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Brand Engagement Network, Inc. Stock Forecast

$0.0360
-0.0160 (-30.77%)
At Close: Jun 24, 2024
RSI low/high Values: [ 25 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BNAIW
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Big movements in Brand Engagement Network, Inc. stock price on Monday moving 45.00% between high and low
(Updated on Jun 24, 2024)

Hold candidate since Jun 24, 2024 PDF

The Brand Engagement Network, Inc. stock price fell by -30.77% on the last day (Monday, 24th Jun 2024) from $0.0520 to $0.0360. During the last trading day the stock fluctuated 45.00% from a day low at $0.0360 to a day high of $0.0522. The price has fallen in 5 of the last 10 days and is down by -63.96% for this period. Volume has increased on the last day by 84 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, 84 thousand shares were bought and sold for approximately $3.01 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0290 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.62% during the next 3 months and, with a 90% probability hold a price between $0.0210 and $0.0835 at the end of this 3-month period.

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BNAIW Signals & Forecast

There are few to no technical positive signals at the moment. The Brand Engagement Network, 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 $0.0794 and $0.0883. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -69.75%. 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). Brand Engagement Network, 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 Brand Engagement Network, 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 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 $0.0162 between high and low, or 45.00%. For the last week, the stock has had daily average volatility of 18.04%.

Our recommended stop-loss: $0.0341 (-5.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BNAIW) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Brand Engagement Network, Inc. to open at $0.0414, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0702, which gives a possible trading interval of +/-$0.0342 (+/-94.99%) up or down from last closing price. If Brand Engagement Network, Inc. takes out the full calculated possible swing range there will be an estimated 189.98% move between the lowest and the highest trading price during the day.

Is Brand Engagement Network, Inc. stock A Buy?

Brand Engagement Network, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Brand Engagement Network, Inc. of Tuesday, June 25, 2024

Fair opening price June 25, 2024 Current price
$0.0414 ( 15.00%) $0.0360

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

Trading levels for BNAIW

Fibonacci Support & Resistance Levels

Level Price
R3 0.0576 60.00%
R2 0.0514 42.81%
R1 0.0476 32.19%
Price 0.0360
S1 0.0352 -2.19%
S2 0.0314 -12.81%
S3 0.0252 -30.00%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 0.0360
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Brand Engagement Network, Inc. Stock and on which exchange is it traded?
The symbol for Brand Engagement Network, Inc. is BNAIW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Brand Engagement Network, Inc. Stock?
Brand Engagement Network, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Brand Engagement Network, Inc. Stock?
Brand Engagement Network, 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 Brand Engagement Network, Inc. Stock.

What's the current price of Brand Engagement Network, Inc. Stock?
As of the end of day on the Jun 24, 2024, the price of an Brand Engagement Network, Inc. (BNAIW) share was $0.0360.

What is the 52-week high and low for Brand Engagement Network, Inc. Stock?
The 52-week high for Brand Engagement Network, Inc. Stock is $0.250 and the 52-week low is $0.0360.

What is the market capitalization of Brand Engagement Network, Inc. Stock?
As of the Jun 24, 2024, the market capitalization of Brand Engagement Network, Inc. is 2.131M.
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