BLIS Technologies Limited Stock Forecast
Volatile ride for BLIS Technologies Limited stock price on Wednesday moving between $0.0170 and $0.0190
(Updated on Apr 17, 2024)
The BLIS Technologies Limited stock price fell by -10.53% on the last day (Wednesday, 17th Apr 2024) from $0.0190 to $0.0170. During the last trading day the stock fluctuated 11.76% from a day low at $0.0170 to a day high of $0.0190. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 284 thousand shares were bought and sold for approximately $4.84 thousand.
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 -10.50% during the next 3 months and, with a 90% probability hold a price between $0.0114 and $0.0170 at the end of this 3-month period. 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.
BLT.NZ Signals & Forecast
The BLIS Technologies Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0169 and $0.0160. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -10.53%. Further fall is indicated until a new bottom pivot has been found. BLIS Technologies Limited 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 BLIS Technologies Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0160 and $0.0150. 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, BLIS Technologies Limited finds support just below today's level at $0.0160. If this is broken, then the next support from accumulated volume will be at $0.0150 and $0.0140.
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 $0.0020 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLT.NZ) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect BLIS Technologies Limited to open at $0.0177, and during the day (based on 14 day Average True Range), to move between $0.0164 and $0.0176, which gives a possible trading interval of +/-$0.0006 (+/-3.80%) up or down from last closing price. If BLIS Technologies Limited takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0180 (5.88%) than the support at $0.0160 (5.88%), 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 BLIS Technologies Limited stock A Buy?
BLIS Technologies Limited 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. 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: -1.557 Sell Candidate Downgraded
Predicted Opening Price for BLIS Technologies Limited of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$0.0177 ( 3.92%) | $0.0170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLT.NZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0197 | 15.69 % | |
R2 | 0.0189 | 11.19 % | ||
R1 | 0.0184 | 8.42 % | ||
Current price: | 0.0170 | |||
Support | S1 | 0.0169 | -0.573 % | |
S2 | 0.0164 | -3.35 % | ||
S3 | 0.0157 | -7.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0200 | 17.65 % | |
R2 | 0.0190 | 11.76 % | ||
R1 | 0.0180 | 5.88 % | ||
Current price | 0.0170 | |||
Support | S1 | 0.0160 | -5.88% | |
S2 | 0.0150 | -11.76% | ||
S3 | 0.0140 | -17.65% |
FAQ
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