BEPRO Network USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BEPRO Network USD stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The BEPRO Network USD stock price fell by -1.34% on the last day (Friday, 28th Jun 2024) from $0.0007 to $0.0007. During the last trading day the stock fluctuated 1.97% from a day low at $0.0007 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 19.68% gain for the last 2 weeks. Volume has increased on the last day by 100 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 483 thousand shares were bought and sold for approximately $320.00 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0006, a level that may pose a second chance to hit a runner. According to fan-theory $0.0009 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BEPROUSD Signals & Forecast
There are mixed signals in the stock today. The BEPRO Network USD 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 $0.0007. On a fall, the stock will find some support from the short-term average at $0.0006. 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. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -23.04%. Further fall is indicated until a new bottom pivot has been found. BEPRO Network USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BEPRO Network USD stock
BEPRO Network USD finds support from accumulated volume at $0.0007 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.000013 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 5.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEPROUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BEPRO Network USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0007, which gives a possible trading interval of +/-$0.00002940 (+/-4.43%) up or down from last closing price. If BEPRO Network USD takes out the full calculated possible swing range there will be an estimated 8.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0007 (1.21%) than the resistance at $0.0007 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BEPRO Network USD stock A Buy?
BEPRO Network USD 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: -3.060 Sell Candidate Downgraded
Predicted Opening Price for BEPRO Network USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0007 ( 0.251%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEPROUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 2.21% |
| R2 | 0.0007 | 1.46% |
| R1 | 0.0007 | 1.00% |
| Price | 0.0007 | |
| S1 | 0.0007 | -0.498% |
| S2 | 0.0007 | -0.96% |
| S3 | 0.0007 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 13.57% |
| R2 | 0.0007 | 9.35% |
| R1 | 0.0007 | 1.36% |
| Price | 0.0007 | |
| S1 | 0.0007 | -1.21% |
| S2 | 0.0006 | -2.87% |
| S3 | 0.0006 | -3.17% |
FAQ
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