Blade Air Mobility, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Blade Air Mobility, Inc. stock price on Wednesday which ended trading at $0.208
(Updated on Jun 26, 2024)
The Blade Air Mobility, Inc. stock price gained 17.13% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.178 to $0.208. During the last trading day the stock fluctuated 15.50% from a day low at $0.180 to a day high of $0.208. The price has fallen in 5 of the last 10 days but is still up by 3.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $2.95 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.238 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BLDEW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Blade Air Mobility, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 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 $0.225. On a fall, the stock will find some support from the short-term average at $0.188. 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 -40.60%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Blade Air Mobility, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.193 and $0.190. 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, Blade Air Mobility, Inc. finds support just below today's level at $0.193. If this is broken, then the next support from accumulated volume will be at $0.190 and $0.185.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0279 between high and low, or 15.50%. For the last week, the stock has had daily average volatility of 11.30%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Blade Air Mobility, Inc. to open at $0.199, and during the day (based on 14 day Average True Range), to move between $0.181 and $0.235, which gives a possible trading interval of +/-$0.0272 (+/-13.09%) 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 26.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.193 (7.41%) than the resistance at $0.248 (19.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -1.395 Sell Candidate Unchanged
Predicted Opening Price for Blade Air Mobility, Inc. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.199 ( 4.47%) | $0.208 |
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 | 0.227 | 8.95% |
R2 | 0.216 | 3.82% |
R1 | 0.209 | 0.653% |
Price | 0.208 | |
S1 | 0.188 | -9.60% |
S2 | 0.181 | -12.77% |
S3 | 0.171 | -17.89% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.259 | 24.53% |
R2 | 0.255 | 22.66% |
R1 | 0.248 | 19.05% |
Price | 0.208 | |
S1 | 0.193 | -7.41% |
S2 | 0.190 | -8.61% |
S3 | 0.185 | -11.01% |
FAQ
Click here for our free guide on how to buy Blade Air Mobility, Inc. Stock.