BII Railway Transportation Technology Stock Forecast

Red day on Friday for BII Railway Transportation Technology stock after losing 0%
(Updated on May 17, 2024)

1522.HK Signals & Forecast

The BII Railway Transportation Technology stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.312 and HK$0.276. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for BII Railway Transportation Technology stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.275 and HK$0.265. 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, BII Railway Transportation Technology finds support just below today's level at HK$0.275. If this is broken, then the next support from accumulated volume will be at HK$0.265 and HK$0.255.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0100 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: HK$0.302 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (1522.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect BII Railway Transportation Technology Holdings Company Limited to open at HK$0.315, and during the day (based on 14 day Average True Range), to move between HK$0.307 and HK$0.323, which gives a possible trading interval of +/-HK$0.0083 (+/-2.65%) up or down from last closing price. If BII Railway Transportation Technology Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.275, some HK$0.0400 (12.70%) from the current price of HK$0.315, our system finds the risk reward attractive.

Is BII Railway Transportation Technology Holdings Company Limited 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 BII Railway Transportation Technology stock to perform well in the short-term.

Current score: 1.305 Buy Candidate Unchanged

Predicted Opening Price for BII Railway Transportation Technology Holdings Company Limited of Monday, May 20, 2024

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