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Bonso Electronics International Stock Forecast NASDAQ:BNSO

$4.56 (-1.51%)

Volume: 888

Closed: Nov 29, 2021

Hollow Logo Score: -3.322

Bonso Electronics International Stock Forecast

$4.56 (-1.51%)

Volume: 888

Closed: Nov 29, 2021

Score Hollow Logo -3.322
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Bonso Electronics International stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Bonso Electronics International stock price ended on $4.56 on Monday after losing 1.51%
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-10 Loss -17.09%

The Bonso Electronics International stock price fell by -1.51% on the last day (Monday, 29th Nov 2021) from $4.63 to $4.56. During the day the stock fluctuated 5.68% from a day low at $4.40 to a day high of $4.65. The price has fallen in 6 of the last 10 days and is down by -19.29% for this period. 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 -2 thousand shares and in total, 888 shares were bought and sold for approximately $4.05 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.95% during the next 3 months and, with a 90% probability hold a price between $3.29 and $4.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 3.40%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bonso Electronics International 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 $4.76 and $5.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

Bonso Electronics International finds support from accumulated volume at $4.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.25 between high and low, or 5.68%. For the last week the stock has had a daily average volatility of 12.43%.

Bonso Electronics International is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Bonso Electronics International stock A Buy?

Bonso Electronics International holds several negative signals and is within a very 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.

Current score: -3.322

Predicted Opening Price for Bonso Electronics International of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$4.54 $4.56 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 12.43 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.74
Price: $4.56
Support: $4.49

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.79 4.97 %
4.69 2.87 %
4.63 1.58 %
Current price: 4.56
Support 4.44 -2.61 %
4.38 -3.90 %
4.29 -5.99 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.50 20.61 %
5.39 18.20 %
4.74 3.95 %
Current price 4.56
Support 4.49 -1.54%
4.41 -3.29%
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About Bonso Electronics International

Bonso Electronics International Inc. designs, manufactures, and sells various electronic scales and weighing instruments, pet electronics products, and other products in Hong Kong and the People’s Republic of China. The company’s sensor-based scale products include bathroom, kitchen, office, jewelry, laboratory, postal, and industrial scales that are used in consumer, commercial, and industrial applications. It also offers electrical pet care p... Read more

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