Blue Line Pr Ord Stock Forecast

Volatile ride for Blue Line Pr Ord stock price on Monday moving between $0.0600 and $0.246
(Updated on May 06, 2024)

BLPG Signals & Forecast

The Blue Line Pr Ord 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 $0.0889 and $0.0549. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 516.00%. 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). Blue Line Pr Ord has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Blue Line Pr Ord 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.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.186 between high and low, or 310.67%. For the last week, the stock has had daily average volatility of 79.21%.

The Blue Line Pr Ord stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $0.238 (-3.28%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (BLPG) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Blue Line Pr Ord to open at $0.184, and during the day (based on 14 day Average True Range), to move between $0.225 and $0.268, which gives a possible trading interval of +/-$0.0215 (+/-8.73%) up or down from last closing price. If Blue Line Pr Ord takes out the full calculated possible swing range there will be an estimated 17.45% move between the lowest and the highest trading price during the day.

Is Blue Line Pr Ord stock A Buy?

Blue Line Pr Ord 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Blue Line Pr Ord of Tuesday, May 7, 2024

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