Balwin Properties Limited Stock Forecast

Big movements in Balwin Properties Limited stock price on Thursday moving 20.97% between high and low
(Updated on May 16, 2024)

BWN.JO Signals & Forecast

The Balwin Properties Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $189.43 and $179.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 30.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Balwin Properties Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $188.00 and $184.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Balwin Properties Limited finds support just below today's level at $188.00. If this is broken, then the next support from accumulated volume will be at $184.00 and $173.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $39.00 between high and low, or 20.97%. For the last week, the stock has had daily average volatility of 11.99%.

The Balwin Properties Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $215.78 (-2.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (BWN.JO) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Balwin Properties Limited to open at $211.00, and during the day (based on 14 day Average True Range), to move between $207.11 and $236.89, which gives a possible trading interval of +/-$14.89 (+/-6.71%) up or down from last closing price. If Balwin Properties Limited takes out the full calculated possible swing range there will be an estimated 13.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $188.00, some $34.00 (15.32%) from the current price of $222.00, our system finds the risk reward attractive.

Is Balwin Properties Limited stock A Buy?

Balwin Properties Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Balwin Properties Limited of Friday, May 17, 2024

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