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BSQUARE Corporation Stock Forecast NASDAQ:BSQR

$2.45 (-1.21%)

Volume: 596k

Closed: September 16, 2021

Score: -3.397
Weaker Stock
Today BSQR ranks #10772 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

BSQUARE Corporation Stock Forecast

$2.45 (-1.21%)

Volume: 596k

Closed: September 16, 2021

Score -3.397
Which way will BSQR go? Request
Key Stats
P/E Ratio -55.46
Beta 1.4
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Red day on Thursday for BSQUARE Corporation
(Updated on September 16, 2021)


Sell candidate since 2021-09-10 Loss -6.49%

The BSQUARE Corporation stock price fell by -1.21% on the last day (Thursday, 16th Sep 2021) from $2.48 to $2.45. During the day the stock fluctuated 4.56% from a day low at $2.43 to a day high of $2.54. The price has fallen in 7 of the last 10 days and is down by -5.77% for this period. 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 -61 thousand shares and in total, 596 thousand shares were bought and sold for approximately $1.46 million.

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 -17.27% during the next 3 months and, with a 90% probability hold a price between $0.71 and $5.63 at the end of this 3-month period.

Signals & Forecast

Furthermore, there is a buy signal from the 3 months 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 BSQUARE Corporation 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 $2.55 and $2.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 29, 2021, and so far it has fallen -69.53%. Further fall is indicated until a new bottom pivot has been found. 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

BSQUARE Corporation finds support from accumulated volume at $2.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.11 between high and low, or 4.56%. For the last week the stock has had a daily average volatility of 7.81%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is BSQUARE Corporation stock A Buy?

BSQUARE Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.397

Predicted Opening Price for BSQUARE Corporation of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$2.47 $2.45 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 7.81 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.81 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.62
Price: $2.45
Support: $2.41

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.58 5.46 %
2.54 3.74 %
2.52 2.67 %
Current price: 2.45
Support 2.43 -0.78 %
2.40 -1.85 %
2.36 -3.58 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.89 17.96 %
2.82 15.10 %
2.62 6.94 %
Current price 2.45
Support 2.41 -1.63%
2.40 -2.04%
2.39 -2.45%

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About BSQUARE Corporation

BSQUARE BSQUARE Corporation provides software solutions and related engineering services to companies that develop connected systems in North America, Asia, and Europe. Its proprietary software products include HTML5 rendering engine that is based on the open-source WebKit platform and facilitates device makers to create applications and user interfaces for their devices; TestQuest 10, a software testing automation tool, which offers test solutions for t... Read more

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