Boxabl Stock: Cost of Home Ownership Drops!
Boxabl stock price today is 2.6200 USD with a volume of 1.42M At the same time, its chart fluctuates between 2.5300 USD – 2.6200 USD. Boxabl stock price was a maximum of 4.6500 USD and a minimum of 0.7902 USD within 52 weeks. Its average volume is 3.78M, and it is ranked 147.08M in the MarketCap listings. The target point of Boxabl stock price at the end of 1 year is not clear yet.
Boxabl stock price gained 0.78% in the last trading day. Its price from $2.53 rose to $2.62. During the day, the stock fluctuated 3.56% from the day’s low of $2.53 to a one-day high of $2.62. The price has fallen in 6 of the last 10 days. However, it has seen a total increase of 2.78% in the last 2 weeks.
Volume fell to 237,000 shares in the last day. In total, 1 million shares were traded for approximately $3.67 million. Volume fell in contrast to price performance. The opposite movement of volume and price is not a good technical analysis result. This may be a possible warning signal or increase the risk.
The stock is in the middle of a very broad and weak uptrend on the short-term moving averages. We are seeing further bullish signals within the trend. Considering the current short-term trend, we expect the stock to rise 9.79% in the next 3 months and hold a price between $2.21 and $3.21 at the end of this quarter.
What is Boxabl?
Boxabl is one of the largest building systems in the world, founded in 2017. They invested more than $2,000,000 in engineering and research at its founding. Boxabl offers its customers an opportunity to build better, faster, lower-cost housing. You can have your houses built at more affordable costs, in less time, and with less effort.
The company’s first product is a prefabricated studio apartment that opens to the size of a shipping container. The company offers a 1-2 hour offer for the installation of any dwelling.
Another aim of theirs is to solve the housing problem in the world. There are great opportunities especially for families with many family members, families left homeless after the disaster, and families with the poor financial situations.
The company, which has a well-equipped and talented team, has spent millions of dollars developing these products (casita). It also recruits new partners to take this idea to the next level.
The product they are developing is called Casita. Casita, the smallest room modules 20×20, is a studio apartment. Backyard homes in California, in particular, are market focuses.
They set a price of $50,000 for Casita, including delivery. They can be installed in less than a day, and the product contains more than enough household items. Many household items such as washing machine, dryer, refrigerator, stove, bathroom, kitchen, electricity, HVAVC are included in the product. You only need to buy furniture.
One of the biggest features of Boxabl Casita is that it is much more durable than other residences. It is also more energy-efficient, higher quality, and more luxurious. Casita’s sales will contribute to the company’s income and will illuminate the future of Boxabl stock.
Roadmap of Boxable
Month 1-2: Identify warehouse space, order primary equipment, keep modular approval
Month 2-4: Move to warehouse start gradual production ~1 residence in keeping with week, maximum additives outsourced.
Month 4-6: Transition to meeting line fashion production, the output will increase to 1/day, carry outsourced factor production in residence.
Month 6-9: Continue to onboard equipment, upload shifts, streamline the process.
Month 9-12: Begin rolling out different ground plans.
Month 12+: Ready with repeatable manufacturing unit plans and suppliers, start in search of franchise/accomplice factories for expansion, a new capital boost for HEAVILY computerized manufacturing unit
Opportunities of Boxable
The company announced that their first factory could produce 300 Casitas per year. This is a very small number compared to the incoming demand. They announced that if their first factory was successful, they would develop Casita and sail to multi-story residences. Users who invest in Boxabl stock can see good returns with growth, including new factories around the world.
Analysis of Boxabl Stock
Boxabl stock has a sell signal in short-term trading. But it also has a buy signal on long-term trades. Short-term trades overtake long-term trades. Therefore, there is a general buy signal for the stock. There is resistance at around $2.60 in short-term trading for Boxabl stock. During the decline, the stock may find some support from long-term trades at around $2.50.
A breakout of the short-term average is a buy signal. However, a breakout of the long-term average signals a sell signal. Volume fell in contrast to prices. The divergence between volume and price is not a good technical analysis result. It can even act as an important warning and increases the risk.
Any negative signals the stock has may have some influence on the near short-term development. We received a sell signal from the pivot peak on June 15, 2021. After that, there has been a decrease of 10.38% so far. Further declines may occur until a new low pivot occurs. Also, there is currently a sell signal at the 3-month Moving Average Convergence Divergence.
How Should We Act?
Support is seen at $2.58 in accumulated volume for Boxabl stock. We expect an upside reaction as support is tested, so this level could be a buying opportunity. This stock experiences average fluctuations throughout the day. It is a medium-risk investment as it has good trading volume.
Over the past day, the stock has fluctuated between the maximum and minimum of about $0.0900 and 3.56%. Last week, that rate was 4.88%. The stop-loss that analysts recommend for this stock is $2.44. This stock has a medium daily average volatility and is a medium-risk investment.
Buy Boxabl stock?
Boxable stock has some negative signals. This is actually a good investment considering the volume and other features. Also, Boxabl is an emerging company, so we can consider this stock positively. But there is still the possibility of a general reversal situation. Therefore, we should watch this stock a little more and wait for more positive signals. So, our rating for this stock is “HOLD”. It will be much better to wait a little longer and investigate.