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Couchbase, Inc. Stock Forecast NASDAQ:BASE

$27.99 (-5.31%)

Volume: 1M

Closed: Dec 08, 2021

Hollow Logo Score: -3.717

Couchbase, Inc. Stock Forecast

$27.99 (-5.31%)

Volume: 1M

Closed: Dec 08, 2021

Score Hollow Logo -3.717
Which way will BASE go? Request

BASE Stock Risk

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.37 between high and low, or 12.41%. For the last week, the stock has had a daily average volatility of 11.25%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 23 and the stock is currently not being overbought or oversold

Volatile ride for Couchbase, Inc. stock price on Wednesday moving between $27.15 and $30.52
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-18 Loss -31.68%

The Couchbase, Inc. stock price fell by -5.31% on the last day (Wednesday, 8th Dec 2021) from $29.56 to $27.99. During the day the stock fluctuated 12.41% from a day low at $27.15 to a day high of $30.52. The price has been going up and down for this period, and there has been a -11.28% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 1 million shares were bought and sold for approximately $29.40 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.35 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Couchbase, Inc. stock with a 90% probability to be traded between $25.18 and $46.07 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 10.37%. 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. The Couchbase, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.25 and $37.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Couchbase, Inc. finds support from accumulated volume at $27.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.37 between high and low, or 12.41%. For the last week, the stock has had a daily average volatility of 11.25%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Couchbase, Inc. stock A Buy?

Couchbase, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.717

Predicted Opening Price for Couchbase, Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$28.55 $27.99 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 08, 2021 "The Goldman Sachs Group" gave "$49.00 - $42.00" rating for BASE. The price target was changed from $27.93 to 5.5%.

Volatility and Risk
Daily Average Volatility: 11.25 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.25 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $29.56
Price: $27.99
Support: $27.50

BASE Insider Trading Show all Trades

INSIDER POWER

2.097

Last 37 transactions
Buy: 22 680 963 | Sell: 10 816 872 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 7 512 Antar Alvina Common Stock
Jul 26, 2021 Sell 1 024 048 Sorenson Capital Partners Iii, Lp Series G Preferred Stock
Jul 26, 2021 Sell 1 024 048 Sorenson Capital Partners Iii, Lp Series G Preferred Stock
Jul 26, 2021 Buy 3 248 392 Sorenson Capital Partners Iii, Lp Common Stock
Jul 26, 2021 Sell 204 809 Anderson Edward T Series G Preferred Stock
Show all Insider Trades
INSIDER POWER

2.097

Last 37 transactions
Buy: 22 680 963 | Sell: 10 816 872 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 31.92 14.05 %
30.64 9.45 %
29.84 6.61 %
Current price: 27.99
Support 27.27 -2.59 %
26.47 -5.43 %
25.18 -10.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 34.74 24.12 %
31.97 14.22 %
29.56 5.61 %
Current price 27.99
Support 27.50 -1.75%
26.05 -6.93%
25.36 -9.40%

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