Trading Expectations For The Upcoming Trading Day Of Monday 25thįor the upcoming trading day on Monday 25th we expect Beam Global to open at $13.16, and during day (based on 14 day Average True Range), We hold a negative evaluation for this stock.
For the last week, the stock has had a daily average volatility of 5.10%. During the last day, the stock moved $1.00 between high and low, or 7.87%. 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 $12.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. Further fall is indicated until a new bottom pivot has been found.
A sell signal was issued from a pivot top point on Thursday, June 23, 2022, and so far it has fallen -26.37%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $13.50 and $14.87.
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. The Beam Global stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
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