Baguio Green Group Limited Stock Forecast
Evaluation of Baguio Green Group Limited stock downgraded after the last trading session.
(Updated on May 23, 2024)
The Baguio Green Group Limited stock price fell by -4.00% on the last day (Thursday, 23rd May 2024) from HK$0.750 to HK$0.720. During the last trading day the stock fluctuated 4.23% from a day low at HK$0.710 to a day high of HK$0.740. The price has fallen in 4 of the last 10 days and is down by -5.26% for this period. Volume has increased on the last day by 112 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 124 thousand shares were bought and sold for approximately HK$89.28 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.02% during the next 3 months and, with a 90% probability hold a price between HK$0.480 and HK$0.595 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1397.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 9.09%. Further rise is indicated until a new top pivot has been found. 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. The Baguio Green Group Limited 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$0.749 and HK$0.723. A break-up above any of these levels will issue buy signals. Baguio Green Group Limited 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Baguio Green Group Limited stock
Baguio Green Group Limited finds support from accumulated volume at HK$0.710 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0300 between high and low, or 4.23%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1397.HK) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Baguio Green Group Limited to open at HK$0.723, and during the day (based on 14 day Average True Range), to move between HK$0.692 and HK$0.748, which gives a possible trading interval of +/-HK$0.0280 (+/-3.89%) up or down from last closing price. If Baguio Green Group Limited takes out the full calculated possible swing range there will be an estimated 7.79% 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$0.710 (1.39%) than the resistance at HK$0.740 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baguio Green Group Limited stock A Buy?
Baguio Green Group Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -1.136 Sell Candidate Downgraded
Predicted Opening Price for Baguio Green Group Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| HK$0.723 ( 0.463%) | HK$0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1397.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.753 | 4.63 % | |
| R2 | 0.742 | 3.04 % | ||
| R1 | 0.735 | 2.05 % | ||
| Current price: | 0.720 | |||
| Support | S1 | 0.712 | -1.13 % | |
| S2 | 0.705 | -2.11 % | ||
| S3 | 0.693 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.89 | 23.61 % | |
| R2 | 0.87 | 20.83 % | ||
| R1 | 0.740 | 2.78 % | ||
| Current price | 0.720 | |||
| Support | S1 | 0.710 | -1.39% | |
| S2 | 0.680 | -5.56% | ||
| S3 | 0.670 | -6.94% |
1397 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 08, 2024 | HK$0.0340 | 4.72% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | HK$0.0380 | 5.59% |
| 3 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | HK$0.0090 | 1.86% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | HK$0.0360 | 9.11% |
| 5 | Mar 28, 2019 | Jun 18, 2019 | Jul 05, 2019 | HK$0.0070 | 1.21% |
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