#bkktstock #bakktholdingsstock #bakktstockforecast
(Updated on Feb 02, 2022)
High volatility in Bakkt Holdings, Inc. stock price on Wednesday which ended trading at $4.15
The Bakkt Holdings, Inc. stock price fell by -9.98% on the last day (Wednesday, 2nd Feb 2022) from $4.61 to $4.15. During the day the stock fluctuated 10.24% from a day low at $4.10 to a day high of $4.52. The price has fallen in 6 of the last 10 days and is down by -16.67% 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 -5 million shares and in total, 5 million shares were bought and sold for approximately $20.12 million.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, January 27, 2022, and so far it has risen 21.70%. Further rise is indicated until a new top pivot has been found. 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. The Bakkt Holdings, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $6.96. On a fall, the stock will find some support from the short-term average at $4.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
Bakkt Holdings, Inc. finds support from accumulated volume at $4.11 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 $0.42 between high and low, or 10.24%. For the last week, the stock has had a daily average volatility of 14.61%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Bakkt Holdings, Inc. stock A Buy?
Bakkt Holdings, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.063
Insiders are neutral buying more shares than they are selling in Bakkt Holdings, Inc.
In the last 48 trades there were 23.49 million shares bought and 19.96 million shares sold. The last trade was done 13 days ago by Zemlin Sheela who bough 200 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Bakkt Holdings, Inc. of Thursday, February 3, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
Fair opening price February 3, 2022
$4.26
THANKS FOR WATCHING.....
Информация по комментариям в разработке