Bullet Blockchain, Inc. Stock Forecast

Red day on Friday for Bullet Blockchain, Inc.
(Updated on Jun 28, 2024)

BULT Signals & Forecast

The Bullet Blockchain, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0676. On a fall, the stock will find some support from the long-term average at approximately $0.0641. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bullet Blockchain, Inc. stock

Bullet Blockchain, Inc. finds support from accumulated volume at $0.0631 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.0612 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (BULT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bullet Blockchain, Inc. to open at $0.0650, and during the day (based on 14 day Average True Range), to move between $0.0555 and $0.0745, which gives a possible trading interval of +/-$0.0095 (+/-14.65%) up or down from last closing price. If Bullet Blockchain, Inc. takes out the full calculated possible swing range there will be an estimated 29.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0631 (2.92%) than the resistance at $0.0676 (4.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bullet Blockchain, Inc. stock A Buy?

Bullet Blockchain, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bullet Blockchain, Inc. of Monday, July 1, 2024

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