B & S International Holdings Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in B & S International Holdings Ltd. stock price on Monday moving 37.14% between high and low
(Updated on Jun 17, 2024)
The B & S International Holdings Ltd. stock price gained 27.27% on the last trading day (Monday, 17th Jun 2024), rising from HK$0.330 to HK$0.420. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 37.14% from a day low at HK$0.350 to a day high of HK$0.480. The price has been going up and down for this period, and there has been a 37.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$633.36 thousand.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$0.345, a level that may pose a second chance to hit a runner.
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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$0.329 and HK$0.309. 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 40.00%. Further rise is indicated until a new top pivot has been found. 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. 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$0.330 and HK$0.320. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.320 may give a huge drop in the stock price.
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$0.130 (37.14%) between high and low. For the last week, the stock has had daily average volatility of 8.68%.
The B & S International Holdings Ltd. stock is extremely overbought on RSI14 (96). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: HK$0.407 (-3.08%) (This stock has low daily movements and this gives low risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (1705.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect B & S International Holdings Ltd. to open at HK$0.417, and during the day (based on 14 day Average True Range), to move between HK$0.405 and HK$0.435, which gives a possible trading interval of +/-HK$0.0153 (+/-3.65%) 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 7.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.330, some HK$0.0900 (21.43%) from the current price of HK$0.420, our system finds the risk reward attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for B & S International Holdings Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.417 ( 0.794%) | HK$0.420 |
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 | 0.547 | 30.16% |
| R2 | 0.497 | 18.33% |
| R1 | 0.466 | 11.03% |
| Price | 0.420 | |
| S1 | 0.367 | -12.62% |
| S2 | 0.336 | -19.92% |
| S3 | 0.287 | -31.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.420 | |
| S1 | 0.330 | -21.43% |
| S2 | 0.320 | -23.81% |
| S3 | 0 | - |
1705 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 08, 2023 | Dec 08, 2023 | Dec 20, 2023 | HK$0.0250 | 7.94% |
| 2 | Sep 25, 2023 | Sep 25, 2023 | Oct 09, 2023 | HK$0.0250 | 7.58% |
| 3 | Dec 08, 2022 | Dec 08, 2022 | Dec 08, 2022 | HK$0.0250 | 9.09% |
| 4 | Dec 09, 2020 | Dec 09, 2020 | Dec 09, 2020 | HK$0.0100 | 2.44% |
| 5 | Jun 24, 2019 | Sep 05, 2019 | Sep 20, 2019 | HK$0.0200 | 2.94% |
FAQ
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