Bitcoin Depot Inc. Stock Forecast
Red day on Friday for Bitcoin Depot Inc.
(Updated on Jun 28, 2024)
The Bitcoin Depot Inc. stock price fell by -0.552% on the last day (Friday, 28th Jun 2024) from $1.81 to $1.80. During the last trading day the stock fluctuated 2.84% from a day low at $1.76 to a day high of $1.81. The price has risen in 4 of the last 10 days but is still down by -6.25% for this period. Volume has increased on the last day by 33 thousand 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, 65 thousand shares were bought and sold for approximately $116.77 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between $1.54 and $2.26 at the end of this 3-month period.
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BTM Signals & Forecast
There are few to no technical positive signals at the moment. The Bitcoin Depot Inc. 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 $1.88. On a fall, the stock will find some support from the short-term average at $1.73. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.552%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bitcoin Depot Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Bitcoin Depot Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.71 and $1.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bitcoin Depot Inc. finds support just below today's level at $1.71. If this is broken, then the next support from accumulated volume will be at $1.59 and $1.45.
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 $0.0500 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bitcoin Depot Inc. to open at $1.79, and during the day (based on 14 day Average True Range), to move between $1.68 and $1.92, which gives a possible trading interval of +/-$0.122 (+/-6.81%) up or down from last closing price. If Bitcoin Depot Inc. takes out the full calculated possible swing range there will be an estimated 13.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.89 (5.00%) than the support at $1.71 (5.00%), 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 Bitcoin Depot Inc. stock A Buy?
The Bitcoin Depot Inc. stock holds several negative signals and despite the positive trend, we believe Bitcoin Depot Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.050 Sell Candidate Unchanged
Predicted Opening Price for Bitcoin Depot Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.79 ( 0.556%) | $1.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.84 | 2.22% |
| R2 | 1.82 | 1.16% |
| R1 | 1.81 | 0.506% |
| Price | 1.80 | |
| S1 | 1.77 | -1.62% |
| S2 | 1.76 | -2.27% |
| S3 | 1.74 | -3.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.06 | 14.44% |
| R2 | 1.90 | 5.56% |
| R1 | 1.89 | 5.00% |
| Price | 1.80 | |
| S1 | 1.71 | -5.00% |
| S2 | 1.59 | -11.67% |
| S3 | 1.45 | -19.44% |
BTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2012 | Mar 30, 2012 | Apr 19, 2012 | $4.20 | 0% |
| 2 | Apr 28, 2011 | Apr 28, 2011 | May 20, 2011 | $0.530 | 0% |
| 3 | Dec 30, 2008 | Dec 30, 2008 | Aug 17, 2009 | $0.200 | 0% |
FAQ
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