Beijing Ubox Online Tech Corp Stock Forecast

Beijing Ubox Online Tech Corp stock price down 4.52% on Thursday
(Updated on Jun 27, 2024)

2429.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Ubox Online Tech Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$17.48 and HK$15.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -48.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Beijing Ubox Online Tech Corp stock

Beijing Ubox Online Tech Corp finds support from accumulated volume at HK$13.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$1.14 between high and low, or 8.42%. For the last week, the stock has had daily average volatility of 12.80%.

Our recommended stop-loss: HK$13.10 (-6.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (2429.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Beijing Ubox Online Tech Corp to open at HK$14.05, and during the day (based on 14 day Average True Range), to move between HK$11.49 and HK$16.39, which gives a possible trading interval of +/-HK$2.45 (+/-17.58%) up or down from last closing price. If Beijing Ubox Online Tech Corp takes out the full calculated possible swing range there will be an estimated 35.16% 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$13.90 (0.29%) than the resistance at HK$15.08 (8.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beijing Ubox Online Tech Corp stock A Buy?

Beijing Ubox Online Tech Corp 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.

Current score: -0.563 Hold/Accumulate Unchanged

Predicted Opening Price for Beijing Ubox Online Tech Corp of Friday, June 28, 2024

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