Red day on Friday for bebe stores stock after losing 1.18%
(Updated on Dec 03, 2021)
Buy or Hold candidate since 2021-11-30 Loss -1.18% PDF
The bebe stores stock price fell by -1.18% on the last day (Friday, 3rd Dec 2021) from $8.50 to $8.40. During the day the stock fluctuated 0.12% from a day low at $8.40 to a day high of $8.41. The price has been going up and down for this period, and there has been a -2.33% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -51 thousand shares and in total, 625 shares were bought and sold for approximately $5.25 thousand.
The stock lies in the middle of a very wide and 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 4.08% during the next 3 months and, with a 90% probability hold a price between $6.83 and $9.66 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, October 22, 2021, and so far it has risen 5.00%. 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. The bebe stores stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.51 and $8.47. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
bebe stores finds support from accumulated volume at $8.38 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 therefore the general risk is considered very 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 $0.0100 between high and low, or 0.12%. For the last week the stock has had a daily average volatility of 3.76%
Our recommended stop-loss: $7.95 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Is bebe stores stock A Buy?
bebe stores 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: -0.448
Predicted Opening Price for bebe stores of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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