B.O.S. Better Online Solutions Stock Forecast
Red day on Wednesday for B.O.S. Better Online Solutions stock after losing 1.05%
(Updated on May 01, 2024)
The B.O.S. Better Online Solutions stock price fell by -1.05% on the last day (Wednesday, 1st May 2024) from $2.85 to $2.82. During the last trading day the stock fluctuated 2.51% from a day low at $2.79 to a day high of $2.86. The price has risen in 6 of the last 10 days. Volume has increased on the last day by 969 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, 2 thousand shares were bought and sold for approximately $5.55 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.78 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 2.45% during the next 3 months and, with a 90% probability hold a price between $2.85 and $3.15 at the end of this 3-month period.
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BOSC Signals & Forecast
The B.O.S. Better Online Solutions stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.81 and $2.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.81%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). B.O.S. Better Online Solutions 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 B.O.S. Better Online Solutions stock
B.O.S. Better Online Solutions finds support from accumulated volume at $2.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $2.69 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BOSC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect B.O.S. Better Online Solutions to open at $2.82, and during the day (based on 14 day Average True Range), to move between $2.74 and $2.90, which gives a possible trading interval of +/-$0.0819 (+/-2.90%) 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 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.83 (0.35%) than the support at $2.81 (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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for B.O.S. Better Online Solutions stock to perform well in the short-term.
Current score: 3.901 Buy Candidate Unchanged
Predicted Opening Price for B.O.S. Better Online Solutions of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.82 ( 0.118%) | $2.82 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2.89 | 2.60 % | |
| R2 | 2.87 | 1.65 % | ||
| R1 | 2.85 | 1.07 % | ||
| Current price: | 2.82 | |||
| Support | S1 | 2.80 | -0.83 % | |
| S2 | 2.78 | -1.42 % | ||
| S3 | 2.75 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 8.16 % | |
| R2 | 2.85 | 1.06 % | ||
| R1 | 2.83 | 0.355 % | ||
| Current price | 2.82 | |||
| Support | S1 | 2.81 | -0.358% | |
| S2 | 2.80 | -0.709% | ||
| S3 | 2.74 | -2.84% |
FAQ
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