BOTS, Inc. Stock Forecast
High volatility in BOTS, Inc. stock price on Friday which ended trading at $0.0035
(Updated on May 03, 2024)
The BOTS, Inc. stock price fell by -5.41% on the last day (Friday, 3rd May 2024) from $0.0037 to $0.0035. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 34.29% from a day low at $0.0035 to a day high of $0.0047. The price has fallen in 4 of the last 10 days and is down by -5.41% for this period. Volume has increased on the last day by 213 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, 278 thousand shares were bought and sold for approximately $973.08 .
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 -24.41% during the next 3 months and, with a 90% probability hold a price between $0.0020 and $0.0036 at the end of this 3-month period.
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BTZI Signals & Forecast
There are few to no technical positive signals at the moment. The BOTS, Inc. 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 $0.0039 and $0.0039. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -27.08%. 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). BOTS, 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 05, 2024 and based on theory for this formation the price should fall by -39.43% to $0.0021 within 5 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for BOTS, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0032. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0012 between high and low, or 34.29%. For the last week, the stock has had daily average volatility of 29.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTZI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BOTS, Inc. to open at $0.0039, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0045, which gives a possible trading interval of +/-$0.0010 (+/-29.85%) up or down from last closing price. If BOTS, Inc. takes out the full calculated possible swing range there will be an estimated 59.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0037 (5.71%) than the support at $0.0032 (8.57%), 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 BOTS, Inc. stock A Buy?
BOTS, Inc. 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: -7.203 Strong Sell Candidate Downgraded
Predicted Opening Price for BOTS, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0039 ( 11.43%) | $0.0035 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTZI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0051 | 45.71 % | |
| R2 | 0.0046 | 32.62 % | ||
| R1 | 0.0044 | 24.53 % | ||
| Current price: | 0.0035 | |||
| Support | S1 | 0.0034 | -1.67 % | |
| S2 | 0.0032 | -9.76 % | ||
| S3 | 0.0027 | -22.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0040 | 14.29 % | |
| R2 | 0.0038 | 8.57 % | ||
| R1 | 0.0037 | 5.71 % | ||
| Current price | 0.0035 | |||
| Support | S1 | 0.0032 | -8.57% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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