Blue Diamond Ventures, Inc. Stock Forecast

High volatility in Blue Diamond Ventures, Inc. stock price on Monday which ended trading at $0.0002
(Updated on Apr 22, 2024)

BLDV Signals & Forecast

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. The Blue Diamond Ventures, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -20.00%. Further fall is indicated until a new bottom pivot has been found. Blue Diamond Ventures, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Blue Diamond Ventures, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0002. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 50.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BLDV) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Blue Diamond Ventures, Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.00009200 (+/-38.33%) up or down from last closing price. If Blue Diamond Ventures, Inc. takes out the full calculated possible swing range there will be an estimated 76.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0003 (4.17%) than the support at $0.0002 (16.67%), 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 Blue Diamond Ventures, Inc. stock A Buy?

Blue Diamond Ventures, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.771 Sell Candidate Downgraded

Predicted Opening Price for Blue Diamond Ventures, Inc. of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.