Guizhou BC&TV Information Network Stock Forecast

Red day on Thursday for Guizhou BC&TV Information Network
(Updated on Jun 20, 2024)

600996.SS Signals & Forecast

The Guizhou BC&TV Information Network stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $8.28. On a fall, the stock will find some support from the long-term average at approximately $7.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -12.54%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Guizhou BC&TV Information Network stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.42 and $7.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Guizhou BC&TV Information Network finds support just below today's level at $7.42. If this is broken, then the next support from accumulated volume will be at $7.19 and $7.18.

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 $0.340 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 5.37%.

Our recommended stop-loss: $7.50 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (600996.SS) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Guizhou BC&TV Information Network CO.,LTD to open at $7.99, and during the day (based on 14 day Average True Range), to move between $7.42 and $8.34, which gives a possible trading interval of +/-$0.461 (+/-5.85%) up or down from last closing price. If Guizhou BC&TV Information Network CO.,LTD takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.42 (5.84%) than the resistance at $8.65 (9.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Guizhou BC&TV Information Network CO.,LTD stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Guizhou BC&TV Information Network stock to perform well in the short-term.

Current score: 1.107 Buy Candidate Unchanged

Predicted Opening Price for Guizhou BC&TV Information Network CO.,LTD of Friday, June 21, 2024

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