Fujian Blue Hat Interactive Stock Forecast
Fujian Blue Hat Interactive stock price up 1.83% on Wednesday
(Updated on Apr 24, 2024)
The Fujian Blue Hat Interactive stock price gained 1.83% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.09 to $1.11. During the last trading day the stock fluctuated 6.54% from a day low at $1.06 to a day high of $1.13. The price has risen in 5 of the last 10 days and is up by 3.74% 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, 35 thousand more shares were traded than the day before. In total, 95 thousand shares were bought and sold for approximately $105.59 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.75% during the next 3 months and, with a 90% probability hold a price between $0.98 and $1.26 at the end of this 3-month period.
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BHAT Signals & Forecast
The Fujian Blue Hat Interactive stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.05 and $1.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 16.84%. 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). Fujian Blue Hat Interactive 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. Higher liquidity also reduces the general risk. Despite all the positive signals in the chart we there to be so much uncertainty and risk that we cannot upgrade this stock's score yet. The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the long-term chart.
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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the long-term chart.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 for Fujian Blue Hat Interactive stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.04 and $1.03. 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, Fujian Blue Hat Interactive finds support just below today's level at $1.04. If this is broken, then the next support from accumulated volume will be at $1.03 and $1.02.
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 $0.0694 between high and low, or 6.54%. For the last week, the stock has had daily average volatility of 8.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHAT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fujian Blue Hat Interactive Entertainment Technology Ltd. to open at $1.10, and during the day (based on 14 day Average True Range), to move between $1.04 and $1.18, which gives a possible trading interval of +/-$0.0743 (+/-6.69%) up or down from last closing price. If Fujian Blue Hat Interactive Entertainment Technology Ltd. takes out the full calculated possible swing range there will be an estimated 13.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.12 (0.90%) than the support at $1.04 (6.31%), 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 Fujian Blue Hat Interactive Entertainment Technology Ltd. stock A Buy?
Fujian Blue Hat Interactive 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: -1.310 Sell Candidate Unchanged
Predicted Opening Price for Fujian Blue Hat Interactive Entertainment Technology Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.10 ( 0.88%) | $1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.17 | 5.37 % | |
| R2 | 1.14 | 2.98 % | ||
| R1 | 1.13 | 1.51 % | ||
| Current price: | 1.11 | |||
| Support | S1 | 1.07 | -3.27 % | |
| S2 | 1.06 | -4.75 % | ||
| S3 | 1.03 | -7.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.21 | 9.01 % | |
| R2 | 1.19 | 7.21 % | ||
| R1 | 1.12 | 0.90 % | ||
| Current price | 1.11 | |||
| Support | S1 | 1.04 | -6.31% | |
| S2 | 1.03 | -7.21% | ||
| S3 | 1.02 | -8.11% |
FAQ
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