Base Resources Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Base Resources Limited
(Updated on May 17, 2024)
No changes to the price of Base Resources Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.98% from a day low at $0.252 to a day high of $0.257. The price has been going up and down for this period, and there has been a 2% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.258 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 172.71% during the next 3 months and, with a 90% probability hold a price between $0.425 and $0.703 at the end of this 3-month period.
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BSE.AX Signals & Forecast
The Base Resources Limited 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 $0.254 and $0.186. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Base Resources Limited stock
Base Resources Limited finds support from accumulated volume at $0.250 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0050 between high and low, or 1.98%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: $0.246 (-3.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BSE.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Base Resources Limited to open at $0.255, and during the day (based on 14 day Average True Range), to move between $0.245 and $0.265, which gives a possible trading interval of +/-$0.0105 (+/-4.11%) up or down from last closing price. If Base Resources Limited takes out the full calculated possible swing range there will be an estimated 8.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.250, some $0.0050 (1.96%) from the current price of $0.255, our system finds the risk reward attractive.
Is Base Resources Limited 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 Base Resources Limited stock to perform well in the short-term.
Current score: 2.331 Buy Candidate Unchanged
Predicted Opening Price for Base Resources Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.255 ( 0.131%) | $0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSE.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.260 | 1.83 % | |
| R2 | 0.258 | 1.08 % | ||
| R1 | 0.257 | 0.618 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.253 | -0.88 % | |
| S2 | 0.252 | -1.34 % | ||
| S3 | 0.250 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.255 | |||
| Support | S1 | 0.250 | -1.96% | |
| S2 | 0.235 | -7.84% | ||
| S3 | 0.225 | -11.76% |
BSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | $0.0200 | 8.89% |
| 2 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | $0.0300 | 10.53% |
| 3 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | $0.0300 | 9.68% |
| 4 | Sep 10, 2021 | Sep 10, 2021 | Sep 10, 2021 | $0.0400 | 14.55% |
| 5 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | $0.0300 | 9.84% |
FAQ
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