Bentley Capital Ltd Fund Forecast

Bentley Capital Ltd fund price fell more than -5.56% Friday closing at A$0.0170
(Updated on Jun 28, 2024)

BEL.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Bentley Capital Ltd fund 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 A$0.0190 and A$0.0317. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -5.56%. 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 fund 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 Bentley Capital Ltd fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund 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 fund During the last day, the fund moved A$0 between high and low, or 0%. For the last week the fund has had daily average volatility of 3.53%

Our recommended stop-loss: A$0.0160 (-6.11%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (BEL.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bentley Capital Ltd to open at A$0.0170, and during the day (based on 14 day Average True Range), to move between A$0.0140 and A$0.0200, which gives a possible trading interval of +/-A$0.0030 (+/-17.84%) up or down from last closing price. If Bentley Capital Ltd takes out the full calculated possible swing range there will be an estimated 35.68% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ A$0.0180, some A$0.0010 (5.88%) from the current price of A$0.0170, our system finds the risk reward not very attractive.

Is Bentley Capital Ltd fund A Buy?

Bentley Capital Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bentley Capital Ltd of Monday, July 1, 2024

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