RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BIDS.L
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Bidstack Group Plc stock price ended at £0.225 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)

Hold candidate since Mar 12, 2024 PDF

No changes to the price of Bidstack Group 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 £0.225 to a day high of £0.225. The price has been going up and down for this period, and there has been a 0% change for the last 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 £0.276 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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BIDS.L Signals & Forecast

The Bidstack Group Plc 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 £0.225 and £0.220. A breakdown below any of these levels will issue sell signals. 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, March 07, 2024, and so far it has fallen -1.32%. 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 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, February 27, 2024 and based on theory for this formation the price should go up by 6.67% to £0.240 within 5 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Bidstack Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.210 and £0.200. 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, Bidstack Group Plc finds support just below today's level at £0.210. If this is broken, then the next support from accumulated volume will be at £0.200 and £0.195.

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 0%

Our recommended stop-loss: £0.216 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Bidstack Group Plc to open at £0.225, and during the day (based on 14 day Average True Range), to move between £0.202 and £0.248, which gives a possible trading interval of +/-£0.0228 (+/-10.14%) up or down from last closing price. If Bidstack Group Plc takes out the full calculated possible swing range there will be an estimated 20.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.228 (1.33%) than the support at £0.210 (6.67%), 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 Bidstack Group Plc stock A Buy?

Bidstack Group 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bidstack Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£0.225 ( 0%) £0.225

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

Trading levels for BIDS.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.225 .
R2 0.225 .
R1 0.225 .
Current price: 0.225
Support S1 0.225 .
S2 0.225 .
S3 0.225 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.228 1.33 %
Current price 0.225
Support S1 0.210 -6.67%
S2 0.200 -11.11%
S3 0.195 -13.33%

FAQ

What is the symbol for Bidstack Group Plc Stock and on which exchange is it traded?
The symbol for Bidstack Group Plc is BIDS.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Bidstack Group Plc Stock?
Bidstack Group 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.

How to buy Bidstack Group Plc Stock?
Bidstack Group 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 Bidstack Group Plc Stock.

What's the current price of Bidstack Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Bidstack Group Plc (BIDS.L) share was £0.225.

What is the 52-week high and low for Bidstack Group Plc Stock?
The 52-week high for Bidstack Group Plc Stock is £2.20 and the 52-week low is £0.150.

What is the market capitalization of Bidstack Group Plc Stock?
As of the 2024-03-27, the market capitalization of Bidstack Group Plc is 2.927M.

When is the next earnings date for Bidstack Group Plc?
The upcoming earnings date for Bidstack Group Plc is Jun 18, 2024.
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About Bidstack Group Plc

Bidstack Group Plc Bidstack Group Plc, together with its subsidiaries, operates as an advertising technology company in the United Kingdom. It provides dynamic, targeted, and automated native in-game advertising for the global video games industry across multiple platforms, including mobile, PC, and console. The company also offers content security and assurance services to cross platform advertisers. It serves game and mobile game developers, advertising agencies,... BIDS.L Profile

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