Blue Star Capital Stock Forecast
Blue Star Capital stock price down 4.55% on Tuesday
(Updated on Sep 01, 2020)
The Blue Star Capital stock price fell by -4.55% on the last day (Tuesday, 1st Sep 2020) from £0.0022 to £0.0021. During the last trading day the stock fluctuated 0% from a day low at £0.0021 to a day high of £0.0021. The price has risen in 5 of the last 10 days and is up by 90.91% over the past 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 -8 million shares and in total, 6 million shares were bought and sold for approximately £13.51 thousand.
Given the current short-term trend, the stock is expected to rise 26.09% during the next 3 months and, with a 90% probability hold a price between £0.0026 and £0.0029 at the end of this 3-month period.
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BLU.L Signals & Forecast
The Blue Star Capital 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 £0.0017 and £0.0012. 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). 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. 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 for Blue Star Capital stock
Blue Star Capital finds support from accumulated volume at £0.0020 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (BLU.L) For The Upcoming Trading Day Of Wednesday 2nd
Since the stock is closer to the support from accumulated volume at £0.0020 (4.76%) than the resistance at £0.0022 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blue Star Capital stock A Buy?
Blue Star Capital 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Star Capital of Wednesday, September 2, 2020
Fair opening price September 2, 2020 | Current price |
---|---|
£0.0021 ( 0%) | £0.0021 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLU.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0021 | . | |
R2 | 0.0021 | . | ||
R1 | 0.0021 | . | ||
Current price: | 0.0021 | |||
Support | S1 | 0.0021 | . | |
S2 | 0.0021 | . | ||
S3 | 0.0021 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.0022 | 4.76 % | ||
Current price | 0.0021 | |||
Support | S1 | 0.0020 | -4.76% | |
S2 | 0.0018 | -14.29% | ||
S3 | 0.0017 | -19.05% |
FAQ
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