AirBoss of America Corporation Stock Forecast
Red day on Thursday for AirBoss of America Corporation
(Updated on Apr 18, 2024)
The AirBoss of America Corporation stock price fell by -0.93% on the last day (Thursday, 18th Apr 2024) from $5.37 to $5.32. During the last trading day the stock fluctuated 3.95% from a day low at $5.32 to a day high of $5.53. The price has been going up and down for this period, and there has been a 0.76% gain 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 -16 thousand shares and in total, 4 thousand shares were bought and sold for approximately $20.40 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.78% during the next 3 months and, with a 90% probability hold a price between $6.25 and $7.82 at the end of this 3-month period.
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BOS.TO Signals & Forecast
There are few to no technical positive signals at the moment. The AirBoss of America Corporation 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 $5.33 and $5.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -13.64%. Further fall is indicated until a new bottom pivot has been found. 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 for AirBoss of America Corporation stock
AirBoss of America Corporation finds support from accumulated volume at $5.23 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 $0.210 between high and low, or 3.95%. For the last week the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOS.TO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect AirBoss of America Corporation to open at $5.39, and during the day (based on 14 day Average True Range), to move between $5.08 and $5.56, which gives a possible trading interval of +/-$0.240 (+/-4.51%) up or down from last closing price. If AirBoss of America Corporation takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.37 (0.94%) than the support at $5.23 (1.69%), 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 AirBoss of America Corporation stock A Buy?
The AirBoss of America Corporation stock holds several negative signals and despite the positive trend, we believe AirBoss of America Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.094 Sell Candidate Unchanged
Predicted Opening Price for AirBoss of America Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.39 ( 1.32%) | $5.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.60 | 5.26 % | |
| R2 | 5.52 | 3.76 % | ||
| R1 | 5.47 | 2.82 % | ||
| Current price: | 5.32 | |||
| Support | S1 | 5.31 | -0.192 % | |
| S2 | 5.26 | -1.12 % | ||
| S3 | 5.18 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.16 | 15.79 % | |
| R2 | 5.85 | 9.96 % | ||
| R1 | 5.37 | 0.94 % | ||
| Current price | 5.32 | |||
| Support | S1 | 5.23 | -1.69% | |
| S2 | 5.08 | -4.51% | ||
| S3 | 5.04 | -5.26% |
BOS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0700 | 1.34% |
| 2 | Nov 08, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0700 | 1.45% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.100 | 2.35% |
| 4 | May 09, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.100 | 1.54% |
| 5 | Mar 09, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.100 | 1.34% |
FAQ
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