Birmingham Sports Holdings Limited Stock Forecast
Birmingham Sports Holdings Limited stock price up 0.94% on Thursday
(Updated on Jun 20, 2024)
The Birmingham Sports Holdings Limited stock price gained 0.94% on the last trading day (Thursday, 20th Jun 2024), rising from HK$3.19 to HK$3.22. During the last trading day the stock fluctuated 4.18% from a day low at HK$3.11 to a day high of HK$3.24. The price has risen in 6 of the last 10 days and is up by 9.52% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 3 million shares were bought and sold for approximately HK$10.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.50% during the next 3 months and, with a 90% probability hold a price between HK$2.47 and HK$2.89 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2309.HK Signals & Forecast
Mostly positive signals in the chart today. The Birmingham Sports Holdings Limited 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$3.23. On a fall, the stock will find some support from the long-term average at approximately HK$3.19. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 9.52%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Birmingham Sports Holdings Limited stock
Birmingham Sports Holdings Limited finds support from accumulated volume at HK$3.20 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$0.130 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 5.91%.
Our recommended stop-loss: HK$3.11 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (2309.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Birmingham Sports Holdings Limited to open at HK$3.19, and during the day (based on 14 day Average True Range), to move between HK$2.97 and HK$3.47, which gives a possible trading interval of +/-HK$0.247 (+/-7.67%) up or down from last closing price. If Birmingham Sports Holdings Limited takes out the full calculated possible swing range there will be an estimated 15.34% 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$3.23 (0.31%) than the support at HK$3.20 (0.62%), 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 Birmingham Sports Holdings Limited 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.
Current score: 1.095 Buy Candidate Unchanged
Predicted Opening Price for Birmingham Sports Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$3.19 ( 0.93%) | HK$3.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2309.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.32 | 3.11% |
| R2 | 3.27 | 1.56% |
| R1 | 3.24 | 0.611% |
| Price | 3.22 | |
| S1 | 3.14 | -2.47% |
| S2 | 3.11 | -3.43% |
| S3 | 3.06 | -4.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.29 | 2.17% |
| R2 | 3.24 | 0.621% |
| R1 | 3.23 | 0.311% |
| Price | 3.22 | |
| S1 | 3.20 | -0.621% |
| S2 | 3.19 | -0.93% |
| S3 | 3.02 | -6.21% |
2309 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 17, 2002 | Feb 06, 2003 | Feb 21, 2003 | HK$4.62 | 1.32% |
FAQ
Click here for our free guide on how to buy Birmingham Sports Holdings Limited Stock.
