Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate. We, therefore, hold a negative evaluation of this stock. (3.29%), our systems don't find the trading risk/reward intra-dayĪttractive and any bets should be held until the stock is closer to the support level.īeam Global holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Since the stock is closer to the resistance from accumulated volume at $12.01 #Beem stock forecast 2021 fullIf Beam Global takes out the full calculated possible swing range there will be an estimated 17.85% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$1.06 (+/-8.92%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Thursday 3rdįor the upcoming trading day on Thursday, 3rd we expect Beam Global to open at $12.04, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 9.59%. During the last day, the stock moved $0.94 between high and low, or 8.05%. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". Support, Risk & Stop-lossīeam Global finds support from accumulated volume at $11.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". In technical terms, this is called divergence and may be an early warning. Beam Global gained volume on the last day, but on falling prices. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Monday, October 31, 2022, and so far it has fallen -5.66%. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $11.82. On further gains, the stock will meet resistance from the long-term moving average at $12.03. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. The Beam Global stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. There are mixed signals in the stock today.
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