Budweiser Brewing Company APAC Ltd Stock Forecast
Stronger technical forecast for Budweiser Brewing Company APAC Ltd stock price after Friday trading.
(Updated on May 03, 2024)
The Budweiser Brewing Company APAC Ltd stock price gained 0.89% on the last trading day (Friday, 3rd May 2024), rising from HK$11.24 to HK$11.34. During the last trading day the stock fluctuated 3.59% from a day low at HK$11.14 to a day high of HK$11.54. The price has risen in 8 of the last 10 days and is up by 13.17% 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, 3 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately HK$121.56 million.
Given the current short-term trend, the stock is expected to fall -22.51% during the next 3 months and, with a 90% probability hold a price between HK$7.17 and HK$8.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1876.HK Signals & Forecast
Mostly positive signals in the chart today. The Budweiser Brewing Company APAC Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$11.02 and HK$11.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 14.78%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Budweiser Brewing Company APAC Ltd stock
Budweiser Brewing Company APAC Ltd finds support from accumulated volume at HK$10.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.400 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: HK$10.94 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (1876.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Budweiser Brewing Company APAC Ltd to open at HK$11.34, and during the day (based on 14 day Average True Range), to move between HK$10.93 and HK$11.75, which gives a possible trading interval of +/-HK$0.414 (+/-3.65%) up or down from last closing price. If Budweiser Brewing Company APAC Ltd takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$10.94 (3.53%) than the resistance at HK$12.68 (11.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Budweiser Brewing Company APAC Ltd will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for Budweiser Brewing Company APAC Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.35% in the first trading day after earnings release.
Is Budweiser Brewing Company APAC Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.651 Buy Candidate Upgraded
Predicted Opening Price for Budweiser Brewing Company APAC Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$11.34 ( 0.00000000%) | HK$11.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1876.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.74 | 3.53 % | |
| R2 | 11.59 | 2.18 % | ||
| R1 | 11.49 | 1.35 % | ||
| Current price: | 11.34 | |||
| Support | S1 | 11.19 | -1.35 % | |
| S2 | 11.09 | -2.18 % | ||
| S3 | 10.94 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.38 | 17.99 % | |
| R2 | 12.92 | 13.93 % | ||
| R1 | 12.68 | 11.82 % | ||
| Current price | 11.34 | |||
| Support | S1 | 10.94 | -3.53% | |
| S2 | 10.58 | -6.70% | ||
| S3 | 10.02 | -11.64% |
1876 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 20, 2024 | HK$0.414 | 3.66% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | HK$0.296 | 1.38% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | HK$0.237 | 1.21% |
| 4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | HK$0.220 | 0.82% |
| 5 | Feb 27, 2020 | May 19, 2020 | Jun 24, 2020 | HK$0.204 | 0.90% |
FAQ
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