B & S International Holdings Ltd. Stock Forecast

On Thursday, B & S International Holdings Ltd. stock price gained an impressive 5.33%
(Updated on Jun 20, 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$0.359 and HK$0.316. 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). B & S International Holdings Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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$0.310. 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$0.310 and HK$0.305.

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$0.0300 between high and low, or 8.11%. For the last week, the stock has had daily average volatility of 12.12%.

Our recommended stop-loss: HK$0.373 (-5.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (1705.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect B & S International Holdings Ltd. to open at HK$0.388, 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$0.0185 (+/-4.67%) 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 9.35% 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$0.420 (6.33%) 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?

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 B & S International Holdings Ltd. stock to perform well in the short-term.

Current score: 2.526 Buy Candidate Unchanged

Predicted Opening Price for B & S International Holdings Ltd. of Friday, June 21, 2024

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