals and despite the positive trend, we believe Boill Healthcare Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.945 Sell Candidate Unchanged
Predicted Opening Price for Boill Healthcare Holdings Limited of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
HK$0.275 ( 1.79%) | HK$0.280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1246.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.290 | 3.57 % | |
R2 | 0.284 | 1.53 % | ||
R1 | 0.281 | 0.261 % | ||
Current price: | 0.280 | |||
Support | S1 | 0.269 | -3.83 % | |
S2 | 0.266 | -5.10 % | ||
S3 | 0.260 | -7.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.325 | 16.07 % | |
R2 | 0.320 | 14.29 % | ||
R1 | 0.310 | 10.71 % | ||
Current price | 0.280 | |||
Support | S1 | 0.275 | -1.79% | |
S2 | 0.247 | -11.79% | ||
S3 | 0.244 | -12.86% |
FAQ
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