Bitfrontier Capital Holdings Inc Stock Forecast
High volatility in Bitfrontier Capital Holdings Inc stock price on Friday which ended trading at $0.0035
(Updated on May 24, 2024)
The Bitfrontier Capital Holdings Inc stock price gained 6.06% on the last trading day (Friday, 24th May 2024), rising from $0.0033 to $0.0035. During the last trading day the stock fluctuated 37.04% from a day low at $0.0027 to a day high of $0.0037. The price has risen in 7 of the last 10 days and is up by 34.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $18.89 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0041 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BFCH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Bitfrontier Capital Holdings Inc 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 Bitfrontier Capital Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0064. On a fall, the stock will find some support from the short-term average at $0.0035. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -30.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bitfrontier Capital Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0033 and $0.0030. 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, Bitfrontier Capital Holdings Inc finds support just below today's level at $0.0033. If this is broken, then the next support from accumulated volume will be at $0.0030 and $0.0028.
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 $0.0010 between high and low, or 37.04%. For the last week, the stock has had daily average volatility of 54.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFCH) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Bitfrontier Capital Holdings Inc to open at $0.0033, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0050, which gives a possible trading interval of +/-$0.0015 (+/-41.46%) up or down from last closing price. If Bitfrontier Capital Holdings Inc takes out the full calculated possible swing range there will be an estimated 82.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0033 (5.71%) than the resistance at $0.0040 (14.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bitfrontier Capital Holdings Inc stock A Buy?
Bitfrontier Capital Holdings Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.966 Sell Candidate Upgraded
Predicted Opening Price for Bitfrontier Capital Holdings Inc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0033 ( 5.71%) | $0.0035 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFCH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0043 | 22.86 % | |
| R2 | 0.0039 | 11.94 % | ||
| R1 | 0.0037 | 5.20 % | ||
| Current price: | 0.0035 | |||
| Support | S1 | 0.0029 | -16.63 % | |
| S2 | 0.0027 | -23.37 % | ||
| S3 | 0.0023 | -34.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0042 | 20.00 % | |
| R2 | 0.0041 | 17.14 % | ||
| R1 | 0.0040 | 14.29 % | ||
| Current price | 0.0035 | |||
| Support | S1 | 0.0033 | -5.71% | |
| S2 | 0.0030 | -14.29% | ||
| S3 | 0.0028 | -20.00% |
FAQ
Click here for our free guide on how to buy Bitfrontier Capital Holdings Inc Stock.
