Box Inc Stock Forecast

Box Inc stock price ended at $26.14 on Friday, after losing 0.267%.
(Updated on May 03, 2024)

BOX Signals & Forecast

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 $26.47 and $27.48. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.461%. 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.

Support, Risk & Stop-loss for Box Inc stock

Box Inc finds support from accumulated volume at $26.03 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 $0.570 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.

Our recommended stop-loss: $24.86 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (BOX) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Box Inc to open at $26.21, and during the day (based on 14 day Average True Range), to move between $25.59 and $26.69, which gives a possible trading interval of +/-$0.554 (+/-2.12%) up or down from last closing price. If Box Inc takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.03 (0.42%) than the resistance at $27.88 (6.66%), 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?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.950 Buy Candidate Unchanged

Predicted Opening Price for Box Inc of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.