Beijing North Star Company Limited Stock Forecast
Red day on Thursday for Beijing North Star Company Limited stock after losing 2.14%
(Updated on Jun 27, 2024)
The Beijing North Star Company Limited stock price fell by -2.14% on the last day (Thursday, 27th Jun 2024) from $1.40 to $1.37. During the last trading day the stock fluctuated 5.15% from a day low at $1.36 to a day high of $1.43. The price has fallen in 5 of the last 10 days and is down by -14.38% for this period. 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, 19 million shares were bought and sold for approximately $26.71 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.34 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.60% during the next 3 months and, with a 90% probability hold a price between $1.15 and $1.57 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.
601588.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing North Star Company Limited 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 $1.45 and $1.67. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 North Star Company Limited stock
Beijing North Star Company Limited finds support from accumulated volume at $1.35 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 $0.0700 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601588.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Beijing North Star Company Limited to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.30 and $1.44, which gives a possible trading interval of +/-$0.0675 (+/-4.93%) up or down from last closing price. If Beijing North Star Company Limited takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.35 (1.46%) than the resistance at $1.60 (16.79%), 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 North Star Company Limited stock A Buy?
Beijing North Star Company Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.151 Sell Candidate Unchanged
Predicted Opening Price for Beijing North Star Company Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $1.39 ( 1.22%) | $1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601588.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.46 | 6.33% |
| R2 | 1.43 | 4.37% |
| R1 | 1.41 | 3.17% |
| Price | 1.37 | |
| S1 | 1.36 | -0.735% |
| S2 | 1.34 | -1.94% |
| S3 | 1.32 | -3.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.69 | 23.36% |
| R2 | 1.65 | 20.44% |
| R1 | 1.60 | 16.79% |
| Price | 1.37 | |
| S1 | 1.35 | -1.46% |
| S2 | 0 | - |
| S3 | 0 | - |
601588 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | $0.0100 | 0.439% |
| 2 | Jul 02, 2021 | Jul 02, 2021 | Jul 02, 2021 | $0.0300 | 1.32% |
| 3 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | $0.150 | 5.32% |
| 4 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | $0.120 | 3.17% |
| 5 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | $0.110 | 3.20% |
FAQ
Click here for our free guide on how to buy Beijing North Star Company Limited Stock.
