Body and Mind Inc. Stock Forecast
Red day on Tuesday for Body and Mind Inc.
(Updated on Jun 25, 2024)
No changes to the price of Body and Mind Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0550 to a day high of $0.0550. The price has fallen in 4 of the last 10 days and is down by -15.38% for this period.
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 $0.0484 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.94% during the next 3 months and, with a 90% probability hold a price between $0.0310 and $0.0560 at the end of this 3-month period.
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BAMM.CN Signals & Forecast
There are mixed signals in the stock today. The Body and Mind Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0593 and $0.0751. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 10.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Body and Mind Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAMM.CN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Body and Mind Inc. to open at $0.0550, and during the day (based on 14 day Average True Range), to move between $0.0493 and $0.0607, which gives a possible trading interval of +/-$0.0057 (+/-10.43%) up or down from last closing price. If Body and Mind Inc. takes out the full calculated possible swing range there will be an estimated 20.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0600 (9.09%) than the support at $0.0500 (9.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Body and Mind Inc. stock A Buy?
Body and Mind Inc. 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.
Current score: -4.246 Sell Candidate Unchanged
Predicted Opening Price for Body and Mind Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0550 ( 0%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAMM.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0550 | - |
| R2 | 0.0550 | - |
| R1 | 0.0550 | - |
| Price | 0.0550 | |
| S1 | 0.0550 | - |
| S2 | 0.0550 | - |
| S3 | 0.0550 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0650 | 18.18% |
| R1 | 0.0600 | 9.09% |
| Price | 0.0550 | |
| S1 | 0.0500 | -9.09% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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