Best World International Limited Stock Forecast
Red day on Friday for Best World International Limited stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Best World International Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.402% from a day low at S$2.49 to a day high of S$2.50. The price has fallen in 5 of the last 10 days and is down by -0.4% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Best World International Limited stock with a 90% probability to be traded between S$2.46 and S$2.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CGN.SI Signals & Forecast
There are mixed signals in the stock today. The Best World International Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at S$2.49. On a fall, the stock will find some support from the short-term average at S$2.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.400%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -1.41% to S$2.46 within 8 trading days since signal was issued (Tuesday, July 09, 2024).
Support, Risk & Stop-loss for Best World International Limited stock
Best World International Limited finds support from accumulated volume at S$2.48 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$0.0100 between high and low, or 0.402%. For the last week the stock has had daily average volatility of 0.726%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGN.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Best World International Limited to open at S$2.49, and during the day (based on 14 day Average True Range), to move between S$2.47 and S$2.51, which gives a possible trading interval of +/-S$0.0174 (+/-0.70%) up or down from last closing price. If Best World International Limited takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$2.50 (0.40%) than the support at S$2.48 (0.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Best World International Limited stock A Buy?
Best World International Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.519 Sell Candidate Unchanged
Predicted Opening Price for Best World International Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| S$2.49 ( 0.134%) | S$2.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGN.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.50 | 0.535% |
| R2 | 2.50 | 0.382% |
| R1 | 2.50 | 0.287% |
| Price | 2.49 | |
| S1 | 2.49 | -0.0195% |
| S2 | 2.49 | -0.114% |
| S3 | 2.48 | -0.268% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2.50 | 0.402% |
| Price | 2.49 | |
| S1 | 2.48 | -0.402% |
| S2 | 2.47 | -0.80% |
| S3 | 0 | - |
CGN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | S$0.0080 | 0.588% |
| 2 | Aug 19, 2019 | Aug 19, 2019 | Aug 19, 2019 | S$0.0120 | 0.88% |
| 3 | Nov 29, 2018 | Nov 29, 2018 | Nov 29, 2018 | S$0.0120 | 0.504% |
| 4 | Aug 31, 2018 | Aug 31, 2018 | Aug 31, 2018 | S$0.0120 | 0.96% |
| 5 | May 04, 2018 | May 04, 2018 | May 04, 2018 | S$0.0260 | 1.76% |
FAQ
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