B & S International Holdings Ltd. Stock Forecast

Big movements in B & S International Holdings Ltd. stock price on Wednesday moving 10.26% between high and low
(Updated on Jul 03, 2024)

1705.HK Signals & Forecast

The B & S International Holdings Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.399. On a fall, the stock will find some support from the long-term average at approximately HK$0.338. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 17, 2024, and so far it has fallen -5.95%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, June 07, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for B & S International Holdings Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.365 and HK$0.305. 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, B & S International Holdings Ltd. finds support just below today's level at HK$0.365. If this is broken, then the next support from accumulated volume will be at HK$0.305 and HK$0.300.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0400 between high and low, or 10.26%. For the last week, the stock has had daily average volatility of 4.32%.

Our recommended stop-loss: HK$0.373 (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (1705.HK) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect B & S International Holdings Ltd. to open at HK$0.405, and during the day (based on 14 day Average True Range), to move between HK$0.377 and HK$0.413, which gives a possible trading interval of +/-HK$0.0176 (+/-4.45%) up or down from last closing price. If B & S International Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 8.91% 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$0.400 (1.27%) than the support at HK$0.365 (7.59%), 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 B & S International Holdings Ltd. stock A Buy?

B & S International Holdings Ltd. 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: 0.230 Hold/Accumulate Unchanged

Predicted Opening Price for B & S International Holdings Ltd. of Thursday, July 4, 2024

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