JBB Builders International Ltd Stock Forecast
High volatility in JBB Builders International Ltd stock price on Thursday which ended trading at HK$0.530
(Updated on Jun 27, 2024)
The JBB Builders International Ltd stock price fell by -7.02% on the last day (Thursday, 27th Jun 2024) from HK$0.570 to HK$0.530. During the last trading day the stock fluctuated 11.76% from a day low at HK$0.510 to a day high of HK$0.570. The price has been going up and down for this period, and there has been a 11.58% gain for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately HK$6.36 thousand.
The stock lies in the middle of a 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 12.76% during the next 3 months and, with a 90% probability hold a price between HK$0.549 and HK$0.644 at the end of this 3-month period.
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1903.HK Signals & Forecast
The JBB Builders International 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$0.544. On a fall, the stock will find some support from the long-term average at approximately HK$0.522. 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. 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 24, 2024, and so far it has fallen -7.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). JBB Builders International Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for JBB Builders International Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.485 and HK$0.480. 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, JBB Builders International Ltd finds support just below today's level at HK$0.485. If this is broken, then the next support from accumulated volume will be at HK$0.480 and HK$0.470.
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$0.0600 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 4.24%.
Our recommended stop-loss: HK$0.503 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1903.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect JBB Builders International Ltd to open at HK$0.537, and during the day (based on 14 day Average True Range), to move between HK$0.513 and HK$0.547, which gives a possible trading interval of +/-HK$0.0170 (+/-3.21%) up or down from last closing price. If JBB Builders International Ltd takes out the full calculated possible swing range there will be an estimated 6.42% 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$0.540 (1.89%) than the support at HK$0.485 (8.49%), 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 JBB Builders International Ltd stock A Buy?
JBB Builders International Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.319 Hold/Accumulate Downgraded
Predicted Opening Price for JBB Builders International Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$0.537 ( 1.26%) | HK$0.530 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1903.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.597 | 12.58% |
| R2 | 0.574 | 8.25% |
| R1 | 0.560 | 5.58% |
| Price | 0.530 | |
| S1 | 0.514 | -3.07% |
| S2 | 0.500 | -5.74% |
| S3 | 0.477 | -10.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.570 | 7.55% |
| R2 | 0.550 | 3.77% |
| R1 | 0.540 | 1.89% |
| Price | 0.530 | |
| S1 | 0.485 | -8.49% |
| S2 | 0.480 | -9.43% |
| S3 | 0.470 | -11.32% |
1903 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 26, 2019 | Nov 22, 2019 | Dec 13, 2019 | HK$0.0200 | 1.74% |
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