Boer Power Holdings Limited Stock Forecast

Boer Power Holdings Limited stock price down 0% on Friday
(Updated on May 31, 2024)

1685.HK Signals & Forecast

The Boer Power Holdings Limited 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$0.181 and HK$0.177. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Boer Power Holdings Limited stock

Boer Power Holdings Limited finds support from accumulated volume at HK$0.181 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.88%

Our recommended stop-loss: HK$0.172 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (1685.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Boer Power Holdings Limited to open at HK$0.182, and during the day (based on 14 day Average True Range), to move between HK$0.176 and HK$0.188, which gives a possible trading interval of +/-HK$0.0062 (+/-3.40%) up or down from last closing price. If Boer Power Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.80% 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$0.181 (0.55%) than the resistance at HK$0.189 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Boer Power Holdings Limited stock A Buy?

Boer Power Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.359 Hold/Accumulate Unchanged

Predicted Opening Price for Boer Power Holdings Limited of Monday, June 3, 2024

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