BrewBilt Brewing Company Stock Forecast
Weaker technical forecast for BrewBilt Brewing Company as stock downgraded to Hold/Accumulate.
(Updated on May 31, 2024)
No changes to the price of BrewBilt Brewing Company stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0001 to a day high of $0.0001. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.48% during the next 3 months and, with a 90% probability hold a price between $0.00002114 and $0.0002 at the end of this 3-month period.
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BRBL Signals & Forecast
The BrewBilt Brewing Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0001 and $0.00009149. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BrewBilt Brewing Company 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 3,960.00%
Our recommended stop-loss: $0.000096 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BRBL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect BrewBilt Brewing Company to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00005862 and $0.0001, which gives a possible trading interval of +/-$0.00004138 (+/-41.38%) up or down from last closing price. If BrewBilt Brewing Company takes out the full calculated possible swing range there will be an estimated 82.77% move between the lowest and the highest trading price during the day.
Is BrewBilt Brewing Company stock A Buy?
BrewBilt Brewing Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 BrewBilt Brewing Company of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$0.0001 ( 0%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRBL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0001 | . | |
R2 | 0.0001 | . | ||
R1 | 0.0001 | . | ||
Current price: | 0.0001 | |||
Support | S1 | 0.0001 | . | |
S2 | 0.0001 | . | ||
S3 | 0.0001 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0001 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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