B.O.S. Better Online Solutions Stock Forecast
B.O.S. Better Online Solutions stock price up 0.713% on Wednesday
(Updated on Apr 24, 2024)
The B.O.S. Better Online Solutions stock price gained 0.713% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.79 to $2.81. During the last trading day the stock fluctuated 2.36% from a day low at $2.76 to a day high of $2.83. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 47 thousand shares were bought and sold for approximately $131.07 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.77 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 2.70% during the next 3 months and, with a 90% probability hold a price between $2.85 and $3.16 at the end of this 3-month period.
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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 $2.80 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 Monday, April 22, 2024, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found. B.O.S. Better Online Solutions has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0650 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: $2.65 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BOSC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect B.O.S. Better Online Solutions to open at $2.80, and during the day (based on 14 day Average True Range), to move between $2.72 and $2.90, which gives a possible trading interval of +/-$0.0889 (+/-3.17%) 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 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.80 (0.35%) than the resistance at $2.83 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 4.370 Buy Candidate Unchanged
Predicted Opening Price for B.O.S. Better Online Solutions of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $2.80 ( 0.413%) | $2.81 |
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 | 2.86 | 1.90 % | |
| R2 | 2.84 | 1.02 % | ||
| R1 | 2.82 | 0.471 % | ||
| Current price: | 2.81 | |||
| Support | S1 | 2.77 | -1.30 % | |
| S2 | 2.76 | -1.84 % | ||
| S3 | 2.73 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 8.54 % | |
| R2 | 2.85 | 1.43 % | ||
| R1 | 2.83 | 0.715 % | ||
| Current price | 2.81 | |||
| Support | S1 | 2.80 | -0.352% | |
| S2 | 2.74 | -2.49% | ||
| S3 | 2.71 | -3.56% |
FAQ
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