Beijing New Space Technology Co., Ltd. Stock Forecast
Strong day for Beijing New Space Technology Co., Ltd. stock price on Tuesday rising 10.00% to $15.07
(Updated on Jun 25, 2024)
The Beijing New Space Technology Co., Ltd. stock price gained 10.00% on the last trading day (Tuesday, 25th Jun 2024), rising from $13.70 to $15.07. During the last trading day the stock fluctuated 9.12% from a day low at $13.81 to a day high of $15.07. The price has risen in 6 of the last 10 days and is up by 35.28% 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, 87 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $123.59 million.
Given the current short-term trend, the stock is expected to fall -27.57% during the next 3 months and, with a 90% probability hold a price between $6.75 and $10.91 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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605178.SS Signals & Forecast
Mostly positive signals in the chart today. The Beijing New Space Technology 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 $12.95 and $12.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 43.66%. 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 Beijing New Space Technology Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.70 and $13.46. 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, Beijing New Space Technology Co., Ltd. finds support just below today's level at $13.70. If this is broken, then the next support from accumulated volume will be at $13.46 and $12.45.
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 $1.26 between high and low, or 9.12%. For the last week, the stock has had daily average volatility of 9.00%.
Our recommended stop-loss: $14.52 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (605178.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Beijing New Space Technology Co., Ltd. to open at $14.65, and during the day (based on 14 day Average True Range), to move between $14.22 and $15.92, which gives a possible trading interval of +/-$0.85 (+/-5.65%) up or down from last closing price. If Beijing New Space Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.70 (9.09%) than the resistance at $16.88 (12.01%), 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 New Space Technology Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.639 Buy Candidate Unchanged
Predicted Opening Price for Beijing New Space Technology Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $14.65 ( 2.79%) | $15.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 605178.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.91 | 5.57% |
| R2 | 15.43 | 2.38% |
| R1 | 15.13 | 0.407% |
| Price | 15.07 | |
| S1 | 14.17 | -5.98% |
| S2 | 13.87 | -7.95% |
| S3 | 13.39 | -11.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.76 | 24.49% |
| R2 | 17.96 | 19.18% |
| R1 | 16.88 | 12.01% |
| Price | 15.07 | |
| S1 | 13.70 | -9.09% |
| S2 | 13.46 | -10.68% |
| S3 | 12.45 | -17.39% |
605178 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | $0.136 | 0.362% |
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