The Hourly View for BOX
At the moment, BOX (Get Ratings)’s price is up $0.06 (0.23%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Business Services stocks, BOX ranks 255th in regards to today’s price percentage change.
BOX’s Technical Outlook on the Daily Chart
At the time of this writing, BOX’s price is down $-0.07 (-0.27%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Box Inc’s price action over the past 90 days can be seen via the chart below.
BOX: Daily RSI Analysis
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