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.
AI Analysis of BCOV
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Brightcove Inc. stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Brightcove Inc. stock price gained 2.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.95 to $1.99. During the last trading day the stock fluctuated 3.65% from a day low at $1.92 to a day high of $1.99. The price has risen in 4 of the last 10 days and is up by 2.05% over the past 2 weeks. Volume fell on the last day by -119 thousand shares and in total, 108 thousand shares were bought and sold for approximately $213.95 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 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 $2.08 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 -23.89% during the next 3 months and, with a 90% probability hold a price between $1.23 and $1.58 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BCOV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 6.99%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brightcove Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.07. On a fall, the stock will find some support from the short-term average at $1.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not.

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

Brightcove Inc. finds support from accumulated volume at $1.95 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 3.65%. For the last week the stock has had daily average volatility of 3.51%.

Our recommended stop-loss: $1.89 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (BCOV) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Brightcove Inc. to open at $1.97, and during the day (based on 14 day Average True Range), to move between $1.89 and $2.09, which gives a possible trading interval of +/-$0.102 (+/-5.15%) up or down from last closing price. If Brightcove Inc. takes out the full calculated possible swing range there will be an estimated 10.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.95 (2.01%) than the resistance at $2.22 (11.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brightcove Inc. stock A Buy?

Brightcove Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.545 Hold/Accumulate Upgraded

Predicted Opening Price for Brightcove Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.97 ( 1.17%) $1.99

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

Trading levels for BCOV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.04 2.35 %
R2 2.01 1.00 %
R1 1.99 0.171 %
Current price: 1.99
Support S1 1.94 -2.52 %
S2 1.92 -3.35 %
S3 1.90 -4.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.38 19.60 %
R2 2.26 13.57 %
R1 2.22 11.56 %
Current price 1.99
Support S1 1.95 -2.01%
S2 1.89 -5.03%
S3 1.86 -6.53%

FAQ

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?
Brightcove Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 2024-03-27, the price of an Brightcove Inc. (BCOV) share was $1.99.

What is the 52-week high and low for Brightcove Inc. Stock?
The 52-week high for Brightcove Inc. Stock is $4.63 and the 52-week low is $1.81.

What is the market capitalization of Brightcove Inc. Stock?
As of the 2024-03-27, the market capitalization of Brightcove Inc. is 86.974M.

When is the next earnings date for Brightcove Inc.?
The upcoming earnings date for Brightcove Inc. is May 01, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT