$4.06 (0.495%)

Volume: 87.17k

Closed: May 26, 2023

Hollow Logo Score: 1.241
Brightcove Inc. Stock
$4.06 (0.495%)

Volume: 87.17k

Closed: May 26, 2023

Score Hollow Logo 1.241

Brightcove Inc. Stock Forecast

Updated Fri, May 26, 2023
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

GPT-4 AI Analysis

Brightcove Inc. stock price up 0.495% on Friday
(Updated on May 26, 2023)

Buy candidate since 2023-05-24 Loss -2.40% PDF

The Brightcove Inc. stock price gained 0.495% on the last trading day (Friday, 26th May 2023), rising from $4.04 to $4.06. During the last trading day the stock fluctuated 3.24% from a day low at $4.01 to a day high of $4.14. The price has risen in 7 of the last 10 days and is up by 21.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately $353.91 thousand.

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The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.48% during the next 3 months and, with a 90% probability hold a price between $2.33 and $3.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

BCOV Signals & Forecast

Mostly positive signals in the chart today. The Brightcove Inc. 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 $4.05 and $3.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 12, 2023, and so far it has risen 21.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Brightcove Inc. 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.

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Support, Risk & Stop-loss for Brightcove Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.58 and $3.48. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Brightcove Inc. finds support just below today's level at $3.58. If this is broken, then the next support from accumulated volume will be at $3.48 and $3.45.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 5.94%.

Our recommended stop-loss: $3.91 (-3.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (BCOV) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Brightcove Inc. to open at $4.07, and during the day (based on 14 day Average True Range), to move between $3.85 and $4.27, which gives a possible trading interval of +/-$0.207 (+/-5.10%) up or down from last closing price. If Brightcove Inc. takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.37 (7.64%) than the support at $3.58 (11.82%), 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 Brightcove Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.241 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Brightcove Inc. of Tuesday, May 30, 2023

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

Fair opening price May 30, 2023 Current price
$4.07 $4.06 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.20 3.45 %
R2 4.15 2.23 %
R1 4.12 1.47 %
Current price: 4.06
Support S1 4.02 -0.98 %
S2 3.99 -1.73 %
S3 3.94 -2.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.71 16.01 %
R2 4.53 11.58 %
R1 4.37 7.64 %
Current price 4.06
Support S1 3.58 -11.82%
S2 3.48 -14.29%
S3 3.45 -15.02%


What is the symbol for Brightcove Inc. Stock and on which exchange is it traded?
The symbol for Brightcove Inc. is BCOV and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Brightcove Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Brightcove Inc. Stock?
Brightcove Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brightcove Inc. Stock.

What's the current price of Brightcove Inc. Stock?
As of the end of day on the 2023-05-26, the price of an Brightcove Inc. (BCOV) share was $4.06.

What is the 52-week high and low for Brightcove Inc. Stock?
The 52-week high for Brightcove Inc. Stock is $7.45 and the 52-week low is $3.30.

What is the market capitalization of Brightcove Inc. Stock?
As of the 2023-05-26, the market capitalization of Brightcove Inc. is 265.896M.

When is the next earnings date for Brightcove Inc.?
The upcoming earnings date for Brightcove Inc. is 2023-07-31 00:00:00.

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About Brightcove Inc.

Brightcove. Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video playe... BCOV Profile

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