Bigtincan Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Bigtincan Holdings Limited stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of Bigtincan Holdings Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 5.00% from a day low at $0.100 to a day high of $0.105. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0991 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.71% during the next 3 months and, with a 90% probability hold a price between $0.0835 and $0.130 at the end of this 3-month period.
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BTH.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 5.00%. 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 Bigtincan 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 $0.124 and $0.144. 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 Bigtincan Holdings Limited stock
Bigtincan Holdings Limited finds support from accumulated volume at $0.100 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 $0.0050 between high and low, or 5.00%. For the last week the stock has had daily average volatility of 7.71%.
Bigtincan Holdings Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect Bigtincan Holdings Limited to open at $0.103, and during the day (based on 14 day Average True Range), to move between $0.0951 and $0.115, which gives a possible trading interval of +/-$0.0099 (+/-9.48%) up or down from last closing price. If Bigtincan Holdings Limited takes out the full calculated possible swing range there will be an estimated 18.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.100, some $0.0050 (4.76%) from the current price of $0.105, our system finds the risk reward attractive.
Is Bigtincan Holdings Limited stock A Buy?
Bigtincan 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.723 Strong Sell Candidate Downgraded
Predicted Opening Price for Bigtincan Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.103 ( 1.59%) | $0.105 |
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 | |
|---|---|---|
| R3 | 0.108 | 3.17% |
| R2 | 0.106 | 1.36% |
| R1 | 0.105 | 0.232% |
| Price | 0.105 | |
| S1 | 0.101 | -3.41% |
| S2 | 0.100 | -4.53% |
| S3 | 0.0983 | -6.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.105 | |
| S1 | 0.100 | -4.76% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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