BrainChip Holdings Ltd Stock Forecast

Volatile ride for BrainChip Holdings Ltd stock price on Thursday moving between $0.170 and $0.190
(Updated on May 16, 2024)

BRCHF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.73%. 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 BrainChip Holdings Ltd 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 $0.182 and $0.204. A break-up above any of these levels will issue buy signals. BrainChip Holdings Ltd 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 BrainChip Holdings Ltd stock

BrainChip Holdings Ltd finds support from accumulated volume at $0.171 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 9.72%.

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

Trading Expectations (BRCHF) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect BrainChip Holdings Ltd to open at $0.178, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.198, which gives a possible trading interval of +/-$0.0247 (+/-14.22%) up or down from last closing price. If BrainChip Holdings Ltd takes out the full calculated possible swing range there will be an estimated 28.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.171 (1.70%) than the resistance at $0.190 (9.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BrainChip Holdings Ltd stock A Buy?

BrainChip Holdings Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.130 Strong Sell Candidate Downgraded

Predicted Opening Price for BrainChip Holdings Ltd of Friday, May 17, 2024

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