BGI Genomics Co Ltd Stock Forecast
BGI Genomics Co Ltd stock price ended at ¥41.81 on Monday, after gaining 1.65%.
(Updated on May 06, 2024)
The BGI Genomics Co Ltd stock price gained 1.65% on the last trading day (Monday, 6th May 2024), rising from ¥41.13 to ¥41.81. During the last trading day the stock fluctuated 2.94% from a day low at ¥41.13 to a day high of ¥42.34. The price has risen in 6 of the last 10 days and is up by 8.85% 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, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥175.91 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥42.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.67% during the next 3 months and, with a 90% probability hold a price between ¥31.57 and ¥36.68 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.
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300676.SZ Signals & Forecast
The BGI Genomics 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 ¥40.16 and ¥41.13. 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 10.20%. 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 BGI Genomics Co Ltd stock
BGI Genomics Co Ltd finds support from accumulated volume at ¥41.21 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 ¥1.21 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: ¥40.21 (-3.82%) (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 (300676.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BGI Genomics Co Ltd to open at ¥41.76, and during the day (based on 14 day Average True Range), to move between ¥40.21 and ¥43.41, which gives a possible trading interval of +/-¥1.60 (+/-3.82%) up or down from last closing price. If BGI Genomics Co Ltd takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥41.21 (1.44%) than the resistance at ¥44.22 (5.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGI Genomics Co Ltd stock A Buy?
BGI Genomics Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BGI Genomics Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥41.76 ( 0.120%) | ¥41.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300676.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.97 | 2.77 % | |
| R2 | 42.51 | 1.67 % | ||
| R1 | 42.22 | 0.99 % | ||
| Current price: | 41.81 | |||
| Support | S1 | 41.30 | -1.23 % | |
| S2 | 41.01 | -1.91 % | ||
| S3 | 40.55 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.13 | 7.94 % | |
| R2 | 44.98 | 7.58 % | ||
| R1 | 44.22 | 5.76 % | ||
| Current price | 41.81 | |||
| Support | S1 | 41.21 | -1.44% | |
| S2 | 40.93 | -2.10% | ||
| S3 | 38.41 | -8.13% |
300676 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥1.00 | 1.76% |
| 2 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | ¥0.350 | 0.503% |
| 3 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | ¥0.350 | 0.304% |
| 4 | Jul 07, 2020 | Jul 07, 2020 | Jul 07, 2020 | ¥0.101 | 0.0603% |
| 5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.100 | 0.178% |
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