Branchout Food Inc. Stock Forecast

Big movements in Branchout Food Inc. stock price on Friday moving 12.23% between high and low
(Updated on Jun 21, 2024)

BOF Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 5.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Branchout Food 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 $1.48 and $1.69. A break-up above any of these levels will issue buy signals. Branchout Food 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 Branchout Food Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.35 and $1.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Branchout Food Inc. finds support just below today's level at $1.35. If this is broken, then the next support from accumulated volume will be at $1.32 and $1.17.

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 $0.170 between high and low, or 12.23%. For the last week, the stock has had daily average volatility of 10.02%.

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

Trading Expectations (BOF) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Branchout Food Inc. to open at $1.46, and during the day (based on 14 day Average True Range), to move between $1.27 and $1.59, which gives a possible trading interval of +/-$0.164 (+/-11.49%) up or down from last closing price. If Branchout Food Inc. takes out the full calculated possible swing range there will be an estimated 22.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.35 (5.59%) than the resistance at $1.52 (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 Branchout Food Inc. stock A Buy?

Branchout Food Inc. 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: -3.513 Sell Candidate Unchanged

Predicted Opening Price for Branchout Food Inc. of Monday, June 24, 2024

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