BAIOO Family Interactive Limited Stock Forecast

BAIOO Family Interactive Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

2100.HK Signals & Forecast

The BAIOO Family Interactive Limited 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$0.244 and HK$0.246. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 5.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-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 BAIOO Family Interactive Limited stock

BAIOO Family Interactive Limited finds support from accumulated volume at HK$0.244 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0090 between high and low, or 3.73%. For the last week the stock has had daily average volatility of 4.02%.

Our recommended stop-loss: HK$0.237 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (2100.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect BAIOO Family Interactive Limited to open at HK$0.247, and during the day (based on 14 day Average True Range), to move between HK$0.239 and HK$0.261, which gives a possible trading interval of +/-HK$0.0109 (+/-4.34%) up or down from last closing price. If BAIOO Family Interactive Limited takes out the full calculated possible swing range there will be an estimated 8.69% 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$0.255 (2.00%) than the support at HK$0.244 (2.40%), 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 BAIOO Family Interactive Limited 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 BAIOO Family Interactive Limited 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: 2.837 Buy Candidate Upgraded

Predicted Opening Price for BAIOO Family Interactive Limited of Monday, June 17, 2024

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