Breeze Holdings Acquisition Corp. Stock Forecast
High volatility in Breeze Holdings Acquisition Corp. stock price on Thursday which ended trading at $0.190
(Updated on Mar 28, 2024)
The Breeze Holdings Acquisition Corp. stock price fell by -9.48% on the last day (Thursday, 28th Mar 2024) from $0.210 to $0.190. During the last trading day the stock fluctuated 26.32% from a day low at $0.190 to a day high of $0.240. The price has risen in 7 of the last 10 days and is up by 46.15% over the past 2 weeks. Volume has increased on the last day by 112 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, 226 thousand shares were bought and sold for approximately $42.99 thousand.
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 119.67% during the next 3 months and, with a 90% probability hold a price between $0.310 and $0.465 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BREZR Signals & Forecast
The Breeze Holdings Acquisition Corp. 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 $0.178 and $0.158. 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 Wednesday, March 27, 2024, and so far it has fallen -9.48%. Further fall is indicated until a new bottom pivot has been found. Breeze Holdings Acquisition Corp. 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 Breeze Holdings Acquisition Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.180 and $0.158. 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, Breeze Holdings Acquisition Corp. finds support just below today's level at $0.180. If this is broken, then the next support from accumulated volume will be at $0.158 and $0.150.
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 $0.0500 between high and low, or 26.32%. For the last week, the stock has had daily average volatility of 17.65%.
Our recommended stop-loss: $0.181 (-4.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BREZR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Breeze Holdings Acquisition Corp. to open at $0.207, and during the day (based on 14 day Average True Range), to move between $0.155 and $0.225, which gives a possible trading interval of +/-$0.0347 (+/-18.26%) up or down from last closing price. If Breeze Holdings Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 36.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.195 (2.58%) than the support at $0.180 (5.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Breeze Holdings Acquisition Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Breeze Holdings Acquisition Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.002 Buy Candidate Downgraded
Predicted Opening Price for Breeze Holdings Acquisition Corp. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.207 ( 8.77%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BREZR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.257 | 35.09 % | |
R2 | 0.238 | 25.04 % | ||
R1 | 0.226 | 18.82 % | ||
Current price: | 0.190 | |||
Support | S1 | 0.188 | -1.28 % | |
S2 | 0.176 | -7.49 % | ||
S3 | 0.157 | -17.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.210 | 10.47 % | ||
R1 | 0.195 | 2.58 % | ||
Current price | 0.190 | |||
Support | S1 | 0.180 | -5.26% | |
S2 | 0.158 | -16.89% | ||
S3 | 0.150 | -21.05% |
BREZR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 230.96% |
FAQ
Click here for our free guide on how to buy Breeze Holdings Acquisition Corp. Stock.