BrainChip Holdings Limited Stock Forecast
BrainChip Holdings Limited stock price ended at $0.260 on Thursday, after losing 1.89%.
(Updated on May 16, 2024)
The BrainChip Holdings Limited stock price fell by -1.89% on the last day (Thursday, 16th May 2024) from $0.265 to $0.260. During the last trading day the stock fluctuated 5.77% from a day low at $0.260 to a day high of $0.275. The price has been going up and down for this period, and there has been a 4% gain for the last 2 weeks. Volume has increased on the last day by 3 million 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, 7 million shares were bought and sold for approximately $1.75 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -29.29% during the next 3 months and, with a 90% probability hold a price between $0.133 and $0.251 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRN.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 6.12%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BrainChip Holdings Limited 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 $0.269 and $0.306. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BrainChip Holdings Limited stock
BrainChip Holdings Limited finds support from accumulated volume at $0.250 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 $0.0150 between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRN.AX) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect BrainChip Holdings Limited to open at $0.265, and during the day (based on 14 day Average True Range), to move between $0.239 and $0.281, which gives a possible trading interval of +/-$0.0214 (+/-8.23%) up or down from last closing price. If BrainChip Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.270 (3.85%) than the support at $0.250 (3.85%), 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 BrainChip Holdings Limited stock A Buy?
BrainChip Holdings Limited 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: -4.803 Sell Candidate Unchanged
Predicted Opening Price for BrainChip Holdings Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.265 ( 1.92%) | $0.260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRN.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 7.69 % | |
| R2 | 0.274 | 5.49 % | ||
| R1 | 0.271 | 4.13 % | ||
| Current price: | 0.260 | |||
| Support | S1 | 0.259 | -0.281 % | |
| S2 | 0.256 | -1.64 % | ||
| S3 | 0.250 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.320 | 23.08 % | |
| R2 | 0.310 | 19.23 % | ||
| R1 | 0.270 | 3.85 % | ||
| Current price | 0.260 | |||
| Support | S1 | 0.250 | -3.85% | |
| S2 | 0.245 | -5.77% | ||
| S3 | 0 | . |
FAQ
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