Beneficient Stock Forecast

Volatile ride for Beneficient stock price on Wednesday moving between $2.04 and $3.27
(Updated on May 01, 2024)

BENF Signals & Forecast

The Beneficient stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.89. On a fall, the stock will find some support from the long-term average at approximately $1.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -57.50%. Further fall is indicated until a new bottom pivot has been found. Beneficient gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Beneficient 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.

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 $1.23 between high and low, or 60.29%. For the last week, the stock has had daily average volatility of 22.69%.

Our recommended stop-loss: $1.94 (-4.78%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (BENF) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Beneficient to open at $2.45, and during the day (based on 14 day Average True Range), to move between $1.50 and $2.58, which gives a possible trading interval of +/-$0.542 (+/-26.55%) up or down from last closing price. If Beneficient takes out the full calculated possible swing range there will be an estimated 53.09% move between the lowest and the highest trading price during the day.

Is Beneficient stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Beneficient stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.826 Buy Candidate Upgraded

Predicted Opening Price for Beneficient of Thursday, May 2, 2024

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