Volatile ride for Bluesky Digital Assets Corp. stock price on Wednesday moving between $0.370 and $0.451

The Bluesky Digital Assets Corp. stock price gained 1.93% on the last trading day (Wednesday, 20th Nov 2024), rising from $0.414 to $0.422. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 21.89% from a day low at $0.370 to a day high of $0.451. The price has risen in 8 of the last 10 days and is up by 955% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $1.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.484 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 48.52% during the next 3 months and, with a 90% probability hold a price between $0.0886 and $0.719 at the end of this 3-month period.

The Bluesky Digital Assets Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.325 and $0.0888. A breakdown below any of these levels will issue sell signals. 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 Thursday, November 14, 2024, and so far it has fallen -10.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Bluesky Digital Assets Corp. finds support from accumulated volume at $0.414 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0810 between high and low, or 21.89%. For the last week the stock has had daily average volatility of 80.39%.

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.