Boson Protocol USD Stock Forecast
Boson Protocol USD stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Boson Protocol USD stock price fell by -4.63% on the last day (Friday, 28th Jun 2024) from $0.387 to $0.369. During the last trading day the stock fluctuated 3.42% from a day low at $0.368 to a day high of $0.380. The price has been going up and down for this period, and there has been a 4.24% 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 -102 thousand shares and in total, 650 thousand shares were bought and sold for approximately $239.89 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 -39.36% during the next 3 months and, with a 90% probability hold a price between $0.157 and $0.307 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOSONUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 13.56%. 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 Boson Protocol USD 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 $0.429. On a fall, the stock will find some support from the short-term average at $0.359. 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. 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.
Support, Risk & Stop-loss for Boson Protocol USD stock
Boson Protocol USD finds support from accumulated volume at $0.354 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0126 between high and low, or 3.42%. For the last week the stock has had daily average volatility of 7.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOSONUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Boson Protocol USD to open at $0.372, and during the day (based on 14 day Average True Range), to move between $0.334 and $0.403, which gives a possible trading interval of +/-$0.0345 (+/-9.35%) up or down from last closing price. If Boson Protocol USD takes out the full calculated possible swing range there will be an estimated 18.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.354 (4.06%) than the resistance at $0.421 (14.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boson Protocol USD stock A Buy?
Boson Protocol USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.108 Sell Candidate Downgraded
Predicted Opening Price for Boson Protocol USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.372 ( 0.93%) | $0.369 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.385 | 4.33% |
| R2 | 0.380 | 3.03% |
| R1 | 0.377 | 2.23% |
| Price | 0.369 | |
| S1 | 0.368 | -0.372% |
| S2 | 0.365 | -1.18% |
| S3 | 0.360 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.456 | 23.49% |
| R2 | 0.450 | 22.10% |
| R1 | 0.421 | 14.15% |
| Price | 0.369 | |
| S1 | 0.354 | -4.06% |
| S2 | 0.347 | -5.90% |
| S3 | 0.325 | -11.94% |
FAQ
Click here for our free guide on how to buy Boson Protocol USD Stock.
