Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance.īeam Global holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. Since the stock is closer to the support from accumulated volume at $13.53 (0.07%)
BEEM STOCK OUTLOOK FULL
If Beam Global takes out the full calculated possible swing range there will be an estimated 19.05% move between the lowest and the highest trading price during the day.
Which gives a possible trading interval of +/-$1.29 (+/-9.52%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Tuesday 19thįor the upcoming trading day on Tuesday 19th we expect Beam Global to open at $13.67, 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 5.42%. During the last day, the stock moved $0.46 between high and low, or 3.40%. 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 $13.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 09, 2022, and so far it has fallen -29.70%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $13.70 and $14.94. 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. This is considered to be a good technical signal. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.Volume is rising along with the price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Beam Global is currently a Zacks Rank #3 (Hold). The Zacks Consensus EPS estimate has moved 9.17% lower within the past month. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. Investors should also note any recent changes to analyst estimates for Beam Global. These totals would mark changes of +10.81% and +92.85%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.66 per share and revenue of $17.36 million.
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