Beamr Imaging Ltd. Stock Forecast
Weaker technical forecast for Beamr Imaging Ltd. as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
The Beamr Imaging Ltd. stock price fell by -3.97% on the last day (Friday, 10th May 2024) from $6.04 to $5.80. During the last trading day the stock fluctuated 4.44% from a day low at $5.80 to a day high of $6.06. The price has been going up and down for this period, and there has been a -3.97% loss for the last 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 -104 thousand shares and in total, 146 thousand shares were bought and sold for approximately $846.99 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.85% during the next 3 months and, with a 90% probability hold a price between $2.69 and $7.55 at the end of this 3-month period.
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BMR Signals & Forecast
There are mixed signals in the stock today. The Beamr Imaging Ltd. 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 $5.86 and $6.06. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 13.28%. 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).
Support, Risk & Stop-loss for Beamr Imaging Ltd. stock
Beamr Imaging Ltd. finds support from accumulated volume at $5.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.258 between high and low, or 4.44%. For the last week the stock has had daily average volatility of 6.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMR) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Beamr Imaging Ltd. to open at $5.89, and during the day (based on 14 day Average True Range), to move between $5.20 and $6.40, which gives a possible trading interval of +/-$0.603 (+/-10.40%) up or down from last closing price. If Beamr Imaging Ltd. takes out the full calculated possible swing range there will be an estimated 20.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.76 (0.69%) than the resistance at $6.04 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beamr Imaging Ltd. stock A Buy?
Beamr Imaging Ltd. 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: -1.701 Sell Candidate Downgraded
Predicted Opening Price for Beamr Imaging Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $5.89 ( 1.48%) | $5.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.14 | 5.92 % | |
| R2 | 6.05 | 4.23 % | ||
| R1 | 5.98 | 3.18 % | ||
| Current price: | 5.80 | |||
| Support | S1 | 5.79 | -0.216 % | |
| S2 | 5.73 | -1.26 % | ||
| S3 | 5.63 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.13 | 22.93 % | |
| R2 | 6.90 | 18.97 % | ||
| R1 | 6.04 | 4.14 % | ||
| Current price | 5.80 | |||
| Support | S1 | 5.76 | -0.690% | |
| S2 | 5.57 | -3.97% | ||
| S3 | 5.49 | -5.34% |
BMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2015 | Sep 28, 2015 | Oct 15, 2015 | $0.260 | 1.11% |
| 2 | Jun 15, 2015 | Jun 26, 2015 | Jul 15, 2015 | $0.260 | 1.28% |
| 3 | Mar 16, 2015 | Mar 27, 2015 | Apr 15, 2015 | $0.260 | 1.24% |
| 4 | Dec 11, 2014 | Dec 29, 2014 | Jan 15, 2015 | $0.260 | 1.08% |
| 5 | Dec 11, 2014 | Dec 18, 2014 | Dec 29, 2014 | $0.300 | 1.38% |
FAQ
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