Blade Air Mobility, Inc. Stock Forecast
Big movements in Blade Air Mobility, Inc. stock price on Thursday moving 15.19% between high and low
(Updated on Jun 20, 2024)
The Blade Air Mobility, Inc. stock price gained 4.05% on the last trading day (Thursday, 20th Jun 2024), rising from $0.185 to $0.193. During the last trading day the stock fluctuated 15.19% from a day low at $0.185 to a day high of $0.213. The price has fallen in 5 of the last 10 days and is down by -3.7% for this period. Volume fell on the last day by -11 thousand shares and in total, 54 thousand shares were bought and sold for approximately $10.30 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -16.50% during the next 3 months and, with a 90% probability hold a price between $0.0366 and $0.253 at the end of this 3-month period.
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BLDEW Signals & Forecast
There are mixed signals in the stock today. The Blade Air Mobility, 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 $0.237. On a fall, the stock will find some support from the short-term average at $0.180. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -45.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blade Air Mobility, Inc. stock
Blade Air Mobility, Inc. finds support from accumulated volume at $0.190 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0281 between high and low, or 15.19%. For the last week the stock has had daily average volatility of 11.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLDEW) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Blade Air Mobility, Inc. to open at $0.197, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.222, which gives a possible trading interval of +/-$0.0291 (+/-15.11%) up or down from last closing price. If Blade Air Mobility, Inc. takes out the full calculated possible swing range there will be an estimated 30.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.195 (1.30%) than the support at $0.190 (1.30%), 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 Blade Air Mobility, Inc. stock A Buy?
Blade Air Mobility, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.536 Sell Candidate Upgraded
Predicted Opening Price for Blade Air Mobility, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.197 ( 2.27%) | $0.193 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLDEW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.225 | 16.87% |
| R2 | 0.214 | 11.29% |
| R1 | 0.208 | 7.84% |
| Price | 0.193 | |
| S1 | 0.186 | -3.31% |
| S2 | 0.180 | -6.75% |
| S3 | 0.169 | -12.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.200 | 3.90% |
| R2 | 0.200 | 3.84% |
| R1 | 0.195 | 1.30% |
| Price | 0.193 | |
| S1 | 0.190 | -1.30% |
| S2 | 0.186 | -3.64% |
| S3 | 0.185 | -3.90% |
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