Will bset go up in the next 24 hours

Bassett Furniture Industries' stock is not expected to increase significantly in the next 24 hours. Here's the analysis to support this conclusion:

1. Current Sentiment and Price Movement: The stock's recent performance has been bearish, with a closing price of $13.49 on July 10, 2024. This indicates a downtrend in the immediate term.

2. Technical Analysis: The stock is currently trading below its 5-day and 10-day moving averages, which are $13.5 and $13.82, respectively. This typically suggests a bearish momentum as the price is below short-term and long-term averages.

3. Support and Resistance Levels: There is no specific information about support and resistance levels for BSET. The absence of these key indicators makes it difficult to predict the stock's movement without additional information about its trading range.

4. Analyst Ratings and Price Targets: There are no available analyst ratings or price targets for BSET in the past 3 months. This lack of analyst coverage makes it challenging to gauge the market's expectations or potential upside/downside.
5. Earnings and Sales Forecasts: The earnings estimate for the next quarter is -$0.11, with a range of -$0.12 to -$0.10. The sales forecast for the next quarter is $86.99M with a range of $86.21M to $87.77M. These figures do not provide a clear indication of the stock's potential price movement.
6. Dividend and Financial Health: Bassett recently announced an 11% increase in its regular quarterly dividend to $0.20 per share. This positive development could be a sign of confidence in the company's financial health, but it does not directly impact the stock's price in the short term.
7. Market Conditions and Volatility: The stock has a high implied volatility, which indicates high market sentiment and potential for price swings. This could lead to increased volatility without a clear direction in the short term.

In conclusion, while the dividend increase is a positive sign, the current technical indicators and lack of specific analyst ratings suggest that Bassett Furniture Industries' stock is not expected to experience a significant upward movement in the next 24 hours. Investors should consider these factors and monitor the stock closely for any changes in sentiment or market conditions that could affect the prediction.