Bold Energy Inc Forecast and Stock Analysis
Technical BOLD stock analysis for Friday May 24, 2019.
|Price to book||USD 4.19|
|Next Earnings Date||2019-08-04|
Bold Energy Inc gained 0.08% in the last trading day ( Friday, 24th May 2019 ), rising from $38.07 to $38.10 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 3.81% from a day low at $37.50 to a day high of $38.93. The price has risen in 7 of the last 10 days , but is still down by -1.24% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.19 million more shares were traded than the day before. In total, 1.45 million shares bought and sold for approximately $55.19 million.
- 30 day high of the BOLD stock price was $41.47 and low was $35.00.
- 90 day high was $41.65 and low was $27.68.
- 52 week high for the Bold Energy Inc - $46.18 and low - $17.95.
Bold Energy Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.2% during the next 3 months and, with 90% probability hold a price between $39.16 and $51.03 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Bold Energy Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $38.70 and $38.85. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $34.79 and $34.16.
There is 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, Bold Energy Inc finds support just below today's level at $34.79. If this is broken, then the next support from accumulated volume will be at $34.16 and $29.26.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.43 (3.81%) between high and low. For the last week, the stock has had a daily average volatility of 4.31%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.31 %Average volatility
Very Low Low Medium High Very High
The Bold Energy Inc stock holds several negative signals and despite the positive trend we believe Bold Energy Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|BOLD $38.10 ($0.03 0.08%)|
BOLD is up $0.03 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for BOLD based on the 1-3 month system that more than doubles the S&P 500.
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