Red day on Tuesday for BSQUARE Corporation
(Updated on Aug 16, 2022)
Buy or Hold candidate since 2022-08-02 Gain 8.53% PDF
The BSQUARE Corporation stock price fell by -2.10% on the last day (Tuesday, 16th Aug 2022) from $1.43 to $1.40. and has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.62% from a day low at $1.36 to a day high of $1.45. The price has risen in 5 of the last 10 days and is up by 8.53% over the past 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 -3 thousand shares and in total, 56 thousand shares were bought and sold for approximately $78.74 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.15% during the next 3 months and, with a 90% probability hold a price between $1.26 and $1.49 at the end of this 3-month period.
Signals & Forecast
The BSQUARE Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.42. On a fall, the stock will find some support from the long-term average at approximately $1.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, August 08, 2022, and so far it has fallen -3.72%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $1.32 and $1.31. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BSQUARE Corporation finds support just below today's level at $1.32. If this is broken, then the next support from accumulated volume will be at $1.31 and $1.28.
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 $0.0900 between high and low, or 6.62%. For the last week the stock has had a daily average volatility of 6.53%.
Our recommended stop-loss: $1.33 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday 17th we expect BSQUARE Corporation to open at $1.40, and during day (based on 14 day Average True Range), to move between $1.32 and $1.48, which gives a possible trading interval of +/-$0.0753 (+/-5.38%) up or down from last closing price. If BSQUARE Corporation takes out the full calculated possible swing range there will be an estimated 10.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.41 (0.71%) than the support at $1.32 (5.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.
Is BSQUARE Corporation stock A Buy?
BSQUARE Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.365Hold/Accumulate Unchanged
Predicted Opening Price for BSQUARE Corporation of Wednesday, August 17, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price August 17, 2022||Current price|
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About BSQUARE Corporation
BSQUARE Corporation develops and deploys technologies for the makers and operators of connected devices in North America, Europe, and Asia. The company operates through two segments, Partner Solutions and Edge to Cloud. It offers software that connect devices to create intelligent systems; and embedded operating system software and services for makers of connected and intelligent devices, such as point-of-sale terminals, kiosks, tablets and handh... Read more
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