BigBear.ai Holdings Stock Forecast
BigBear.ai Holdings stock upgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The BigBear.ai Holdings stock price fell by -1.78% on the last day (Thursday, 25th Apr 2024) from $1.69 to $1.66. During the last trading day the stock fluctuated 5.59% from a day low at $1.61 to a day high of $1.70. The price has fallen in 7 of the last 10 days and is down by -5.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 3 million shares were bought and sold for approximately $4.23 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.94% during the next 3 months and, with a 90% probability hold a price between $1.16 and $3.79 at the end of this 3-month period.
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BBAI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BigBear.ai Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.02. On a fall, the stock will find some support from the short-term average at $1.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -61.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BigBear.ai Holdings stock
BigBear.ai Holdings finds support from accumulated volume at $1.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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". During the last day, the stock moved $0.0900 between high and low, or 5.59%. For the last week, the stock has had daily average volatility of 7.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBAI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BigBear.ai Holdings to open at $1.66, and during the day (based on 14 day Average True Range), to move between $1.49 and $1.83, which gives a possible trading interval of +/-$0.172 (+/-10.34%) up or down from last closing price. If BigBear.ai Holdings takes out the full calculated possible swing range there will be an estimated 20.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.58 (4.82%) than the resistance at $1.93 (16.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BigBear.ai Holdings will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0700. We will update the financials statements for BigBear.ai Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.20% in the first trading day after earnings release.
Is BigBear.ai Holdings stock A Buy?
BigBear.ai Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.696 Sell Candidate Upgraded
Predicted Opening Price for BigBear.ai Holdings of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.66 ( 0.201%) | $1.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.75 | 5.22 % | |
| R2 | 1.71 | 3.15 % | ||
| R1 | 1.69 | 1.87 % | ||
| Current price: | 1.66 | |||
| Support | S1 | 1.62 | -2.27 % | |
| S2 | 1.60 | -3.55 % | ||
| S3 | 1.57 | -5.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.00 | 20.48 % | |
| R2 | 1.96 | 18.07 % | ||
| R1 | 1.93 | 16.27 % | ||
| Current price | 1.66 | |||
| Support | S1 | 1.58 | -4.82% | |
| S2 | 1.56 | -6.02% | ||
| S3 | 1.45 | -12.65% |
FAQ
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