Beijing Succeeder Technology Inc. Stock Forecast
Stronger technical forecast for Beijing Succeeder Technology Inc. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Beijing Succeeder Technology Inc. stock price gained 3.24% on the last trading day (Wednesday, 26th Jun 2024), rising from $21.00 to $21.68. During the last trading day the stock fluctuated 5.08% from a day low at $20.68 to a day high of $21.73. The price has fallen in 7 of the last 10 days and is down by -3.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 641 thousand shares were bought and sold for approximately $13.89 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 -7.41% during the next 3 months and, with a 90% probability hold a price between $17.49 and $22.80 at the end of this 3-month period.
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688338.SS Signals & Forecast
There are mixed signals in the stock today. The Beijing Succeeder Technology Inc. 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 $21.68 and $23.24. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 3.24%. 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 Succeeder Technology Inc. stock
Beijing Succeeder Technology Inc. finds support from accumulated volume at $21.66 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 $1.05 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: $20.54 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (688338.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Beijing Succeeder Technology Inc. to open at $21.36, and during the day (based on 14 day Average True Range), to move between $20.89 and $22.47, which gives a possible trading interval of +/-$0.794 (+/-3.66%) up or down from last closing price. If Beijing Succeeder Technology Inc. takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.66 (0.09%) than the resistance at $24.04 (10.89%), 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 Succeeder Technology Inc. stock A Buy?
Beijing Succeeder Technology Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.886 Hold/Accumulate Upgraded
Predicted Opening Price for Beijing Succeeder Technology Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $21.36 ( 1.46%) | $21.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688338.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.41 | 3.38% |
| R2 | 22.01 | 1.53% |
| R1 | 21.76 | 0.389% |
| Price | 21.68 | |
| S1 | 20.96 | -3.31% |
| S2 | 20.71 | -4.45% |
| S3 | 20.31 | -6.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.17 | 16.10% |
| R2 | 24.05 | 10.93% |
| R1 | 24.04 | 10.89% |
| Price | 21.68 | |
| S1 | 21.66 | -0.0923% |
| S2 | 21.05 | -2.91% |
| S3 | 20.46 | -5.63% |
688338 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | $0.260 | 1.24% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.260 | 0.608% |
| 3 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | $0.250 | 1.00% |
| 4 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | $0.400 | 0.94% |
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