Blue Line Pr Ord Stock Forecast
Blue Line Pr Ord stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
No changes to the price of Blue Line Pr Ord stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0421 to a day high of $0.0421. The price has been going up and down for this period, and there has been a -42.99% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.70% during the next 3 months and, with a 90% probability hold a price between $0.0174 and $0.0544 at the end of this 3-month period.
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BLPG Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blue Line Pr Ord stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0432 and $0.0539. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Blue Line Pr Ord stock
Blue Line Pr Ord finds support from accumulated volume at $0.0401 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 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLPG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Blue Line Pr Ord to open at $0.0421, and during the day (based on 14 day Average True Range), to move between $0.0312 and $0.0529, which gives a possible trading interval of +/-$0.0109 (+/-25.80%) up or down from last closing price. If Blue Line Pr Ord takes out the full calculated possible swing range there will be an estimated 51.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0401 (4.71%) than the resistance at $0.0505 (20.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blue Line Pr Ord stock A Buy?
Blue Line Pr Ord holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.842 Sell Candidate Upgraded
Predicted Opening Price for Blue Line Pr Ord of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0421 ( 0%) | $0.0421 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLPG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0421 | . | |
R2 | 0.0421 | . | ||
R1 | 0.0421 | . | ||
Current price: | 0.0421 | |||
Support | S1 | 0.0421 | . | |
S2 | 0.0421 | . | ||
S3 | 0.0421 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0513 | 21.94 % | |
R2 | 0.0510 | 21.23 % | ||
R1 | 0.0505 | 20.10 % | ||
Current price | 0.0421 | |||
Support | S1 | 0.0401 | -4.71% | |
S2 | 0.0350 | -16.81% | ||
S3 | 0 | . |
FAQ
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