Blacksky Technology Inc. Wt Stock Forecast
Blacksky Technology Inc. Wt stock price down 2.47% on Tuesday
(Updated on Jun 25, 2024)
The Blacksky Technology Inc. Wt stock price fell by -2.47% on the last day (Tuesday, 25th Jun 2024) from $0.0324 to $0.0316. During the last trading day the stock fluctuated 3.81% from a day low at $0.0315 to a day high of $0.0327. The price has been going up and down for this period, and there has been a -20.8% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 11 thousand shares were bought and sold for approximately $360.62 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0302 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.08% during the next 3 months and, with a 90% probability hold a price between $0.0290 and $0.0411 at the end of this 3-month period.
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BKSY-WT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.10%. 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 Blacksky Technology Inc. Wt 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 $0.0334 and $0.0360. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Blacksky Technology Inc. Wt stock
Blacksky Technology Inc. Wt finds support from accumulated volume at $0.0310 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 $0.0012 between high and low, or 3.81%. For the last week the stock has had daily average volatility of 19.77%.
Our recommended stop-loss: $0.0300 (-5.21%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BKSY-WT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Blacksky Technology Inc. Wt to open at $0.0319, and during the day (based on 14 day Average True Range), to move between $0.0246 and $0.0386, which gives a possible trading interval of +/-$0.0070 (+/-22.28%) up or down from last closing price. If Blacksky Technology Inc. Wt takes out the full calculated possible swing range there will be an estimated 44.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0310 (1.90%) than the resistance at $0.0353 (11.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Blacksky Technology Inc. Wt stock A Buy?
Blacksky Technology Inc. Wt holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.820 Hold/Accumulate Unchanged
Predicted Opening Price for Blacksky Technology Inc. Wt of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0319 ( 1.05%) | $0.0316 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKSY-WT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0331 | 4.85% |
R2 | 0.0327 | 3.40% |
R1 | 0.0324 | 2.51% |
Price | 0.0316 | |
S1 | 0.0315 | -0.396% |
S2 | 0.0312 | -1.29% |
S3 | 0.0307 | -2.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0369 | 16.77% |
R2 | 0.0364 | 15.19% |
R1 | 0.0353 | 11.71% |
Price | 0.0316 | |
S1 | 0.0310 | -1.90% |
S2 | 0.0306 | -3.01% |
S3 | 0.0280 | -11.39% |
FAQ
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