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$9.81 (0.51%)

Volume: 249k

Closed: Nov 29, 2021

Hollow Logo Score: -2.175

Brightcove Inc. Stock Forecast

$9.81 (0.51%)

Volume: 249k

Closed: Nov 29, 2021

Score Hollow Logo -2.175
Which way will BCOV go? Request
Key Stats
P/E Ratio 57.58
Beta 1.21
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 40 and the stock is currently not being overbought or oversold

Brightcove Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Nov 29, 2021)

Sell candidate since 2021-11-26 Gain 0.51%

The Brightcove Inc. stock price gained 0.51% on the last trading day (Monday, 29th Nov 2021), rising from $9.76 to $9.81. During the day the stock fluctuated 3.01% from a day low at $9.63 to a day high of $9.92. The price has been going up and down for this period, and there has been a -3.63% 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, 101 thousand more shares were traded than the day before. In total, 249 thousand shares were bought and sold for approximately $2.44 million.

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 -15.11% during the next 3 months and, with a 90% probability hold a price between $7.40 and $9.69 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.

Signals & Forecast

There are mixed signals in the stock today. The Brightcove 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 $9.98 and $10.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, October 28, 2021, and so far it has risen 4.36%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

Brightcove Inc. finds support from accumulated volume at $9.76 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.29 between high and low, or 3.01%. For the last week the stock has had a daily average volatility of 3.79%.

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

Is Brightcove Inc. stock A Buy?

Brightcove Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.175

Predicted Opening Price for Brightcove Inc. of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$9.79 $9.81 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 28, 2021 "Northland Securities" gave "$23.00" rating for BCOV. The price target was changed from $11.86 to 2.5%.

Volatility and Risk
Daily Average Volatility: 3.79 %
Overall Risk: Very High High Medium Low Very Low
3.79 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $9.92
Price: $9.81
Support: $9.76

BCOV Insider Trading Show all Trades



Last 100 transactions
Buy: 1 262 935 | Sell: 174 090 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Buy 50 000 Edenbrook Capital, Llc Common Stock, par value $0.0001
Nov 23, 2021 Buy 20 300 Edenbrook Capital, Llc Common Stock, par value $0.0001
Nov 19, 2021 Buy 2 000 Edenbrook Capital, Llc Call Option (Right to Buy)
Nov 16, 2021 Buy 2 000 Ray Jeff Common Stock
Nov 16, 2021 Buy 2 000 Ray Jeff Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 1 262 935 | Sell: 174 090 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.08 2.72 %
9.97 1.59 %
9.90 0.89 %
Current price: 9.81
Support 9.68 -1.37 %
9.61 -2.06 %
9.50 -3.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.42 16.41 %
11.31 15.29 %
9.92 1.12 %
Current price 9.81
Support 9.76 -0.51%
9.40 -4.18%
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About Brightcove Inc.

Brightcove Brightcove Inc. provides cloud-based services for video. The company primarily offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. Its Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, soc... Read more

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