Bark, Inc. Stock Forecast
Volatile ride for Bark, Inc. stock price on Friday moving between $0.0509 and $0.0670
(Updated on Jun 28, 2024)
The Bark, Inc. stock price fell by -5.22% on the last day (Friday, 28th Jun 2024) from $0.0670 to $0.0635. During the last trading day the stock fluctuated 31.63% from a day low at $0.0509 to a day high of $0.0670. The price has fallen in 6 of the last 10 days but is still up by 58.75% over the past 2 weeks. 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 -87 thousand shares and in total, 26 thousand shares were bought and sold for approximately $1.67 thousand.
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 $0.0674 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 37.09% during the next 3 months and, with a 90% probability hold a price between $0.0476 and $0.0924 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BARK-WT Signals & Forecast
The Bark, Inc. 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 $0.0499 and $0.0371. 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, June 27, 2024, and so far it has fallen -5.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bark, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0554 and $0.0500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0500 may give a huge drop in the stock price.
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 $0.0161 between high and low, or 31.63%. For the last week the stock has had daily average volatility of 22.67%.
Our recommended stop-loss: $0.0611 (-3.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (BARK-WT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bark, Inc. to open at $0.0605, and during the day (based on 14 day Average True Range), to move between $0.0564 and $0.0706, which gives a possible trading interval of +/-$0.0071 (+/-11.12%) up or down from last closing price. If Bark, Inc. takes out the full calculated possible swing range there will be an estimated 22.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0670 (5.51%) than the support at $0.0554 (12.76%), 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 Bark, Inc. stock A Buy?
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 Bark, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.628 Buy Candidate Upgraded
Predicted Opening Price for Bark, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0605 ( 4.78%) | $0.0635 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BARK-WT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0766 | 20.58% |
| R2 | 0.0704 | 10.89% |
| R1 | 0.0666 | 4.91% |
| Price | 0.0635 | |
| S1 | 0.0543 | -14.46% |
| S2 | 0.0505 | -20.45% |
| S3 | 0.0444 | -30.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0670 | 5.51% |
| Price | 0.0635 | |
| S1 | 0.0554 | -12.76% |
| S2 | 0.0500 | -21.26% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Bark, Inc. Stock.
