Bubblr Inc. Stock Forecast
High volatility in Bubblr Inc. stock price on Friday which ended trading at $0.0270
(Updated on May 03, 2024)
The Bubblr Inc. stock price fell by -3.57% on the last day (Friday, 3rd May 2024) from $0.0280 to $0.0270. During the last trading day the stock fluctuated 10.19% from a day low at $0.0270 to a day high of $0.0298. The price has fallen in 6 of the last 10 days and is down by -1.46% for this period. 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 -18 thousand shares and in total, 700 shares were bought and sold for approximately $18.90 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.93% during the next 3 months and, with a 90% probability hold a price between $0.0140 and $0.0363 at the end of this 3-month period.
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BBLR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 9.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bubblr 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 $0.0275 and $0.0300. A break-up above any of these levels will issue buy signals. 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 Bubblr Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0251 and $0.0250. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bubblr Inc. finds support just below today's level at $0.0251. If this is broken, then the next support from accumulated volume will be at $0.0250 and $0.0247.
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 $0.0028 between high and low, or 10.19%. For the last week the stock has had daily average volatility of 13.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBLR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bubblr Inc. to open at $0.0279, and during the day (based on 14 day Average True Range), to move between $0.0237 and $0.0303, which gives a possible trading interval of +/-$0.0033 (+/-12.34%) up or down from last closing price. If Bubblr Inc. takes out the full calculated possible swing range there will be an estimated 24.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0280 (3.70%) than the support at $0.0251 (7.04%), 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.
Earnings coming up
Bubblr Inc. will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Bubblr Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.24% in the first trading day after earnings release.
Is Bubblr Inc. stock A Buy?
Bubblr Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.401 Sell Candidate Unchanged
Predicted Opening Price for Bubblr Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0279 ( 3.40%) | $0.0270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0307 | 13.58 % | |
| R2 | 0.0296 | 9.69 % | ||
| R1 | 0.0290 | 7.29 % | ||
| Current price: | 0.0270 | |||
| Support | S1 | 0.0269 | -0.496 % | |
| S2 | 0.0262 | -2.90 % | ||
| S3 | 0.0252 | -6.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0330 | 22.22 % | |
| R2 | 0.0315 | 16.67 % | ||
| R1 | 0.0280 | 3.70 % | ||
| Current price | 0.0270 | |||
| Support | S1 | 0.0251 | -7.04% | |
| S2 | 0.0250 | -7.41% | ||
| S3 | 0.0247 | -8.35% |
FAQ
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