Bilibili Inc. Stock Forecast
Bilibili Inc. stock price ended at $12.73 on Wednesday, after gaining 0.712%.
(Updated on May 01, 2024)
The Bilibili Inc. stock price gained 0.712% on the last trading day (Wednesday, 1st May 2024), rising from $12.64 to $12.73. During the last trading day the stock fluctuated 5.69% from a day low at $12.31 to a day high of $13.01. The price has risen in 6 of the last 10 days and is up by 15.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 329 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $74.85 million.
The stock lies in the middle of a wide and strong 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 24.87% during the next 3 months and, with a 90% probability hold a price between $14.06 and $16.78 at the end of this 3-month period.
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BILI Signals & Forecast
The Bilibili Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.65 and $11.64. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bilibili Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.49 and $11.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bilibili Inc. finds support just below today's level at $11.49. If this is broken, then the next support from accumulated volume will be at $11.20 and $10.20.
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 $0.700 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: $12.02 (-5.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BILI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bilibili Inc. to open at $12.68, and during the day (based on 14 day Average True Range), to move between $12.11 and $13.35, which gives a possible trading interval of +/-$0.618 (+/-4.86%) up or down from last closing price. If Bilibili Inc. takes out the full calculated possible swing range there will be an estimated 9.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.75 (0.16%) than the support at $11.49 (9.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bilibili Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bilibili Inc. stock to perform well in the short-term.
Current score: 1.525 Buy Candidate Unchanged
Predicted Opening Price for Bilibili Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.68 ( 0.367%) | $12.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BILI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.38 | 5.13 % | |
| R2 | 13.12 | 3.03 % | ||
| R1 | 12.95 | 1.73 % | ||
| Current price: | 12.73 | |||
| Support | S1 | 12.42 | -2.47 % | |
| S2 | 12.25 | -3.76 % | ||
| S3 | 11.98 | -5.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.35 | 4.87 % | |
| R2 | 13.12 | 3.06 % | ||
| R1 | 12.75 | 0.157 % | ||
| Current price | 12.73 | |||
| Support | S1 | 11.49 | -9.74% | |
| S2 | 11.20 | -12.02% | ||
| S3 | 10.20 | -19.87% |
FAQ
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