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Benessere Capital Acquisition Corp. Stock Forecast NASDAQ:BENEU

$11.59 (1.58%)

Volume: 110

Closed: Dec 07, 2021

Hollow Logo Score: -1.641

Benessere Capital Acquisition Corp. Stock Forecast

$11.59 (1.58%)

Volume: 110

Closed: Dec 07, 2021

Score Hollow Logo -1.641
Which way will BENEU go? Request

BENEU Stock Risk

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 between high and low, or 0%. For the last week, the stock has had a daily average volatility of 0.0351%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 43 and the stock is currently not being overbought or oversold

Green day on Tuesday for Benessere Capital Acquisition Corp. stock after gaining 1.58%
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-02 Loss -1.70%

The Benessere Capital Acquisition Corp. stock price gained 1.58% on the last trading day (Tuesday, 7th Dec 2021), rising from $11.41 to $11.59. During the day the stock fluctuated 0% from a day low at $11.59 to a day high of $11.59. The price has fallen in 5 of the last 10 days and is down by -0.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 more shares were traded than the day before. In total, 110 shares were bought and sold for approximately $1.27 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.67% during the next 3 months and, with a 90% probability hold a price between $13.04 and $17.91 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Benessere Capital 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 $11.76 and $12.18. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 1.58%. 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). Benessere Capital 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. The stock had a Golden Star Signal on Monday, September 20, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 29, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Monday, September 20, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 29, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, September 20, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 29, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $10.90 and $10.80. There is 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, Benessere Capital Acquisition Corp. finds support just below today's level at $10.90. If this is broken, then the next support from accumulated volume will be at $10.80 and $10.66.

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 between high and low, or 0%. For the last week, the stock has had a daily average volatility of 0.0351%.

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

Is Benessere Capital Acquisition Corp. stock A Buy?

Benessere Capital Acquisition Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.641

Predicted Opening Price for Benessere Capital Acquisition Corp. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$11.59 $11.59 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.0351 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.0351 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $13.00
Price: $11.59
Support: $10.90

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.59 0.00000000 %
11.59 0.00000000 %
11.59 0.00000000 %
Current price: 11.59
Support 11.59 0.00000000 %
11.59 0.00000000 %
11.59 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 13.37 15.36 %
13.15 13.46 %
13.00 12.17 %
Current price 11.59
Support 10.90 -5.95%
10.80 -6.82%
10.66 -8.02%

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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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