Bukit Sembawang Estates Limited Stock Forecast

Green day on Thursday for Bukit Sembawang Estates Limited
(Updated on Jun 13, 2024)

B61.SI Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -2.79%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Bukit Sembawang Estates Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately S$3.49. On a fall, the stock will find some support from the long-term average at approximately S$3.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Bukit Sembawang Estates Limited stock

Bukit Sembawang Estates Limited finds support from accumulated volume at S$3.47 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$0.0300 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 0.87%

Our recommended stop-loss: S$3.32 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (B61.SI) For The Upcoming Trading Day Of Friday 14th

For the upcoming trading day on Friday, 14th we expect Bukit Sembawang Estates Limited to open at S$3.48, and during the day (based on 14 day Average True Range), to move between S$3.43 and S$3.53, which gives a possible trading interval of +/-S$0.0471 (+/-1.35%) up or down from last closing price. If Bukit Sembawang Estates Limited takes out the full calculated possible swing range there will be an estimated 2.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at S$3.47 (0.29%) than the resistance at S$3.50 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bukit Sembawang Estates Limited stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.490 Buy Candidate Unchanged

Predicted Opening Price for Bukit Sembawang Estates Limited of Friday, June 14, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.