BEST Inc. Stock Forecast

BEST Inc. stock price fell more than -5.28% Monday closing at $1.97
(Updated on May 13, 2024)

BEST Signals & Forecast

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 BEST 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 $2.07 and $2.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -14.35%. Further fall is indicated until a new bottom pivot has been found. BEST Inc. 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.

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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.160 between high and low, or 8.42%. For the last week the stock has had daily average volatility of 2.89%.

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

Trading Expectations (BEST) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect BEST Inc. to open at $1.98, and during the day (based on 14 day Average True Range), to move between $1.91 and $2.03, which gives a possible trading interval of +/-$0.0630 (+/-3.20%) up or down from last closing price. If BEST Inc. takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.08, some $0.110 (5.58%) from the current price of $1.97, our system finds the risk reward not very attractive.

Is BEST Inc. stock A Buy?

BEST Inc. holds several negative signals and is within a wide and falling trend, so we believe 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 Strong Sell candidate.

Current score: -5.327 Strong Sell Candidate Downgraded

Predicted Opening Price for BEST Inc. of Tuesday, May 14, 2024

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