Beijing Career International Co Ltd Stock Forecast
Stronger technical forecast for Beijing Career International Co Ltd stock price after Friday trading.
(Updated on May 17, 2024)
The Beijing Career International Co Ltd stock price gained 1.92% on the last trading day (Friday, 17th May 2024), rising from ¥22.86 to ¥23.30. During the last trading day the stock fluctuated 3.00% from a day low at ¥22.68 to a day high of ¥23.36. The price has risen in 6 of the last 10 days and is up by 12.4% 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, 94 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ¥39.98 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Beijing Career International Co Ltd stock with a 90% probability to be traded between ¥17.78 and ¥24.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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300662.SZ Signals & Forecast
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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥22.88 and ¥20.52. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, May 07, 2024, and so far it has fallen -2.51%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Beijing Career International Co Ltd stock
Beijing Career International Co Ltd finds support from accumulated volume at ¥23.27 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.680 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: ¥22.35 (-4.08%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (300662.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Beijing Career International Co Ltd to open at ¥23.11, and during the day (based on 14 day Average True Range), to move between ¥21.80 and ¥24.80, which gives a possible trading interval of +/-¥1.50 (+/-6.44%) 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 12.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥23.27 (0.13%) than the resistance at ¥23.82 (2.23%), 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 and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Beijing Career International Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.949 Buy Candidate Upgraded
Predicted Opening Price for Beijing Career International Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥23.11 ( 0.80%) | ¥23.30 |
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 | 23.79 | 2.12 % | |
| R2 | 23.53 | 1.00 % | ||
| R1 | 23.37 | 0.314 % | ||
| Current price: | 23.30 | |||
| Support | S1 | 22.85 | -1.92 % | |
| S2 | 22.69 | -2.60 % | ||
| S3 | 22.43 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.03 | 7.42 % | |
| R2 | 23.90 | 2.58 % | ||
| R1 | 23.82 | 2.23 % | ||
| Current price | 23.30 | |||
| Support | S1 | 23.27 | -0.129% | |
| S2 | 21.05 | -9.66% | ||
| S3 | 20.71 | -11.12% |
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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