Boku Inc. Stock Forecast
Red day on Thursday for Boku Inc. stock after losing 0%
(Updated on Apr 25, 2024)
No changes to the price of Boku Inc. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 2.86% from a day low at £175.00 to a day high of £180.00. The price has been going up and down for this period, and there has been a -1.39% loss for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £177.42 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.43% during the next 3 months and, with a 90% probability hold a price between £211.90 and £240.26 at the end of this 3-month period.
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BOKU.L Signals & Forecast
The Boku Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £179.43. On a fall, the stock will find some support from the long-term average at approximately £177.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Wednesday, March 20, 2024, and so far it has fallen -5.84%. 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). The stock had a Golden Star Signal on Thursday, August 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, August 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Boku Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at £162.50 and £161.50. 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, Boku Inc. finds support just below today's level at £162.50. If this is broken, then the next support from accumulated volume will be at £161.50 and £160.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.00 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: £169.78 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (BOKU.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Boku Inc. to open at £177.50, and during the day (based on 14 day Average True Range), to move between £172.33 and £182.67, which gives a possible trading interval of +/-£5.17 (+/-2.91%) up or down from last closing price. If Boku Inc. takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £178.00 (0.28%) than the support at £162.50 (8.45%), 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 Boku 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 Boku Inc. stock to perform well in the short-term.
Current score: 2.403 Buy Candidate Unchanged
Predicted Opening Price for Boku Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
£177.50 ( 0%) | £177.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOKU.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 182.50 | 2.82 % | |
R2 | 180.59 | 1.74 % | ||
R1 | 179.41 | 1.08 % | ||
Current price: | 177.50 | |||
Support | S1 | 175.59 | -1.08 % | |
S2 | 174.41 | -1.74 % | ||
S3 | 172.50 | -2.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 188.50 | 6.20 % | |
R2 | 183.00 | 3.10 % | ||
R1 | 178.00 | 0.282 % | ||
Current price | 177.50 | |||
Support | S1 | 162.50 | -8.45% | |
S2 | 161.50 | -9.01% | ||
S3 | 160.00 | -9.86% |
FAQ
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