Beijing Bohui Science & Technology Co., Stock Forecast
Volatile ride for Beijing Bohui Science & Technology Co., stock price on Wednesday moving between $10.16 and $11.24
(Updated on Jun 26, 2024)
The Beijing Bohui Science & Technology Co., stock price gained 7.80% on the last trading day (Wednesday, 26th Jun 2024), rising from $10.39 to $11.20. During the last trading day the stock fluctuated 10.63% from a day low at $10.16 to a day high of $11.24. The price has been going up and down for this period, and there has been a 3.51% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 907 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $26.79 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -43.19% during the next 3 months and, with a 90% probability hold a price between $4.31 and $7.67 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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688004.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 13.82%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Bohui Science & Technology Co., stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.88. On a fall, the stock will find some support from the short-term average at $11.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Beijing Bohui Science & Technology Co., stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.55 and $10.43. 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 Bohui Science & Technology Co., finds support just below today's level at $10.55. If this is broken, then the next support from accumulated volume will be at $10.43 and $9.84.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.08 between high and low, or 10.63%. For the last week, the stock has had daily average volatility of 6.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688004.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Beijing Bohui Science & Technology Co., Ltd. to open at $10.87, and during the day (based on 14 day Average True Range), to move between $10.40 and $12.00, which gives a possible trading interval of +/-$0.797 (+/-7.11%) up or down from last closing price. If Beijing Bohui Science & Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.28 (0.71%) than the support at $10.55 (5.80%), 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 Beijing Bohui Science & Technology Co., Ltd. stock A Buy?
Beijing Bohui Science & Technology Co., holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.528 Sell Candidate Unchanged
Predicted Opening Price for Beijing Bohui Science & Technology Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $10.87 ( 2.98%) | $11.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688004.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.95 | 6.67% |
| R2 | 11.53 | 2.98% |
| R1 | 11.28 | 0.707% |
| Price | 11.20 | |
| S1 | 10.45 | -6.66% |
| S2 | 10.20 | -8.94% |
| S3 | 9.79 | -12.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.45 | 2.23% |
| R2 | 11.42 | 1.96% |
| R1 | 11.28 | 0.714% |
| Price | 11.20 | |
| S1 | 10.55 | -5.80% |
| S2 | 10.43 | -6.88% |
| S3 | 9.84 | -12.14% |
688004 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | $0.0870 | 0.494% |
| 2 | May 31, 2021 | May 31, 2021 | May 31, 2021 | $0.250 | 1.00% |
FAQ
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