Beijing Career International Co Ltd Stock Forecast
Strong day for Beijing Career International Co Ltd stock price on Monday rising 5.31% to ¥21.83
(Updated on May 06, 2024)
The Beijing Career International Co Ltd stock price gained 5.31% on the last trading day (Monday, 6th May 2024), rising from ¥20.73 to ¥21.83. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.98% from a day low at ¥20.73 to a day high of ¥21.97. The price has risen in 7 of the last 10 days and is up by 17.18% 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, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥104.11 million.
The stock lies in the middle of a very 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 -7.74% during the next 3 months and, with a 90% probability hold a price between ¥16.09 and ¥21.97 at the end of this 3-month period.
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300662.SZ Signals & Forecast
Mostly positive signals in the chart today. The Beijing Career International Co 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 ¥20.10 and ¥20.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 22.30%. 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 Beijing Career International Co Ltd stock
Beijing Career International Co Ltd finds support from accumulated volume at ¥21.05 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 ¥1.24 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 7.95%.
Our recommended stop-loss: ¥21.01 (-3.74%) (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 (300662.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Beijing Career International Co Ltd to open at ¥21.51, and during the day (based on 14 day Average True Range), to move between ¥20.41 and ¥23.25, which gives a possible trading interval of +/-¥1.42 (+/-6.51%) up or down from last closing price. If Beijing Career International Co Ltd takes out the full calculated possible swing range there will be an estimated 13.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥21.05 (3.57%) than the resistance at ¥23.27 (6.60%), 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 Career International Co 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.
Current score: 4.435 Buy Candidate Unchanged
Predicted Opening Price for Beijing Career International Co Ltd of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
¥21.51 ( 1.47%) | ¥21.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300662.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.75 | 4.21 % | |
R2 | 22.28 | 2.04 % | ||
R1 | 21.98 | 0.704 % | ||
Current price: | 21.83 | |||
Support | S1 | 21.04 | -3.64 % | |
S2 | 20.74 | -4.98 % | ||
S3 | 20.27 | -7.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.03 | 14.66 % | |
R2 | 23.82 | 9.12 % | ||
R1 | 23.27 | 6.60 % | ||
Current price | 21.83 | |||
Support | S1 | 21.05 | -3.57% | |
S2 | 20.71 | -5.13% | ||
S3 | 19.95 | -8.61% |
300662 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ¥0.117 | 0.354% |
2 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | ¥0.207 | 0.467% |
3 | Nov 02, 2021 | Nov 02, 2021 | Nov 02, 2021 | ¥0.0950 | 0.158% |
4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.167 | 0.356% |
5 | Jul 26, 2019 | Jul 26, 2019 | Jul 26, 2019 | ¥0.131 | 0.399% |
FAQ
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