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Blue Water Acquisition Corp. Stock Forecast NASDAQ:BLUWW

$0.40 (-2.44%)

Volume: 20k

Closed: Dec 08, 2021

Hollow Logo Score: -4.962

Blue Water Acquisition Corp. Stock Forecast

$0.40 (-2.44%)

Volume: 20k

Closed: Dec 08, 2021

Score Hollow Logo -4.962
Which way will BLUWW go? Request

BLUWW Stock Risk

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0288 between high and low, or 7.56%. For the last week the stock has had a daily average volatility of 12.31%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Stronger technical forecast for Blue Water Acquisition Corp. stock price after Wednesday trading.
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-04 Loss -39.70%

The Blue Water Acquisition Corp. stock price fell by -2.44% on the last day (Wednesday, 8th Dec 2021) from $0.41 to $0.40. During the day the stock fluctuated 7.56% from a day low at $0.38 to a day high of $0.41. The price has fallen in 7 of the last 10 days and is down by -27.19% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 20 thousand shares were bought and sold for approximately $8.08 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 -41.14% during the next 3 months and, with a 90% probability hold a price between $0.19 and $0.32 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Blue Water Acquisition Corp. 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 $0.43 and $0.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0288 between high and low, or 7.56%. For the last week the stock has had a daily average volatility of 12.31%.

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

Is Blue Water Acquisition Corp. stock A Buy?

Blue Water Acquisition Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.962

Predicted Opening Price for Blue Water Acquisition Corp. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$0.40 $0.40 (Overvalued)
Sell Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 12.31 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.31 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.45
Price: $0.40
No Support Found

BLUWW Insider Trading Show all Trades

INSIDER POWER

45.808

Last 10 transactions
Buy: 12 018 252 | Sell: 262 360 (Shares)
Date Action Amount Person Type
Sep 17, 2021 Sell 127 360 Ffi Fund Ltd Common Stock
Sep 09, 2021 Buy 2 470 756 Zisson Alex Common Stock
Sep 09, 2021 Buy 2 731 094 Zisson Alex Common Stock
Sep 09, 2021 Buy 490 531 Zisson Alex Common Stock
Sep 09, 2021 Buy 4 566 Dudley Robert E. Common Stock
Show all Insider Trades
INSIDER POWER

45.808

Last 10 transactions
Buy: 12 018 252 | Sell: 262 360 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.43 6.45 %
0.41 3.70 %
0.41 2.00 %
Current price: 0.40
Support 0.39 -3.50 %
0.38 -5.20 %
0.37 -7.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.47 17.53 %
0.46 15.63 %
0.45 12.50 %
Current price 0.40
Support 0 .
0 .
0 .

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