B.O.S. Better Online Solutions Stock Forecast
Green day on Thursday for B.O.S. Better Online Solutions
(Updated on Apr 18, 2024)
The B.O.S. Better Online Solutions stock price gained 0.340% on the last trading day (Thursday, 18th Apr 2024), rising from $2.82 to $2.83. During the last trading day the stock fluctuated 0.89% from a day low at $2.82 to a day high of $2.84. The price has fallen in 6 of the last 10 days and is down by -0.37% for this period. Volume fell on the last day by -19 thousand shares and in total, 5 thousand shares were bought and sold for approximately $13.85 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.31% during the next 3 months and, with a 90% probability hold a price between $2.87 and $3.14 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOSC Signals & Forecast
The B.O.S. Better Online Solutions 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 $2.82 and $2.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.06%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for B.O.S. Better Online Solutions stock
B.O.S. Better Online Solutions finds support from accumulated volume at $2.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0250 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: $2.67 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BOSC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect B.O.S. Better Online Solutions to open at $2.83, and during the day (based on 14 day Average True Range), to move between $2.73 and $2.93, which gives a possible trading interval of +/-$0.102 (+/-3.60%) up or down from last closing price. If B.O.S. Better Online Solutions takes out the full calculated possible swing range there will be an estimated 7.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.83 (0.01%) than the support at $2.80 (1.05%), 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 B.O.S. Better Online Solutions 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 B.O.S. Better Online Solutions stock to perform well in the short-term.
Current score: 2.384 Buy Candidate Unchanged
Predicted Opening Price for B.O.S. Better Online Solutions of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.83 ( 0.0495%) | $2.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.85 | 0.83 % | |
| R2 | 2.84 | 0.497 % | ||
| R1 | 2.84 | 0.288 % | ||
| Current price: | 2.83 | |||
| Support | S1 | 2.82 | -0.387 % | |
| S2 | 2.81 | -0.595 % | ||
| S3 | 2.80 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 7.79 % | |
| R2 | 2.85 | 0.721 % | ||
| R1 | 2.83 | 0.0141 % | ||
| Current price | 2.83 | |||
| Support | S1 | 2.80 | -1.05% | |
| S2 | 2.74 | -3.17% | ||
| S3 | 2.71 | -4.23% |
FAQ
Click here for our free guide on how to buy B.O.S. Better Online Solutions Stock.
