Banro Corporation Fund Forecast

Banro Corporation fund price down 0% on Friday
(Updated on Feb 02, 2018)

BAA Signals & Forecast

The Banro Corporation fund 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 $0.110 and $0.106. 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 Thursday, February 01, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Banro Corporation fund

Banro Corporation finds support from accumulated volume at $0.108 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BAA) For The Upcoming Trading Day Of Monday 5th

For the upcoming trading day on Monday, 5th we expect Banro Corporation to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.106 and $0.114, which gives a possible trading interval of +/-$0.0043 (+/-3.88%) up or down from last closing price. If Banro Corporation takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.108 (1.55%) than the resistance at $0.120 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Banro Corporation fund A Buy?

Banro Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -1.120 Sell Candidate Unchanged

Predicted Opening Price for Banro Corporation of Monday, February 5, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.