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)
No changes to the price of B & S International Holdings Ltd. stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 10.26% from a day low at HK$0.390 to a day high of HK$0.430. The price has risen in 4 of the last 10 days and is up by 8.22% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.43% during the next 3 months and, with a 90% probability hold a price between HK$0.434 and HK$0.573 at the end of this 3-month period.
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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.
Golden Star 12 Months
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
Fair opening price July 4, 2024 | Current price |
---|---|
HK$0.405 ( 2.53%) | HK$0.395 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1705.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.445 | 12.66% |
R2 | 0.430 | 8.79% |
R1 | 0.420 | 6.40% |
Price | 0.395 | |
S1 | 0.390 | -1.34% |
S2 | 0.380 | -3.73% |
S3 | 0.365 | -7.59% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.420 | 6.33% |
R2 | 0.405 | 2.53% |
R1 | 0.400 | 1.27% |
Price | 0.395 | |
S1 | 0.365 | -7.59% |
S2 | 0.305 | -22.78% |
S3 | 0.300 | -24.05% |
1705 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 23, 2024 | Sep 23, 2024 | Oct 09, 2024 | HK$0.0300 | 7.59% |
2 | Dec 08, 2023 | Dec 08, 2023 | Dec 20, 2023 | HK$0.0250 | 7.94% |
3 | Sep 25, 2023 | Sep 25, 2023 | Oct 09, 2023 | HK$0.0250 | 7.58% |
4 | Dec 08, 2022 | Dec 08, 2022 | Dec 08, 2022 | HK$0.0250 | 9.09% |
5 | Dec 09, 2020 | Dec 09, 2020 | Dec 09, 2020 | HK$0.0100 | 2.44% |
FAQ
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