Box Inc Stock Forecast
Red day on Friday for Box Inc stock after losing 0.482%
(Updated on Apr 26, 2024)
The Box Inc stock price fell by -0.482% on the last day (Friday, 26th Apr 2024) from $26.98 to $26.85. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.64% from a day low at $26.84 to a day high of $27.28. The price has been going up and down for this period, and there has been a -0.33% loss 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 -56 thousand shares and in total, 1 million shares were bought and sold for approximately $28.07 million.
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 $26.39 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 4.23% during the next 3 months and, with a 90% probability hold a price between $27.51 and $31.94 at the end of this 3-month period.
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BOX Signals & Forecast
There are mixed signals in the stock today. The Box Inc 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 $26.95 and $27.97. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.29%. 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). The stock had a Golden Star Signal on Wednesday, January 17, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, January 17, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Box Inc stock
Box Inc finds support from accumulated volume at $26.66 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 $0.440 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Box Inc to open at $26.99, and during the day (based on 14 day Average True Range), to move between $26.33 and $27.37, which gives a possible trading interval of +/-$0.522 (+/-1.94%) up or down from last closing price. If Box Inc takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.66 (0.71%) than the resistance at $27.88 (3.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Box Inc stock A Buy?
Box Inc 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.
Current score: -1.242 Sell Candidate Unchanged
Predicted Opening Price for Box Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $26.99 ( 0.521%) | $26.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.43 | 2.16 % | |
| R2 | 27.26 | 1.53 % | ||
| R1 | 27.16 | 1.15 % | ||
| Current price: | 26.85 | |||
| Support | S1 | 26.82 | -0.105 % | |
| S2 | 26.72 | -0.491 % | ||
| S3 | 26.55 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.60 | 10.24 % | |
| R2 | 29.40 | 9.50 % | ||
| R1 | 27.88 | 3.84 % | ||
| Current price | 26.85 | |||
| Support | S1 | 26.66 | -0.708% | |
| S2 | 26.54 | -1.15% | ||
| S3 | 26.30 | -2.05% |
BOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2012 | Dec 05, 2012 | Dec 14, 2012 | $0.300 | 0% |
| 2 | Aug 07, 2012 | Sep 05, 2012 | Sep 14, 2012 | $0.290 | 0% |
| 3 | May 09, 2012 | Jun 05, 2012 | Jun 14, 2012 | $0.280 | 0% |
| 4 | Mar 02, 2012 | Mar 09, 2012 | Mar 20, 2012 | $0.260 | 0% |
| 5 | Nov 10, 2011 | Dec 06, 2011 | Dec 15, 2011 | $0.240 | 0% |
FAQ
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