RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BOD.L
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High volatility in Botswana Diamonds plc stock price on Wednesday which ended trading at £0.334
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 2.77% PDF

The Botswana Diamonds plc stock price gained 2.77% on the last trading day (Wednesday, 27th Mar 2024), rising from £0.325 to £0.334. During the last trading day the stock fluctuated 13.34% from a day low at £0.296 to a day high of £0.336. The price has been going up and down for this period, and there has been a -10.93% loss for the last 2 weeks. Volume fell on the last day by -914 thousand shares and in total, 2 million shares were bought and sold for approximately £699.44 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.323 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.93% during the next 3 months and, with a 90% probability hold a price between £0.246 and £0.299 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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BOD.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.77%. 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 Botswana Diamonds plc 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 £0.355 and £0.383. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Botswana Diamonds plc stock

Botswana Diamonds plc finds support from accumulated volume at £0.325 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 £0.0395 between high and low, or 13.34%. For the last week the stock has had daily average volatility of 9.88%.

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

Trading Expectations (BOD.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Botswana Diamonds plc to open at £0.322, and during the day (based on 14 day Average True Range), to move between £0.302 and £0.366, which gives a possible trading interval of +/-£0.0323 (+/-9.68%) up or down from last closing price. If Botswana Diamonds plc takes out the full calculated possible swing range there will be an estimated 19.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.325 (2.69%) than the resistance at £0.375 (12.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Botswana Diamonds plc stock A Buy?

Botswana Diamonds plc holds several negative signals and is within a 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: -2.289 Sell Candidate Unchanged

Predicted Opening Price for Botswana Diamonds plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£0.322 ( 3.64%) £0.334

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

Trading levels for BOD.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.361 8.18 %
R2 0.346 3.67 %
R1 0.337 0.87 %
Current price: 0.334
Support S1 0.307 -8.16 %
S2 0.297 -10.95 %
S3 0.282 -15.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.410 22.75 %
R2 0.400 19.76 %
R1 0.375 12.28 %
Current price 0.334
Support S1 0.325 -2.69%
S2 0 .
S3 0 .

FAQ

What is the symbol for Botswana Diamonds plc Stock and on which exchange is it traded?
The symbol for Botswana Diamonds plc is BOD.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Botswana Diamonds plc Stock?
Botswana Diamonds plc holds several negative signals and is within a 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.

How to buy Botswana Diamonds plc Stock?
Botswana Diamonds plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Botswana Diamonds plc Stock.

What's the current price of Botswana Diamonds plc Stock?
As of the end of day on the 2024-03-27, the price of an Botswana Diamonds plc (BOD.L) share was £0.334.

What is the 52-week high and low for Botswana Diamonds plc Stock?
The 52-week high for Botswana Diamonds plc Stock is £1.20 and the 52-week low is £0.296.

What is the market capitalization of Botswana Diamonds plc Stock?
As of the 2024-03-27, the market capitalization of Botswana Diamonds plc is 4.316M.

When is the next earnings date for Botswana Diamonds plc?
The upcoming earnings date for Botswana Diamonds plc is Dec 18, 2024.
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About Botswana Diamonds plc

Botswana Diamonds plc Botswana Diamonds plc explores for and develops diamond properties in Botswana, South Africa, and Zimbabwe. The company's flagship property is the Thorny River/Marsfontein property located in South Africa. It also explores in the Kalahari region of Botswana. Botswana Diamonds plc is based in Dublin, Ireland.... BOD.L Profile

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