Blockchain Coinvestors Acquisition Corp. Stock Forecast

Volatile ride for Blockchain Coinvestors Acquisition Corp. stock price on Friday moving between $0.0515 and $0.0600
(Updated on Jun 28, 2024)

BCSAW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Blockchain Coinvestors Acquisition Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blockchain Coinvestors Acquisition Corp. 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 $0.0606 and $0.0729. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -66.78%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Blockchain Coinvestors Acquisition Corp. stock

Blockchain Coinvestors Acquisition Corp. finds support from accumulated volume at $0.0590 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0085 between high and low, or 16.50%. For the last week, the stock has had daily average volatility of 17.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BCSAW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Blockchain Coinvestors Acquisition Corp. I to open at $0.0571, and during the day (based on 14 day Average True Range), to move between $0.0456 and $0.0740, which gives a possible trading interval of +/-$0.0142 (+/-23.67%) up or down from last closing price. If Blockchain Coinvestors Acquisition Corp. I takes out the full calculated possible swing range there will be an estimated 47.34% 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 (0.33%) than the support at $0.0590 (1.34%), 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 Blockchain Coinvestors Acquisition Corp. I stock A Buy?

Blockchain Coinvestors Acquisition Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.643 Sell Candidate Upgraded

Predicted Opening Price for Blockchain Coinvestors Acquisition Corp. I of Monday, July 1, 2024

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