BIG Blockchain Intelligence Group Inc. Stock Forecast
Stronger technical forecast for BIG Blockchain Intelligence Group Inc. stock price after Friday trading.
(Updated on May 17, 2024)
No changes to the price of BIG Blockchain Intelligence Group Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 6.25% from a day low at $0.160 to a day high of $0.170. The price has been going up and down for this period, and there has been a 6.45% gain for the last 2 weeks.
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 -44.95% during the next 3 months and, with a 90% probability hold a price between $0.0649 and $0.103 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 10.00%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. The BIG Blockchain Intelligence Group Inc. 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 $0.168. On a fall, the stock will find some support from the short-term average at $0.161. 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.
Support, Risk & Stop-loss for BIG Blockchain Intelligence Group Inc. stock
BIG Blockchain Intelligence Group Inc. finds support from accumulated volume at $0.160 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0100 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 3.17%.
Our recommended stop-loss: $0.158 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BIGG.CN) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BIG Blockchain Intelligence Group Inc. to open at $0.165, and during the day (based on 14 day Average True Range), to move between $0.157 and $0.173, which gives a possible trading interval of +/-$0.0084 (+/-5.10%) 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 10.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.160 (3.03%) than the resistance at $0.180 (9.09%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BIG Blockchain Intelligence Group Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.165 ( 0%) | $0.165 |
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 | 0.175 | 6.06 % | |
| R2 | 0.171 | 3.75 % | ||
| R1 | 0.169 | 2.32 % | ||
| Current price: | 0.165 | |||
| Support | S1 | 0.161 | -2.32 % | |
| S2 | 0.159 | -3.75 % | ||
| S3 | 0.155 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.195 | 18.18 % | |
| R2 | 0.185 | 12.12 % | ||
| R1 | 0.180 | 9.09 % | ||
| Current price | 0.165 | |||
| Support | S1 | 0.160 | -3.03% | |
| S2 | 0.155 | -6.06% | ||
| S3 | 0.150 | -9.09% |
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