Bigbear.ai Holdings, Inc. Wt Stock Forecast

Big movements in Bigbear.ai Holdings, Inc. Wt stock price on Friday moving 16.58% between high and low
(Updated on Jun 21, 2024)

BBAI-WT Signals & Forecast

There are few to no technical positive signals at the moment. The Bigbear.ai Holdings, Inc. Wt 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 $0.173 and $0.191. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -20.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Bigbear.ai Holdings, Inc. Wt stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0250 between high and low, or 16.58%. For the last week the stock has had daily average volatility of 18.47%

Bigbear.ai Holdings, Inc. Wt is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.145 (-6.42%) (This stock has low daily movements and this gives low risk. Low RSI14 is 29 which reduces the risk some. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (BBAI-WT) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Bigbear.ai Holdings, Inc. Wt to open at $0.160, and during the day (based on 14 day Average True Range), to move between $0.125 and $0.184, which gives a possible trading interval of +/-$0.0293 (+/-18.96%) up or down from last closing price. If Bigbear.ai Holdings, Inc. Wt takes out the full calculated possible swing range there will be an estimated 37.92% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.170, some $0.0153 (9.89%) from the current price of $0.155, our system finds the risk reward not very attractive.

Is Bigbear.ai Holdings, Inc. Wt stock A Buy?

Bigbear.ai Holdings, Inc. Wt holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bigbear.ai Holdings, Inc. Wt of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.