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Bridgetown Holdings Limited Stock Forecast NASDAQ:BTWN

$9.87 (-0.45%)

Volume: 296k

Closed: Nov 26, 2021

Hollow Logo Score: -1.351

Bridgetown Holdings Limited Stock Forecast

$9.87 (-0.45%)

Volume: 296k

Closed: Nov 26, 2021

Score Hollow Logo -1.351
Which way will BTWN go? Request

BTWN 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 $0.0400 between high and low, or 0.41%. For the last week the stock has had a daily average volatility of 0.74%.

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: [ 25 - 85 ] RSI14 is 45 and the stock is currently not being overbought or oversold

Bridgetown Holdings Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Bridgetown Holdings Limited stock price fell by -0.45% on the last day (Friday, 26th Nov 2021) from $9.91 to $9.87. During the day the stock fluctuated 0.41% from a day low at $9.84 to a day high of $9.88. The price has fallen in 6 of the last 10 days and is down by -0.95% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -150 thousand shares and in total, 296 thousand shares were bought and sold for approximately $2.92 million.

The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $9.92 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

Signals & Forecast

There are few to no technical positive signals at the moment. The Bridgetown Holdings Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.93 and $9.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, October 27, 2021, and so far it has fallen -2.62%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, October 22, 2021 in the short-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

The stock had a Golden Star Signal on Friday, October 22, 2021 in the short-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

Bridgetown Holdings Limited finds support from accumulated volume at $9.85 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 $0.0400 between high and low, or 0.41%. For the last week the stock has had a daily average volatility of 0.74%.

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

Is Bridgetown Holdings Limited stock A Buy?

Bridgetown Holdings Limited holds several negative signals and is within a narrow 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 Hold/Accumulate to a Sell candidate.

Current score: -1.351

Predicted Opening Price for Bridgetown Holdings Limited of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$9.86 $9.87 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 0.74 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.74 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.97
Price: $9.87
Support: $9.85

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.90 0.37 %
9.89 0.22 %
9.88 0.12 %
Current price: 9.87
Support 9.85 -0.19 %
9.84 -0.28 %
9.82 -0.44 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.09 2.28 %
10.02 1.57 %
9.97 1.06 %
Current price 9.87
Support 9.85 -0.15%
9.83 -0.35%
9.81 -0.56%

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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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