Beken Corporation Stock Forecast
Beken Corporation stock price ended at $22.98 on Wednesday, after gaining 1.50%.
(Updated on Jun 26, 2024)
The Beken Corporation stock price gained 1.50% on the last trading day (Wednesday, 26th Jun 2024), rising from $22.64 to $22.98. During the last trading day the stock fluctuated 9.58% from a day low at $21.08 to a day high of $23.10. The price has been going up and down for this period, and there has been a -6.59% loss for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 10 million shares were bought and sold for approximately $219.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 19.98% during the next 3 months and, with a 90% probability hold a price between $25.28 and $35.18 at the end of this 3-month period.
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603068.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.50%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beken Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.58 and $23.23. 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).
Support, Risk & Stop-loss for Beken Corporation stock
Beken Corporation finds support from accumulated volume at $22.86 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 $2.02 between high and low, or 9.58%. For the last week, the stock has had daily average volatility of 8.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603068.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Beken Corporation to open at $22.39, and during the day (based on 14 day Average True Range), to move between $21.34 and $24.62, which gives a possible trading interval of +/-$1.64 (+/-7.16%) up or down from last closing price. If Beken Corporation takes out the full calculated possible swing range there will be an estimated 14.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.86 (0.52%) than the resistance at $25.15 (9.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beken Corporation stock A Buy?
The Beken Corporation stock holds several negative signals and despite the positive trend, we believe Beken Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.678 Sell Candidate Unchanged
Predicted Opening Price for Beken Corporation of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $22.39 ( 2.58%) | $22.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603068.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.41 | 6.21% |
| R2 | 23.64 | 2.85% |
| R1 | 23.16 | 0.776% |
| Price | 22.98 | |
| S1 | 21.62 | -5.94% |
| S2 | 21.14 | -8.01% |
| S3 | 20.37 | -11.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.45 | 15.10% |
| R2 | 25.80 | 12.27% |
| R1 | 25.15 | 9.44% |
| Price | 22.98 | |
| S1 | 22.86 | -0.522% |
| S2 | 22.80 | -0.783% |
| S3 | 22.64 | -1.48% |
603068 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | $0.200 | 0.570% |
| 2 | Jul 28, 2021 | Jul 28, 2021 | Jul 28, 2021 | $0.200 | 0.248% |
| 3 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | $0.370 | 0.464% |
| 4 | Aug 23, 2019 | Aug 23, 2019 | Aug 23, 2019 | $0.200 | 0.225% |
FAQ
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