If Beam Global takes out the full calculated possible swing range there will be an estimated 15.55% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$1.33 (+/-7.78%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 21stįor the upcoming trading day on Monday, 21st we expect Beam Global to open at $17.38, and during the day (based on 14 day Average True Range), There is a sell signal from a pivot top found 1 days ago.) (This stock has very high daily movements and this gives very high risk. For the last week, the stock has had daily average volatility of 10.47%. During the last day, the stock moved $1.21 between high and low, or 7.14%. This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". Support, Risk & Stop-lossīeam Global finds support from accumulated volume at $16.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Further fall is indicated until a new bottom pivot has been found.
A sell signal was issued from a pivot top point on Thursday, November 17, 2022, and so far it has fallen -2.68%. 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). A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $16.11 and $12.52. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. The Beam Global stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.
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