Boustead Singapore Limited Stock Forecast

Boustead Singapore Limited stock price up 1.96% on Friday
(Updated on Jun 28, 2024)

F9D.SI Signals & Forecast

The Boustead Singapore 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 S$1.03 and S$1.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 4.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not. The stock had a Golden Star Signal on Thursday, June 20, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Boustead Singapore Limited stock

Boustead Singapore Limited finds support from accumulated volume at S$1.03 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$0.0200 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.37%

Our recommended stop-loss: S$0.99 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (F9D.SI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Boustead Singapore Limited to open at S$1.03, and during the day (based on 14 day Average True Range), to move between S$1.02 and S$1.06, which gives a possible trading interval of +/-S$0.0165 (+/-1.59%) up or down from last closing price. If Boustead Singapore Limited takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ S$1.03, some S$0.0100 (0.96%) from the current price of S$1.04, our system finds the risk reward attractive.

Is Boustead Singapore Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Boustead Singapore Limited stock to perform well in the short-term.

Current score: 4.796 Buy Candidate Unchanged

Predicted Opening Price for Boustead Singapore Limited of Monday, July 1, 2024

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