Banyan Tree Holdings Limited Stock Forecast
Red day on Friday for Banyan Tree Holdings Limited
(Updated on Jun 28, 2024)
The Banyan Tree Holdings Limited stock price fell by -1.25% on the last day (Friday, 28th Jun 2024) from S$0.400 to S$0.395. During the last trading day the stock fluctuated 1.28% from a day low at S$0.390 to a day high of S$0.395. The price has fallen in 6 of the last 10 days and is down by -5.95% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -148 thousand shares and in total, 152 thousand shares were bought and sold for approximately S$60.12 thousand.
The stock lies in the middle of a 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 11.97% during the next 3 months and, with a 90% probability hold a price between S$0.432 and S$0.483 at the end of this 3-month period.
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B58.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Banyan Tree Holdings Limited 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 S$0.402 and S$0.409. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -7.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Banyan Tree Holdings Limited stock
Banyan Tree Holdings Limited finds support from accumulated volume at S$0.385 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved S$0.0050 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.52%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (B58.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Banyan Tree Holdings Limited to open at S$0.393, and during the day (based on 14 day Average True Range), to move between S$0.385 and S$0.405, which gives a possible trading interval of +/-S$0.0102 (+/-2.58%) up or down from last closing price. If Banyan Tree Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.405 (2.53%) than the support at S$0.385 (2.53%), 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 Banyan Tree Holdings Limited stock A Buy?
The Banyan Tree Holdings Limited stock holds several negative signals and despite the positive trend, we believe Banyan Tree Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.599 Sell Candidate Unchanged
Predicted Opening Price for Banyan Tree Holdings Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| S$0.393 ( 0.422%) | S$0.395 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for B58.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.398 | 0.84% |
| R2 | 0.396 | 0.360% |
| R1 | 0.395 | 0.0616% |
| Price | 0.395 | |
| S1 | 0.391 | -0.91% |
| S2 | 0.390 | -1.20% |
| S3 | 0.388 | -1.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.415 | 5.06% |
| R2 | 0.410 | 3.80% |
| R1 | 0.405 | 2.53% |
| Price | 0.395 | |
| S1 | 0.385 | -2.53% |
| S2 | 0.380 | -3.80% |
| S3 | 0.370 | -6.33% |
B58 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 27, 2024 | S$0.0120 | 2.82% |
| 2 | May 06, 2024 | May 06, 2024 | May 27, 2024 | S$0.0120 | 2.82% |
| 3 | May 02, 2019 | May 02, 2019 | May 02, 2019 | S$0.0105 | 1.89% |
| 4 | May 03, 2018 | May 03, 2018 | May 03, 2018 | S$0.0100 | 1.71% |
| 5 | May 06, 2015 | May 06, 2015 | May 06, 2015 | S$0.0013 | 0.243% |
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