Beston Global Food Company Limited Stock Forecast
High volatility in Beston Global Food Company Limited stock price on Thursday which ended trading at $0.0040
(Updated on May 16, 2024)
The Beston Global Food Company Limited stock price gained 33.33% on the last trading day (Thursday, 16th May 2024), rising from $0.0030 to $0.0040. During the last trading day the stock fluctuated 33.33% from a day low at $0.0030 to a day high of $0.0040. The price has fallen in 4 of the last 10 days and is down by -20% for this period. Volume fell on the last day by -2 million shares and in total, 144 thousand shares were bought and sold for approximately $576.26 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -34.34% during the next 3 months and, with a 90% probability hold a price between $0.0019 and $0.0040 at the end of this 3-month period.
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BFC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 33.33%. 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 Beston Global Food Company 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 $0.0040 and $0.0055. 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 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.
Support, Risk & Stop-loss for Beston Global Food Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0010 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 25.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFC.AX) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Beston Global Food Company Limited to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0049, which gives a possible trading interval of +/-$0.0009 (+/-23.20%) up or down from last closing price. If Beston Global Food Company Limited takes out the full calculated possible swing range there will be an estimated 46.40% move between the lowest and the highest trading price during the day.
Is Beston Global Food Company Limited stock A Buy?
Beston Global Food Company Limited 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.
Current score: -4.036 Sell Candidate Unchanged
Predicted Opening Price for Beston Global Food Company Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0037 ( 8.33%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 16.67 % | |
| R2 | 0.0043 | 7.12 % | ||
| R1 | 0.0040 | 1.22 % | ||
| Current price: | 0.0040 | |||
| Support | S1 | 0.0033 | -17.88 % | |
| S2 | 0.0030 | -23.78 % | ||
| S3 | 0.0027 | -33.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0040 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 31, 2016 | Sep 07, 2016 | Oct 31, 2016 | $0.0053 | 1.76% |
FAQ
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