Bigtincan Holdings Limited Stock Forecast
Evaluation of Bigtincan Holdings Limited stock downgraded after the last trading session.
(Updated on May 22, 2024)
No changes to the price of Bigtincan Holdings Limited stock on the last trading day (Wednesday, 22nd May 2024). During the last trading day the stock fluctuated 5.63% from a day low at $0.142 to a day high of $0.150. The price has fallen in 4 of the last 10 days and is down by -3.23% 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 -22.39% during the next 3 months and, with a 90% probability hold a price between $0.0881 and $0.145 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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BTH.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found. 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. The Bigtincan Holdings Limited 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 $0.152. On a fall, the stock will find some support from the short-term average at $0.148. 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. 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 Bigtincan Holdings Limited stock
Bigtincan Holdings Limited finds support from accumulated volume at $0.145 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0080 between high and low, or 5.63%. For the last week the stock has had daily average volatility of 6.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTH.AX) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Bigtincan Holdings Limited to open at $0.147, and during the day (based on 14 day Average True Range), to move between $0.140 and $0.160, which gives a possible trading interval of +/-$0.0098 (+/-6.50%) up or down from last closing price. If Bigtincan Holdings Limited takes out the full calculated possible swing range there will be an estimated 13.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.155 (3.33%) than the support at $0.145 (3.33%), 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 Bigtincan Holdings Limited stock A Buy?
Bigtincan Holdings Limited 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: -3.002 Sell Candidate Downgraded
Predicted Opening Price for Bigtincan Holdings Limited of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.147 ( 1.78%) | $0.150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.155 | 3.56 % | |
| R2 | 0.152 | 1.52 % | ||
| R1 | 0.150 | 0.260 % | ||
| Current price: | 0.150 | |||
| Support | S1 | 0.144 | -3.82 % | |
| S2 | 0.142 | -5.07 % | ||
| S3 | 0.139 | -7.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.175 | 16.67 % | |
| R2 | 0.160 | 6.67 % | ||
| R1 | 0.155 | 3.33 % | ||
| Current price | 0.150 | |||
| Support | S1 | 0.145 | -3.33% | |
| S2 | 0.140 | -6.67% | ||
| S3 | 0 | . |
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