Boadicea Resources Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Boadicea Resources Ltd stock price fell more than -8.00% Wednesday closing at $0.0230
(Updated on Jun 26, 2024)
The Boadicea Resources Ltd stock price fell by -8.00% on the last day (Wednesday, 26th Jun 2024) from $0.0250 to $0.0230. During the last trading day the stock fluctuated 4.35% from a day low at $0.0230 to a day high of $0.0240. The price has been going up and down for this period, and there has been a 4.55% gain for the last 2 weeks. Volume has increased on the last day by 242 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 242 thousand shares were bought and sold for approximately $5.56 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 -18.88% during the next 3 months and, with a 90% probability hold a price between $0.0159 and $0.0229 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.
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BOA.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 15.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boadicea Resources Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0234. On a fall, the stock will find some support from the short-term average at $0.0229. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Boadicea Resources Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Boadicea Resources Ltd stock
Boadicea Resources Ltd finds support from accumulated volume at $0.0220 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0010 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 6.68%.
Our recommended stop-loss: $0.0223 (-2.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (BOA.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Boadicea Resources Ltd to open at $0.0233, and during the day (based on 14 day Average True Range), to move between $0.0219 and $0.0241, which gives a possible trading interval of +/-$0.0011 (+/-4.90%) up or down from last closing price. If Boadicea Resources Ltd takes out the full calculated possible swing range there will be an estimated 9.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0240 (4.35%) than the support at $0.0220 (4.35%), 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 Boadicea Resources Ltd stock A Buy?
Boadicea Resources Ltd 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 Boadicea Resources Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0233 ( 1.45%) | $0.0230 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0243 | 5.80% |
| R2 | 0.0240 | 4.14% |
| R1 | 0.0237 | 3.11% |
| Price | 0.0230 | |
| S1 | 0.0230 | -0.212% |
| S2 | 0.0227 | -1.24% |
| S3 | 0.0223 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0280 | 21.74% |
| R2 | 0.0250 | 8.70% |
| R1 | 0.0240 | 4.35% |
| Price | 0.0230 | |
| S1 | 0.0220 | -4.35% |
| S2 | 0.0210 | -8.70% |
| S3 | 0.0200 | -13.04% |
BOA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 13, 2020 | Oct 13, 2020 | Oct 13, 2020 | $0.0764 | 20.51% |
FAQ
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