Beijing Baolande Software Corporation Stock Forecast
Beijing Baolande Software Corporation stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Beijing Baolande Software Corporation stock price fell by -1.84% on the last day (Friday, 28th Jun 2024) from $21.22 to $20.83. During the last trading day the stock fluctuated 5.68% from a day low at $20.61 to a day high of $21.78. The price has fallen in 7 of the last 10 days and is down by -32.52% for this period. Volume has increased on the last day by 215 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 780 thousand shares were bought and sold for approximately $16.25 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 $20.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.29% during the next 3 months and, with a 90% probability hold a price between $14.81 and $22.18 at the end of this 3-month period.
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688058.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.92%. 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 Baolande Software Corporation 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 $22.59 and $29.80. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Beijing Baolande Software Corporation stock
Beijing Baolande Software Corporation finds support from accumulated volume at $20.82 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 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 $1.17 between high and low, or 5.68%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688058.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Beijing Baolande Software Corporation to open at $21.07, and during the day (based on 14 day Average True Range), to move between $19.22 and $22.44, which gives a possible trading interval of +/-$1.61 (+/-7.73%) up or down from last closing price. If Beijing Baolande Software Corporation takes out the full calculated possible swing range there will be an estimated 15.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.82 (0.05%) than the resistance at $21.22 (1.87%), 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 Baolande Software Corporation stock A Buy?
Beijing Baolande Software Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.735 Strong Sell Candidate Downgraded
Predicted Opening Price for Beijing Baolande Software Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.07 ( 1.17%) | $20.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688058.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.24 | 6.79% |
| R2 | 21.80 | 4.64% |
| R1 | 21.52 | 3.31% |
| Price | 20.83 | |
| S1 | 20.63 | -0.98% |
| S2 | 20.35 | -2.30% |
| S3 | 19.90 | -4.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.92 | 5.23% |
| R2 | 21.71 | 4.22% |
| R1 | 21.22 | 1.87% |
| Price | 20.83 | |
| S1 | 20.82 | -0.0480% |
| S2 | 20.64 | -0.91% |
| S3 | 0 | - |
688058 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.260 | 1.19% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | $0.600 | 1.59% |
| 3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $1.02 | 2.27% |
| 4 | May 27, 2020 | May 27, 2020 | May 27, 2020 | $0.357 | 0.539% |
FAQ
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