BlockchainK2 Corp. Stock Forecast

BlockchainK2 Corp. stock price up more than 5.77% on Friday
(Updated on May 03, 2024)

BIDCF Signals & Forecast

There are mixed signals in the stock today. The BlockchainK2 Corp. 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 $0.273. On a fall, the stock will find some support from the short-term average at $0.254. 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, February 27, 2024, and so far it has fallen -35.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BlockchainK2 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.

Support, Risk & Stop-loss for BlockchainK2 Corp. stock

BlockchainK2 Corp. finds support from accumulated volume at $0.255 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 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 $0.0118 between high and low, or 4.82%. For the last week, the stock has had daily average volatility of 4.24%.

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

Trading Expectations (BIDCF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect BlockchainK2 Corp. to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.236 and $0.277, which gives a possible trading interval of +/-$0.0208 (+/-8.11%) up or down from last closing price. If BlockchainK2 Corp. takes out the full calculated possible swing range there will be an estimated 16.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.255 (0.62%) than the resistance at $0.261 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BlockchainK2 Corp. stock A Buy?

BlockchainK2 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: -3.422 Sell Candidate Unchanged

Predicted Opening Price for BlockchainK2 Corp. of Monday, May 6, 2024

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