BH Network USD Stock Forecast

Volatile ride for BH Network USD stock price on Friday moving between $0.0045 and $0.0052
(Updated on Jun 28, 2024)

BHATUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 13.32%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BH Network USD 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 $0.0056. On a fall, the stock will find some support from the short-term average at $0.0045. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BH Network USD stock

BH Network USD finds support from accumulated volume at $0.0044 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0007 between high and low, or 14.66%. For the last week the stock has had daily average volatility of 10.18%.

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

Trading Expectations (BHATUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect BH Network USD to open at $0.0047, and during the day (based on 14 day Average True Range), to move between $0.0041 and $0.0050, which gives a possible trading interval of +/-$0.0004 (+/-9.51%) up or down from last closing price. If BH Network USD takes out the full calculated possible swing range there will be an estimated 19.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0044 (2.60%) than the resistance at $0.0048 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BH Network USD stock A Buy?

BH Network USD 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: -2.172 Sell Candidate Unchanged

Predicted Opening Price for BH Network USD of Saturday, June 29, 2024

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