BKI Investment Company Limited Stock Forecast

Red day on Friday for BKI Investment Company Limited stock after losing 0.297%
(Updated on Jun 28, 2024)

BKI.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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 BKI Investment 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 $1.69 and $1.69. 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). BKI Investment Company Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 and based on theory for this formation the price should go up by 2.18% to $1.72 within 6 trading days since signal was issued (Thursday, May 09, 2024).

Support, Risk & Stop-loss for BKI Investment Company Limited stock

BKI Investment Company Limited finds support from accumulated volume at $1.68 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0150 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.83%.

Our recommended stop-loss: $1.59 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect BKI Investment Company Limited to open at $1.68, and during the day (based on 14 day Average True Range), to move between $1.66 and $1.70, which gives a possible trading interval of +/-$0.0167 (+/-0.99%) up or down from last closing price. If BKI Investment Company Limited takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.68 (0.30%) than the resistance at $1.69 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BKI Investment Company Limited stock A Buy?

BKI Investment Company Limited 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: -0.638 Hold/Accumulate Unchanged

Predicted Opening Price for BKI Investment Company Limited of Monday, July 1, 2024

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