BoomBit S.A. Stock Forecast
Green day on Monday for BoomBit S.A.
(Updated on Jun 17, 2024)
The BoomBit S.A. stock price gained 0.89% on the last trading day (Monday, 17th Jun 2024), rising from 11.20zł to 11.30zł. During the last trading day the stock fluctuated 0.89% from a day low at 11.20zł to a day high of 11.30zł. The price has been going up and down for this period, and there has been a -3% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately 15.89zł 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.21% during the next 3 months and, with a 90% probability hold a price between 11.21zł and 12.23zł at the end of this 3-month period.
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BBT.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 4.15%. 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.
A buy signal from a double bottom formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should go up by 8.26% to 12.23zł within 27 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for BoomBit S.A. stock
BoomBit S.A. finds support from accumulated volume at 11.25zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.100zł between high and low, or 0.89%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: 10.68zł (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BBT.WA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect BoomBit S.A. to open at 11.27zł, and during the day (based on 14 day Average True Range), to move between 11.00zł and 11.60zł, which gives a possible trading interval of +/-0.301zł (+/-2.66%) up or down from last closing price. If BoomBit S.A. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.25zł (0.44%) than the resistance at 11.40zł (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BoomBit S.A. stock A Buy?
BoomBit S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.368 Hold/Accumulate Unchanged
Predicted Opening Price for BoomBit S.A. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 11.27zł ( 0.295%) | 11.30zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBT.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.37 | 0.590% |
| R2 | 11.33 | 0.252% |
| R1 | 11.30 | 0.0431% |
| Price | 11.30 | |
| S1 | 11.23 | -0.633% |
| S2 | 11.20 | -0.84% |
| S3 | 11.17 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.75 | 3.98% |
| R2 | 11.50 | 1.77% |
| R1 | 11.40 | 0.88% |
| Price | 11.30 | |
| S1 | 11.25 | -0.442% |
| S2 | 11.00 | -2.65% |
| S3 | 10.95 | -3.10% |
BBT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2023 | Jun 27, 2023 | Jun 27, 2023 | 0.770zł | 5.81% |
| 2 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | 0.280zł | 2.36% |
| 3 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | 0.790zł | 7.68% |
| 4 | Nov 02, 2021 | Nov 02, 2021 | Nov 02, 2021 | 0.240zł | 1.28% |
FAQ
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