B & S International Holdings Ltd. Stock Forecast

Red day on Friday for B & S International Holdings Ltd. stock after losing 0%
(Updated on May 24, 2024)

1705.HK Signals & Forecast

The B & S International Holdings Ltd. 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$0.308 and HK$0.300. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.33%. Further rise is indicated until a new top pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued. 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).

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

B & S International Holdings Ltd. finds support from accumulated volume at HK$0.305 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.333%.

Our recommended stop-loss: HK$0.293 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (1705.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect B & S International Holdings Ltd. to open at HK$0.310, and during the day (based on 14 day Average True Range), to move between HK$0.304 and HK$0.316, which gives a possible trading interval of +/-HK$0.0057 (+/-1.85%) 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 3.69% 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$0.315 (1.61%) than the support at HK$0.305 (1.61%), 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?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for B & S International Holdings Ltd. stock to perform well in the short-term period.

Current score: 1.351 Buy Candidate Unchanged

Predicted Opening Price for B & S International Holdings Ltd. of Monday, May 27, 2024

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