BigBen Interactive Stock Forecast

BigBen Interactive stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)

BIG.PA Signals & Forecast

The BigBen Interactive stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 2.86€ and 2.67€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). BigBen 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. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for BigBen Interactive stock

On the downside, the stock finds support just below today's level from accumulated volume at 2.70€ and 2.64€. 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, BigBen Interactive finds support just below today's level at 2.70€. If this is broken, then the next support from accumulated volume will be at 2.64€ and 2.58€.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.140€ between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 4.94%.

Our recommended stop-loss: 2.82€ (-3.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (BIG.PA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect BigBen Interactive to open at 2.87€, and during the day (based on 14 day Average True Range), to move between 2.80€ and 3.04€, which gives a possible trading interval of +/-0.118€ (+/-4.04%) up or down from last closing price. If BigBen Interactive takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 2.70€, some 0.220€ (7.53%) from the current price of 2.92€, our system finds the risk reward attractive.

Is BigBen Interactive 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 BigBen Interactive 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: 2.629 Buy Candidate Upgraded

Predicted Opening Price for BigBen Interactive of Tuesday, May 21, 2024

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