Bubs Australia Limited Stock Forecast
Red day on Wednesday for Bubs Australia Limited
(Updated on Apr 24, 2024)
The Bubs Australia Limited stock price fell by -3.33% on the last day (Wednesday, 24th Apr 2024) from $0.150 to $0.145. During the last trading day the stock fluctuated 6.90% from a day low at $0.145 to a day high of $0.155. The price has been going up and down for this period, and there has been a 0% change for the last 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 -2 million shares and in total, 552 thousand shares were bought and sold for approximately $80.07 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.141 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.01% during the next 3 months and, with a 90% probability hold a price between $0.196 and $0.255 at the end of this 3-month period.
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BUB.AX Signals & Forecast
The Bubs Australia Limited 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 $0.146. On a fall, the stock will find some support from the long-term average at approximately $0.144. 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. 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 Tuesday, April 02, 2024, and so far it has fallen -14.71%. 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 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 for Bubs Australia Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.135 and $0.120. There is a 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, Bubs Australia Limited finds support just below today's level at $0.135. If this is broken, then the next support from accumulated volume will be at $0.120 and $0.115.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 6.90%. For the last week the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: $0.137 (-5.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (BUB.AX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bubs Australia Limited to open at $0.148, and during the day (based on 14 day Average True Range), to move between $0.136 and $0.154, which gives a possible trading interval of +/-$0.0091 (+/-6.27%) up or down from last closing price. If Bubs Australia Limited takes out the full calculated possible swing range there will be an estimated 12.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.150 (3.45%) than the support at $0.135 (6.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bubs Australia 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 Bubs Australia Limited stock to perform well in the short-term.
Current score: 2.267 Buy Candidate Unchanged
Predicted Opening Price for Bubs Australia Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.148 ( 2.30%) | $0.145 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUB.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.158 | 9.20 % | |
| R2 | 0.155 | 6.56 % | ||
| R1 | 0.152 | 4.93 % | ||
| Current price: | 0.145 | |||
| Support | S1 | 0.145 | -0.336 % | |
| S2 | 0.142 | -1.96 % | ||
| S3 | 0.138 | -4.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.170 | 17.24 % | |
| R2 | 0.160 | 10.34 % | ||
| R1 | 0.150 | 3.45 % | ||
| Current price | 0.145 | |||
| Support | S1 | 0.135 | -6.90% | |
| S2 | 0.120 | -17.24% | ||
| S3 | 0.115 | -20.69% |
FAQ
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