Red day on Thursday for BSQUARE Corporation
(Updated on September 16, 2021)
Sell candidate since 2021-09-10 Loss -6.49% PDF
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|
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