Springbig Holdings, Inc. Stock Forecast

Springbig Holdings, Inc. stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)

SBIG Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.138%. 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 Springbig Holdings, Inc. 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 $0.154 and $0.153. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, April 04, 2024 and based on theory for this formation the price should go up by 24.73% to $0.181 within 3 trading days since signal was issued (Tuesday, April 09, 2024).

Support, Risk & Stop-loss for Springbig Holdings, Inc. stock

Springbig Holdings, Inc. finds support from accumulated volume at $0.140 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 6.83%

Our recommended stop-loss: $0.136 (-6.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (SBIG) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Springbig Holdings, Inc. to open at $0.145, and during the day (based on 14 day Average True Range), to move between $0.132 and $0.159, which gives a possible trading interval of +/-$0.0138 (+/-9.47%) up or down from last closing price. If Springbig Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 18.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.150 (3.23%) than the support at $0.140 (3.58%), 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 Springbig Holdings, Inc. stock A Buy?

Springbig Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.876 Hold/Accumulate Upgraded

Predicted Opening Price for Springbig Holdings, Inc. of Friday, June 21, 2024

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