Bybon Group Co Ltd Stock Forecast

Green day on Friday for Bybon Group Co Ltd stock after gaining 0.398%
(Updated on May 17, 2024)

300736.SZ Signals & Forecast

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. The Bybon Group Co Ltd 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 ¥15.24 and ¥15.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -6.83%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 15, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Bybon Group Co Ltd stock

Bybon Group Co Ltd finds support from accumulated volume at ¥14.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.460 (3.07%) between high and low. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300736.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Bybon Group Co Ltd to open at ¥15.20, and during the day (based on 14 day Average True Range), to move between ¥14.57 and ¥15.71, which gives a possible trading interval of +/-¥0.571 (+/-3.77%) up or down from last closing price. If Bybon Group Co Ltd takes out the full calculated possible swing range there will be an estimated 7.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥15.34 (1.32%) than the support at ¥14.68 (3.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bybon Group Co Ltd stock A Buy?

The Bybon Group Co Ltd stock holds several negative signals and despite the positive trend, we believe Bybon Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.643 Sell Candidate Unchanged

Predicted Opening Price for Bybon Group Co Ltd of Monday, May 20, 2024

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