Bluesky Digital Assets Corp. Stock Forecast
Bluesky Digital Assets Corp. stock price ended at $0.0138 on Thursday, after losing 0%.
(Updated on May 09, 2024)
No changes to the price of Bluesky Digital Assets Corp. stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0138 to a day high of $0.0138. The price has fallen in 6 of the last 10 days and is down by -24.86% for this period.
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 -31.55% during the next 3 months and, with a 90% probability hold a price between $0.0082 and $0.0130 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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BTCWF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has fallen 0%. 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 Bluesky Digital Assets Corp. 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 $0.0138 and $0.0178. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bluesky Digital Assets Corp. stock
Bluesky Digital Assets Corp. finds support from accumulated volume at $0.0133 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.52%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTCWF) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Bluesky Digital Assets Corp. to open at $0.0138, and during the day (based on 14 day Average True Range), to move between $0.0113 and $0.0162, which gives a possible trading interval of +/-$0.0024 (+/-17.70%) up or down from last closing price. If Bluesky Digital Assets Corp. takes out the full calculated possible swing range there will be an estimated 35.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0133 (3.27%) than the resistance at $0.0145 (5.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bluesky Digital Assets Corp. stock A Buy?
Bluesky Digital Assets Corp. 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: -2.421 Sell Candidate Unchanged
Predicted Opening Price for Bluesky Digital Assets Corp. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.0138 ( 0%) | $0.0138 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTCWF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0138 | . | |
| R2 | 0.0138 | . | ||
| R1 | 0.0138 | . | ||
| Current price: | 0.0138 | |||
| Support | S1 | 0.0138 | . | |
| S2 | 0.0138 | . | ||
| S3 | 0.0138 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0148 | 7.64 % | |
| R2 | 0.0147 | 6.91 % | ||
| R1 | 0.0145 | 5.45 % | ||
| Current price | 0.0138 | |||
| Support | S1 | 0.0133 | -3.27% | |
| S2 | 0.0130 | -5.45% | ||
| S3 | 0 | . |
FAQ
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