B.O.S. Better Online Solutions Stock Forecast
Stronger technical forecast for B.O.S. Better Online Solutions stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The B.O.S. Better Online Solutions stock price gained 0.357% on the last trading day (Tuesday, 2nd Jul 2024), rising from $2.80 to $2.81. During the last trading day the stock fluctuated 3.24% from a day low at $2.76 to a day high of $2.85. The price has been going up and down for this period, and there has been a 1.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $38.99 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.78 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect B.O.S. Better Online Solutions stock with a 90% probability to be traded between $2.81 and $3.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOSC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. B.O.S. Better Online Solutions has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The B.O.S. Better Online Solutions 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 $2.83. On a fall, the stock will find some support from the short-term average at $2.81. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for B.O.S. Better Online Solutions stock
B.O.S. Better Online Solutions finds support from accumulated volume at $2.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0895 (3.24%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $2.64 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BOSC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect B.O.S. Better Online Solutions to open at $2.81, and during the day (based on 14 day Average True Range), to move between $2.72 and $2.90, which gives a possible trading interval of +/-$0.0935 (+/-3.33%) up or down from last closing price. If B.O.S. Better Online Solutions takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.82 (0.36%) than the support at $2.80 (0.36%), 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 B.O.S. Better Online Solutions stock A Buy?
B.O.S. Better Online Solutions 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.915 Hold/Accumulate Upgraded
Predicted Opening Price for B.O.S. Better Online Solutions of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $2.81 ( 0.125%) | $2.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.90 | 3.06% |
| R2 | 2.86 | 1.84% |
| R1 | 2.84 | 1.09% |
| Price | 2.81 | |
| S1 | 2.77 | -1.34% |
| S2 | 2.75 | -2.09% |
| S3 | 2.72 | -3.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.91 | 3.56% |
| R2 | 2.85 | 1.42% |
| R1 | 2.82 | 0.356% |
| Price | 2.81 | |
| S1 | 2.80 | -0.356% |
| S2 | 2.78 | -1.07% |
| S3 | 2.77 | -1.42% |
FAQ
Click here for our free guide on how to buy B.O.S. Better Online Solutions Stock.
