RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BMBL
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Tuesday for Bumble Inc.
(Updated on Jul 02, 2024)

Sell candidate since Jun 25, 2024 Loss -2.63% PDF

The Bumble Inc. stock price fell by -2.92% on the last day (Tuesday, 2nd Jul 2024) from $9.93 to $9.64. During the last trading day the stock fluctuated 5.15% from a day low at $9.52 to a day high of $10.01. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $29.88 million.

The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $10.15 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BMBL Signals & Forecast

There are few to no technical positive signals at the moment. The Bumble Inc. 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 $10.06 and $11.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -21.63%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Bumble Inc. stock

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 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 $0.490 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 4.59%.

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

Trading Expectations (BMBL) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Bumble Inc. to open at $9.72, and during the day (based on 14 day Average True Range), to move between $9.24 and $10.04, which gives a possible trading interval of +/-$0.403 (+/-4.18%) up or down from last closing price. If Bumble Inc. takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $10.27, some $0.630 (6.54%) from the current price of $9.64, our system finds the risk reward not very attractive.

Is Bumble Inc. stock A Buy?

Bumble Inc. holds several negative signals and is within a 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.

Current score: -4.942 Sell Candidate Unchanged

Predicted Opening Price for Bumble Inc. of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
$9.72 ( 0.86%) $9.64

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

Trading levels for BMBL

Fibonacci Support & Resistance Levels

Level Price
R3 10.21 5.95%
R2 10.03 4.00%
R1 9.91 2.81%
Price 9.64
S1 9.54 -1.08%
S2 9.42 -2.28%
S3 9.23 -4.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.45 18.78%
R2 10.92 13.28%
R1 10.27 6.54%
Price 9.64
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Bumble Inc. Stock and on which exchange is it traded?
The symbol for Bumble Inc. is BMBL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bumble Inc. Stock?
Bumble Inc. holds several negative signals and is within a 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.

How to buy Bumble Inc. Stock?
Bumble Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bumble Inc. Stock.

What's the current price of Bumble Inc. Stock?
As of the end of day on the Jul 02, 2024, the price of an Bumble Inc. (BMBL) share was $9.64.

What is the 52-week high and low for Bumble Inc. Stock?
The 52-week high for Bumble Inc. Stock is $21.06 and the 52-week low is $9.52.

What is the market capitalization of Bumble Inc. Stock?
As of the Jul 02, 2024, the market capitalization of Bumble Inc. is 1.253B.

When is the next earnings date for Bumble Inc.?
The upcoming earnings date for Bumble Inc. is Aug 13, 2024.
Click to get the best stock tips daily for free!

About Bumble Inc.

Bumble. Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app. Bumble Inc. was founded in 2014 in and is headquartered in Austin, Texas.... BMBL Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT