RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BGO.L
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Evaluation of Bango plc stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 PDF

No changes to the price of Bango plc stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £103.50 to a day high of £103.50. The price has fallen in 5 of the last 10 days but is still up by 4.02% over the past 2 weeks.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £114.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -45.10% during the next 3 months and, with a 90% probability hold a price between £19.04 and £62.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BGO.L Signals & Forecast

The Bango plc 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 £102.36 and £103.15. 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 Tuesday, March 26, 2024, 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 Bango plc stock

Bango plc finds support from accumulated volume at £103.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.07%

Our recommended stop-loss: £99.63 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BGO.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bango plc to open at £103.50, and during the day (based on 14 day Average True Range), to move between £99.19 and £107.81, which gives a possible trading interval of +/-£4.31 (+/-4.17%) up or down from last closing price. If Bango plc takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £103.00 (0.48%) than the resistance at £108.00 (4.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bango plc stock A Buy?

Bango plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.911 Hold/Accumulate Downgraded

Predicted Opening Price for Bango plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£103.50 ( 0%) £103.50

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

Trading levels for BGO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 103.50 .
R2 103.50 .
R1 103.50 .
Current price: 103.50
Support S1 103.50 .
S2 103.50 .
S3 103.50 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 114.00 10.14 %
R2 109.00 5.31 %
R1 108.00 4.35 %
Current price 103.50
Support S1 103.00 -0.483%
S2 102.50 -0.97%
S3 99.00 -4.35%

FAQ

What is the symbol for Bango plc Stock and on which exchange is it traded?
The symbol for Bango plc is BGO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Bango plc Stock?
Bango plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Bango plc Stock?
Bango plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bango plc Stock.

What's the current price of Bango plc Stock?
As of the end of day on the 2024-03-27, the price of an Bango plc (BGO.L) share was £103.50.

What is the 52-week high and low for Bango plc Stock?
The 52-week high for Bango plc Stock is £231.30 and the 52-week low is £95.00.

What is the market capitalization of Bango plc Stock?
As of the 2024-03-27, the market capitalization of Bango plc is 80.956M.

When is the next earnings date for Bango plc?
The upcoming earnings date for Bango plc is Sep 16, 2024.
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About Bango plc

Bango plc Bango plc, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Marketplace that enables app marketers in finding Bango Audiences to directly reach new paying users; Bango Payments, which connects online app stores and merchants to approximately 3 billion users; Bango Resale, a solution to deliver the results from resell... BGO.L Profile

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