Breeze Holdings Acquisition Corp. Stock Forecast

High volatility in Breeze Holdings Acquisition Corp. stock price on Monday which ended trading at $1.16
(Updated on Apr 29, 2024)

BREZW 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 $1.15 and $0.90. A breakdown below any of these levels will issue sell signals. 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 Monday, April 01, 2024, and so far it has fallen -9.02%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Breeze Holdings Acquisition Corp. stock

Breeze Holdings Acquisition Corp. finds support from accumulated volume at $1.12 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 16.49%. For the last week the stock has had daily average volatility of 13.65%.

Our recommended stop-loss: $1.11 (-3.92%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (BREZW) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Breeze Holdings Acquisition Corp. to open at $1.13, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.33, which gives a possible trading interval of +/-$0.166 (+/-14.28%) 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 28.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.12 (3.45%) than the resistance at $1.21 (4.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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.

Current score: 3.355 Buy Candidate Unchanged

Predicted Opening Price for Breeze Holdings Acquisition Corp. of Tuesday, April 30, 2024

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