Brave Bison Group Plc Stock Forecast
Volatile ride for Brave Bison Group Plc stock price on Friday moving between £2.45 and £2.80
(Updated on May 17, 2024)
The Brave Bison Group Plc stock price gained 4.00% on the last trading day (Friday, 17th May 2024), rising from £2.50 to £2.60. During the last trading day the stock fluctuated 14.29% from a day low at £2.45 to a day high of £2.80. The price has been going up and down for this period, and there has been a 2.77% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately £4.11 million. 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.74% during the next 3 months and, with a 90% probability hold a price between £2.17 and £2.72 at the end of this 3-month period.
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BBSN.L Signals & Forecast
The Brave Bison Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £2.53 and £2.56. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -7.96%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brave Bison Group Plc stock
Brave Bison Group Plc finds support from accumulated volume at £2.53 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.350 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 6.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBSN.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Brave Bison Group Plc to open at £2.62, and during the day (based on 14 day Average True Range), to move between £2.47 and £2.73, which gives a possible trading interval of +/-£0.135 (+/-5.18%) up or down from last closing price. If Brave Bison Group Plc takes out the full calculated possible swing range there will be an estimated 10.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2.53 (2.69%) than the resistance at £2.73 (4.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brave Bison Group Plc stock A Buy?
Brave Bison Group Plc 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: -1.110 Sell Candidate Unchanged
Predicted Opening Price for Brave Bison Group Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £2.62 ( 0.641%) | £2.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBSN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.97 | 14.10 % | |
| R2 | 2.83 | 8.96 % | ||
| R1 | 2.75 | 5.78 % | ||
| Current price: | 2.60 | |||
| Support | S1 | 2.48 | -4.50 % | |
| S2 | 2.40 | -7.68 % | ||
| S3 | 2.27 | -12.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.80 | 7.69 % | |
| R2 | 2.75 | 5.92 % | ||
| R1 | 2.73 | 4.81 % | ||
| Current price | 2.60 | |||
| Support | S1 | 2.53 | -2.69% | |
| S2 | 2.50 | -3.85% | ||
| S3 | 2.40 | -7.69% |
FAQ
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