Weaker Buy Today BSTI ranks #1334 as BUY CANDIDATE #1334 Stronger Buy

BSTI stock forecast BEST Inc. American Depositary Shares each representing one Class A

BSTI stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

BSTI Forecast and Technical Stock Analysis


Buy candidate since 2019-09-16 PDF

BEST Inc. American Depositary Shares each representing one Class A gained 1.85% in the last trading day ( Monday, 16th Sep 2019 ), rising from $5.40 to $5.50 During the day the stock fluctuated 6.83% from a day low at $5.27 to a day high of $5.63. The price has risen in 6 of the last 10 days and is up by 25.57% over the past 2 weeks. Volume fell in the last day by -1.98 million shares and in total, 2.86 million shares bought and sold for approximately $15.75 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the BSTI stock price was $5.64 and low was $4.10.
  • 90 day high was $5.84 and low was $4.10.
  • 52 week high for BEST Inc. American Depositary Shares each representing one Class A - $7.07 and low - $3.77.
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Trend

BEST Inc. American Depositary Shares each representing one Class A lies the upper part of a very wide and falling trend in the short term, and this will 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 $5.51 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 -8.20% during the next 3 months and, with 90% probability hold a price between $3.67 and $5.06 at the end of this period.

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Signals

BEST Inc. American Depositary Shares each representing one Class A holds buy signals from both short- and long-term moving averages. In addition, 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 $5.47 and $4.79. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 sales signal was issued from a pivot top point on Thursday September 12, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 74 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

BEST Inc. American Depositary Shares each representing one Class A finds support from accumulated volume at $5.40.

Support: $5.40 Price: $5.50 Resistance: $5.51

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.36 between high and low, or 6.83%. For the last week, the stock has had a daily average volatility of 7.25%.

Our recommended stop-loss: $5.26 (-4.43%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 day(s) ago.)

7.25 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today BSTI ranks #1334 as BUY CANDIDATE #1334 Stronger Buy
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