Bubs Australia Limited Stock Forecast
Bubs Australia Limited stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on May 06, 2024)
The Bubs Australia Limited stock price gained 3.45% on the last trading day (Monday, 6th May 2024), rising from $0.145 to $0.150. 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 3.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $521.31 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 $0.143 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 31.11% during the next 3 months and, with a 90% probability hold a price between $0.188 and $0.245 at the end of this 3-month period.
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BUB.AX Signals & Forecast
The Bubs Australia Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.147 and $0.150. A breakdown below any of these levels will issue sell signals. Bubs Australia Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -11.76%. 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).
Support, Risk & Stop-loss for Bubs Australia Limited stock
Bubs Australia Limited finds support from accumulated volume at $0.145 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 and with good trading volume, the risk is considered to be medium. 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 5.62%.
Our recommended stop-loss: $0.143 (-4.57%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BUB.AX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bubs Australia Limited to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.142 and $0.158, which gives a possible trading interval of +/-$0.0085 (+/-5.66%) up or down from last closing price. If Bubs Australia Limited takes out the full calculated possible swing range there will be an estimated 11.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.145 (3.33%) than the resistance at $0.160 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.484 Buy Candidate Upgraded
Predicted Opening Price for Bubs Australia Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.150 ( 0%) | $0.150 |
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 | 0.160 | 6.67 % | |
| R2 | 0.156 | 4.12 % | ||
| R1 | 0.154 | 2.55 % | ||
| Current price: | 0.150 | |||
| Support | S1 | 0.146 | -2.55 % | |
| S2 | 0.144 | -4.12 % | ||
| S3 | 0.140 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.170 | 13.33 % | |
| R2 | 0.165 | 10.00 % | ||
| R1 | 0.160 | 6.67 % | ||
| Current price | 0.150 | |||
| Support | S1 | 0.145 | -3.33% | |
| S2 | 0.135 | -10.00% | ||
| S3 | 0.120 | -20.00% |
FAQ
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