KBS Fashion Group Limited (KBSF)

KBS Fashion stock forecast: buy or sell

KBS Fashion stock outlook

  • KBS Fashion closed last Friday at $2.43 (0.41%) prior to presenting earnings at
  • The stock is configuring an uptrend pattern since mid-March, when it bottomed at $0.95. This uptrend marked a 155.79% gain
  • KBS Fashion Group Limited, a casual menswear company, designs, markets, and sells fashion menswear products in the People's Republic of China.
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The opinions contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the particular scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for education motives only

KBS Fashion stock chart overview

Should I buy KBS Fashion stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is KBSF stock a buy?

Currently, KBS Fashion stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean KBSF will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell KBS Fashion stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid rash decisions based on our emotions or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for selling short KBS Fashion stock

A guiding principle is that you must never keep a trading operation that produces losses greater than those expected at the time of the buy. The timing to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell KBS Fashion stock?

Currently, KBS Fashion stock doesn't match any of our preferred sell setups, so if you own KBS Fashion stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell KBS Fashion stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the previous 30 days for KBS Fashion

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Technical analysis

KBS Fashion shares started an uptrend in mid-March, and grew an amazing 155.79%. The price shows rising peaks and troughs, and along the way provided very few entry points for those who wanted to invest. Latest low was in mid-May, when price bounced at $1.58. Currently, it trades in a consolidation between its last top ($4.45) and its last bottom ($1.58)

SMAs overview

Moving averages are simple tools for investors to measure market direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Investors use supports and resistances to spot price points in the stock price action that tend to work as barriers, containing the price of a stock to move up or down. A support level is a level where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue falling until approaching another support level. On the other side, resistances are where the price tends to find a curb as it rises. Likewise, this means that the price is more likely to "rebound" at this level, and if it finally breaches this level, it will climb more easily until it finds the next resistance

The current resistances are:

  • R1: $2.48 (2.06% above)
  • R2: $2.49 (2.47% above)
  • R3: $2.52 (3.7% above)
  • The current support levels are:

  • S1: $2.20 (-9.47% below)
  • S2: $2.11 (-13.17% below)
  • S3: $1.96 (-19.34% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are lines that run around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to plot the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 54.98. Since then, KBS Fashion price collapsed a 15.92%

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    Earnings and financials

    KBS Fashion had the quarterly shareholders event and posted the Q4 report in early June.

    In contract, the EPS for the same quarter last year was $-6.62, so current EPS is a improvement of 99.4%. Revenue exploded a 363.94% on an annualized basis in the 4th-quarter, from $3.6M to $16.5M last quarter.

    KBS Fashion will host the earnings call. If you hold or you are thinking of buying KBS Fashion stock, you must be careful as earnings reporting day usually has a very high volatility, and price can gap up or down with very low liquidity and not respecting your buy or stop-loss orders. You can probably find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.kbsfashion.com.

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