Springbig Holdings, Inc. Stock Forecast

Red day on Monday for Springbig Holdings, Inc. stock after losing 0%
(Updated on Jun 17, 2024)

SBIGW Signals & Forecast

The Springbig Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0068 and $0.0035. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 11, 2024 and based on theory for this formation the price should go up by 11.59% to $0.0077 within 4 trading days since signal was issued (Tuesday, June 18, 2024).

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

On the downside, the stock finds support just below today's level from accumulated volume at $0.0059. 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.

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 177.14%

Our recommended stop-loss: $0.0067 (-3.50%) (This stock has low daily movements and this gives low risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SBIGW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Springbig Holdings, Inc. to open at $0.0069, and during the day (based on 14 day Average True Range), to move between $0.0047 and $0.0091, which gives a possible trading interval of +/-$0.0022 (+/-31.18%) up or down from last closing price. If Springbig Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 62.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0073 (5.80%) than the support at $0.0059 (14.49%), 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 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 Springbig Holdings, Inc. of Tuesday, June 18, 2024

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