Bannix Acquisition Corp. Stock Forecast
Bannix Acquisition Corp. stock price up 0.0715% on Thursday
(Updated on Jun 20, 2024)
The Bannix Acquisition Corp. stock price gained 0.0715% on the last trading day (Thursday, 20th Jun 2024), rising from $0.140 to $0.140. During the last trading day the stock fluctuated 0% from a day low at $0.140 to a day high of $0.140. The price has been going up and down for this period, and there has been a -36.36% loss for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 1 thousand shares were bought and sold for approximately $154.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.125 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bannix Acquisition Corp. stock with a 90% probability to be traded between $0.126 and $0.269 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BNIXR Signals & Forecast
There are few to no technical positive signals at the moment. The Bannix 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 $0.159 and $0.198. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -47.82%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bannix Acquisition Corp. stock
Bannix Acquisition Corp. finds support from accumulated volume at $0.140 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 17.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNIXR) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Bannix Acquisition Corp. to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.104 and $0.176, which gives a possible trading interval of +/-$0.0364 (+/-25.97%) up or down from last closing price. If Bannix Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 51.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.140 (0.07%) than the resistance at $0.149 (6.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bannix Acquisition Corp. stock A Buy?
Bannix 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.
Current score: -4.363 Sell Candidate Unchanged
Predicted Opening Price for Bannix Acquisition Corp. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.140 ( 0%) | $0.140 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNIXR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.140 | - |
| R2 | 0.140 | - |
| R1 | 0.140 | - |
| Price | 0.140 | |
| S1 | 0.140 | - |
| S2 | 0.140 | - |
| S3 | 0.140 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.170 | 21.43% |
| R2 | 0.150 | 7.14% |
| R1 | 0.149 | 6.29% |
| Price | 0.140 | |
| S1 | 0.140 | -0.0714% |
| S2 | 0.129 | -8.00% |
| S3 | 0.125 | -10.71% |
BNIXR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 150.00% |
FAQ
Click here for our free guide on how to buy Bannix Acquisition Corp. Stock.
