Beijing Beetech Inc Stock Forecast
Beijing Beetech Inc stock price ended at ¥13.04 on Tuesday, after losing 2.03%.
(Updated on Apr 30, 2024)
The Beijing Beetech Inc stock price fell by -2.03% on the last day (Tuesday, 30th Apr 2024) from ¥13.31 to ¥13.04. During the last trading day the stock fluctuated 3.90% from a day low at ¥12.82 to a day high of ¥13.32. The price has been going up and down for this period, and there has been a 22.67% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 5 million shares were bought and sold for approximately ¥71.08 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.17% during the next 3 months and, with a 90% probability hold a price between ¥11.98 and ¥17.11 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300667.SZ 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 Beetech Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥13.24 and ¥13.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -4.54%. 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 Beetech Inc stock
Beijing Beetech Inc finds support from accumulated volume at ¥12.85 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 ¥0.500 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 9.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300667.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Beijing Beetech Inc to open at ¥13.06, and during the day (based on 14 day Average True Range), to move between ¥11.94 and ¥14.14, which gives a possible trading interval of +/-¥1.10 (+/-8.45%) up or down from last closing price. If Beijing Beetech Inc takes out the full calculated possible swing range there will be an estimated 16.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.85 (1.46%) than the resistance at ¥13.31 (2.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Beijing Beetech Inc will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Beijing Beetech Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.87% in the first trading day after earnings release.
Is Beijing Beetech Inc stock A Buy?
The Beijing Beetech Inc stock holds several negative signals and despite the positive trend, we believe Beijing Beetech Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.258 Sell Candidate Unchanged
Predicted Opening Price for Beijing Beetech Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥13.06 ( 0.153%) | ¥13.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300667.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.56 | 3.99 % | |
| R2 | 13.37 | 2.52 % | ||
| R1 | 13.25 | 1.62 % | ||
| Current price: | 13.04 | |||
| Support | S1 | 12.87 | -1.31 % | |
| S2 | 12.75 | -2.22 % | ||
| S3 | 12.56 | -3.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.54 | 3.83 % | |
| R2 | 13.34 | 2.30 % | ||
| R1 | 13.31 | 2.07 % | ||
| Current price | 13.04 | |||
| Support | S1 | 12.85 | -1.46% | |
| S2 | 10.90 | -16.41% | ||
| S3 | 9.92 | -23.93% |
300667 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.100 | 0.612% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.200 | 1.37% |
| 3 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.100 | 0.473% |
| 4 | Jul 08, 2020 | Jul 08, 2020 | Jul 08, 2020 | ¥0.100 | 0.461% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.0400 | 0.211% |
FAQ
Click here for our free guide on how to buy Beijing Beetech Inc Stock.
