Baozun Inc. Stock Forecast
Baozun Inc. stock price up 3.85% on Wednesday
(Updated on May 01, 2024)
The Baozun Inc. stock price gained 3.85% on the last trading day (Wednesday, 1st May 2024), rising from $2.60 to $2.70. During the last trading day the stock fluctuated 6.54% from a day low at $2.60 to a day high of $2.77. The price has risen in 6 of the last 10 days and is up by 14.89% over the past 2 weeks. Volume fell on the last day by -178 thousand shares and in total, 146 thousand shares were bought and sold for approximately $393.01 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 5.50% during the next 3 months and, with a 90% probability hold a price between $2.44 and $3.15 at the end of this 3-month period.
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BZUN Signals & Forecast
The Baozun Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.65 and $2.49. A breakdown below any of these levels will issue sell signals. 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 Friday, April 26, 2024, and so far it has fallen -1.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Baozun Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.55 and $2.40. 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, Baozun Inc. finds support just below today's level at $2.55. If this is broken, then the next support from accumulated volume will be at $2.40 and $2.36.
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 $0.170 between high and low, or 6.54%. For the last week the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: $2.59 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BZUN) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Baozun Inc. to open at $2.69, and during the day (based on 14 day Average True Range), to move between $2.55 and $2.85, which gives a possible trading interval of +/-$0.149 (+/-5.53%) up or down from last closing price. If Baozun Inc. takes out the full calculated possible swing range there will be an estimated 11.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.78 (2.96%) than the support at $2.55 (5.56%), 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 Baozun Inc. 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 Baozun Inc. stock to perform well in the short-term.
Current score: 2.480 Buy Candidate Unchanged
Predicted Opening Price for Baozun Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.69 ( 0.370%) | $2.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BZUN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.86 | 5.93 % | |
| R2 | 2.80 | 3.52 % | ||
| R1 | 2.75 | 2.03 % | ||
| Current price: | 2.70 | |||
| Support | S1 | 2.63 | -2.78 % | |
| S2 | 2.58 | -4.26 % | ||
| S3 | 2.52 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.90 | 7.41 % | |
| R2 | 2.84 | 5.19 % | ||
| R1 | 2.78 | 2.96 % | ||
| Current price | 2.70 | |||
| Support | S1 | 2.55 | -5.56% | |
| S2 | 2.40 | -11.11% | ||
| S3 | 2.36 | -12.59% |
FAQ
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