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B. Riley Principal 150 Merger Corp. Stock Forecast NYSE:BRPM

$10.32 (0.78%)

Volume: 151k

Closed: Dec 08, 2021

Hollow Logo Score: -2.219

B. Riley Principal 150 Merger Corp. Stock Forecast

$10.32 (0.78%)

Volume: 151k

Closed: Dec 08, 2021

Score Hollow Logo -2.219
Which way will BRPM go? Request

BRPM Stock Risk

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.15 between high and low, or 1.47%. For the last week the stock has had a daily average volatility of 1.68%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

B. Riley Principal 150 Merger Corp. stock downgraded to Sell Candidate
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The B. Riley Principal 150 Merger Corp. stock price gained 0.78% on the last trading day (Wednesday, 8th Dec 2021), rising from $10.24 to $10.32. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.47% from a day low at $10.23 to a day high of $10.38. The price has fallen in 5 of the last 10 days and is down by -1.15% for this period. Volume fell on the last day by -681 thousand shares and in total, 151 thousand shares were bought and sold for approximately $1.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.75% during the next 3 months and, with a 90% probability hold a price between $11.10 and $12.95 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The B. Riley Principal 150 Merger Corp. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $10.41. On a fall, the stock will find some support from the short-term average at $10.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, September 28, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, September 28, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

B. Riley Principal 150 Merger Corp. finds support from accumulated volume at $10.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.15 between high and low, or 1.47%. For the last week the stock has had a daily average volatility of 1.68%.

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

Is B. Riley Principal 150 Merger Corp. stock A Buy?

B. Riley Principal 150 Merger Corp. holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

Current score: -2.219

Predicted Opening Price for B. Riley Principal 150 Merger Corp. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$10.31 $10.32 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 1.68 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.68 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.84
Price: $10.32
Support: $10.30

BRPM Insider Trading Show all Trades

INSIDER POWER

Last 1 transactions
Buy: 520 000 | Sell: 0 (Shares)
Date Action Amount Person Type
Feb 23, 2021 Buy 520 000 B. Riley Financial, Inc. Class A Common Stock
Show all Insider Trades
INSIDER POWER

Last 1 transactions
Buy: 520 000 | Sell: 0 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.46 1.36 %
10.40 0.80 %
10.37 0.46 %
Current price: 10.32
Support 10.25 -0.65 %
10.22 -0.99 %
10.16 -1.55 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.45 10.95 %
11.19 8.43 %
10.84 5.04 %
Current price 10.32
Support 10.30 -0.19%
10.24 -0.78%
10.15 -1.65%

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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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