Black Hawk Acquisition Corp Rights Stock Forecast
Black Hawk Acquisition Corp Rights stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Black Hawk Acquisition Corp Rights stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.30 to a day high of $1.30. The price has fallen in 5 of the last 10 days but is still up by 8.33% over the past 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 37.70% during the next 3 months and, with a 90% probability hold a price between $1.69 and $2.29 at the end of this 3-month period.
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BKHAR Signals & Forecast
The Black Hawk Acquisition Corp Rights stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.34. On a fall, the stock will find some support from the long-term average at approximately $1.17. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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. 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.
A buy signal from a double bottom formation was found on Wednesday, May 22, 2024 with a target of $1.11. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Black Hawk Acquisition Corp Rights stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.10 and $1.07. 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, Black Hawk Acquisition Corp Rights finds support just below today's level at $1.10. If this is broken, then the next support from accumulated volume will be at $1.07 and $1.06.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 24.81%
Our recommended stop-loss: $1.22 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BKHAR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Black Hawk Acquisition Corporation Rights to open at $1.30, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.47, which gives a possible trading interval of +/-$0.170 (+/-13.10%) up or down from last closing price. If Black Hawk Acquisition Corporation Rights takes out the full calculated possible swing range there will be an estimated 26.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.46 (12.31%) than the support at $1.10 (15.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Black Hawk Acquisition Corporation Rights stock A Buy?
Black Hawk Acquisition Corp Rights 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Black Hawk Acquisition Corporation Rights of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $1.30 ( 0%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKHAR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.30 | - |
| R2 | 1.30 | - |
| R1 | 1.30 | - |
| Price | 1.30 | |
| S1 | 1.30 | - |
| S2 | 1.30 | - |
| S3 | 1.30 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.56 | 20.00% |
| R2 | 1.54 | 18.46% |
| R1 | 1.46 | 12.31% |
| Price | 1.30 | |
| S1 | 1.10 | -15.38% |
| S2 | 1.07 | -17.69% |
| S3 | 1.06 | -18.46% |
FAQ
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