High volatility in Bluesky Digital Assets Corp. stock price on Friday which ended trading at $0.400

The Bluesky Digital Assets Corp. stock price fell by -18.30% on the last day (Friday, 29th Nov 2024) from $0.490 to $0.400. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 20.28% from a day low at $0.399 to a day high of $0.480. The price has risen in 6 of the last 10 days but is still down by -15.53% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $672.00 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 156.77% during the next 3 months and, with a 90% probability hold a price between $0.306 and $1.53 at the end of this 3-month period.

The Bluesky Digital Assets Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.489. On a fall, the stock will find some support from the long-term average at approximately $0.170. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, November 25, 2024, and so far it has fallen -30.97%. Further fall is indicated until a new bottom pivot has been found. Bluesky Digital Assets Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Bluesky Digital Assets Corp. finds support from accumulated volume at $0.393 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0809 between high and low, or 20.28%. For the last week, the stock has had daily average volatility of 22.40%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bluesky Digital Assets Corp. stock to perform well in the short-term.