Bloom USD Stock Forecast

Bloom USD stock price ended at $0.0053 on Friday, after losing 1.04%.
(Updated on Jun 28, 2024)

BLTUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Bloom USD 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 $0.0054 and $0.0056. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -14.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bloom USD 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 Bloom USD stock

Bloom USD finds support from accumulated volume at $0.0052 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0000559 between high and low, or 1.05%. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: $0.0050 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (BLTUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Bloom USD to open at $0.0053, and during the day (based on 14 day Average True Range), to move between $0.0052 and $0.0055, which gives a possible trading interval of +/-$0.0002 (+/-3.25%) up or down from last closing price. If Bloom USD takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0052 (3.09%) than the resistance at $0.0064 (19.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bloom USD stock A Buy?

Bloom USD 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bloom USD of Saturday, June 29, 2024

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