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
On Thursday, B & S International Holdings Ltd. stock price gained an impressive 5.33%
(Updated on Jun 20, 2024)
The B & S International Holdings Ltd. stock price gained 5.33% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.375 to HK$0.395. During the last trading day the stock fluctuated 8.11% from a day low at HK$0.370 to a day high of HK$0.400. The price has risen in 6 of the last 10 days and is up by 29.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 96 thousand more shares were traded than the day before. In total, 256 thousand shares were bought and sold for approximately HK$101.12 thousand.
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 13.09% during the next 3 months and, with a 90% probability hold a price between HK$0.352 and HK$0.478 at the end of this 3-month period.
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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$0.359 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.
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$0.310. 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
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.388 ( 1.69%) | 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 | 0.418 | 5.91% |
| R2 | 0.407 | 3.01% |
| R1 | 0.400 | 1.21% |
| Price | 0.395 | |
| S1 | 0.377 | -4.59% |
| S2 | 0.370 | -6.38% |
| S3 | 0.358 | -9.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.420 | 6.33% |
| Price | 0.395 | |
| S1 | 0.365 | -7.59% |
| S2 | 0.310 | -21.52% |
| S3 | 0.305 | -22.78% |
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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