BigBear.ai Holdings Stock Forecast
BigBear.ai Holdings stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The BigBear.ai Holdings stock price fell by -0.685% on the last day (Tuesday, 2nd Jul 2024) from $1.46 to $1.45. During the last trading day the stock fluctuated 4.26% from a day low at $1.41 to a day high of $1.47. The price has been going up and down for this period, and there has been a 9.85% gain for the last 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 -963 thousand shares and in total, 1 million shares were bought and sold for approximately $1.96 million.
The stock lies the upper part of a very wide and falling 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 $1.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.98% during the next 3 months and, with a 90% probability hold a price between $0.87 and $1.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BBAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 20.83%. 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). 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 $1.45. On a fall, the stock will find some support from the short-term average at $1.42. 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. 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 $1.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 6.09%.
Our recommended stop-loss: $1.39 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (BBAI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BigBear.ai Holdings to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.36 and $1.54, which gives a possible trading interval of +/-$0.0900 (+/-6.21%) up or down from last closing price. If BigBear.ai Holdings takes out the full calculated possible swing range there will be an estimated 12.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.49 (2.76%) than the support at $1.39 (4.14%), 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 BigBear.ai Holdings stock A Buy?
BigBear.ai Holdings holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.334 Hold/Accumulate Downgraded
Predicted Opening Price for BigBear.ai Holdings of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.44 ( 0.460%) | $1.45 |
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 | |
|---|---|---|
| R3 | 1.50 | 3.68% |
| R2 | 1.48 | 2.10% |
| R1 | 1.47 | 1.12% |
| Price | 1.45 | |
| S1 | 1.42 | -2.04% |
| S2 | 1.41 | -3.02% |
| S3 | 1.38 | -4.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.56 | 7.59% |
| R2 | 1.51 | 4.14% |
| R1 | 1.49 | 2.76% |
| Price | 1.45 | |
| S1 | 1.39 | -4.14% |
| S2 | 1.36 | -6.21% |
| S3 | 1.29 | -11.03% |
FAQ
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