BIG Blockchain Intelligence Group Inc. Stock Forecast
BIG Blockchain Intelligence Group Inc. stock price ended at $0.155 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of BIG Blockchain Intelligence Group Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 6.67% from a day low at $0.150 to a day high of $0.160. The price has fallen in 4 of the last 10 days and is down by -6.06% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -47.80% during the next 3 months and, with a 90% probability hold a price between $0.0659 and $0.101 at the end of this 3-month period. 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.
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BIGG.CN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.33%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BIG Blockchain Intelligence Group Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.155 and $0.176. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BIG Blockchain Intelligence Group Inc. stock
BIG Blockchain Intelligence Group Inc. finds support from accumulated volume at $0.150 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 $0.0100 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 6.02%.
BIG Blockchain Intelligence Group Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIGG.CN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BIG Blockchain Intelligence Group Inc. to open at $0.155, and during the day (based on 14 day Average True Range), to move between $0.145 and $0.165, which gives a possible trading interval of +/-$0.0104 (+/-6.73%) up or down from last closing price. If BIG Blockchain Intelligence Group Inc. takes out the full calculated possible swing range there will be an estimated 13.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.150 (3.23%) than the resistance at $0.165 (6.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BIG Blockchain Intelligence Group Inc. stock A Buy?
BIG Blockchain Intelligence Group Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.842 Sell Candidate Unchanged
Predicted Opening Price for BIG Blockchain Intelligence Group Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.155 ( 0%) | $0.155 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIGG.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.165 | 6.45 % | |
| R2 | 0.161 | 3.99 % | ||
| R1 | 0.159 | 2.46 % | ||
| Current price: | 0.155 | |||
| Support | S1 | 0.151 | -2.46 % | |
| S2 | 0.149 | -3.99 % | ||
| S3 | 0.145 | -6.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.185 | 19.35 % | |
| R2 | 0.180 | 16.13 % | ||
| R1 | 0.165 | 6.45 % | ||
| Current price | 0.155 | |||
| Support | S1 | 0.150 | -3.23% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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