Evening Stock Analysis

$SIDU $BBIG $HGEN Stock Market Recap 05/06/2022

$SIDU $BBIG $HGEN all made moves on 05/06/2022. Here is an analysis of the stock price action.
Published: 05/06/2022 4:23 pm
Updated: 05/06/2022 4:24 pm
#sidu #bbig #hgen #stocks #stock review #stock price analysis #stock market #investing
May 2022 | Money Placement

Below is an analysis of the stock price action for Sidus Space (SIDU), Vinco Ventures (BBIG), Humanigen (HGEN). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.

Sidus Space (SIDU)

SIDU made a huge move to the upside today but then followed it with a retracement. It traded mostly between the 2.90-3.20 range. Those will be the key levels to watch for on Monday for any continuation play.

Shares: 10-25milIndustry: AerospaceCatalyst: Positive Company NewsATR: 0.50 - 1.00Time Frame: 1 Minute
Breakout Level: 3.2Support: 2.9
SIDU Daily Chart

Vinco Ventures (BBIG)

BBIG gapped up today on positive news. It has a history of large volatile candles so definitely one to watch for on Monday as a continuation play. It traded mostly near VWAP between the 3.15-3.30 levels. Volume faded through the day but it still saw decent elevate volume on small break outs.

Shares: 100-500milIndustry: Leisure ProductsCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 Minute
Resistance: 3.9Breakout Level: 3.5Resistance: 3.3Breakdown Level: 3.15Support: 2.85
BBIG Daily Chart

Humanigen (HGEN)

HGEN has been in a bit of a down trend for the past few weeks. Today it saw a strong move to the upside due to better than expected earnings. It mostly traded between 2.12-2.28 and those are the key levels to watch. This positive earnings may lead to a break of the down trend and possible head towards the 2.70 level.

Shares: 50-100milIndustry: BiotechnologyCatalyst: Positive EarningsATR: 0.10 - 0.25Time Frame: Daily
Breakout Level: 4Resistance: 3.1Resistance: 2.7Breakout Level: 2.3Breakdown Level: 2.12Support: 2.04
HGEN Daily Chart

Recap

SIDUBBIGHGEN
Shares: 10-25milIndustry: AerospaceCatalyst: Positive Company NewsATR: 0.50 - 1.00Time Frame: 1 MinuteBreakout Level: 3.2Support: 2.9Shares: 100-500milIndustry: Leisure ProductsCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 MinuteResistance: 3.9Breakout Level: 3.5Resistance: 3.3Breakdown Level: 3.15Support: 2.85Shares: 50-100milIndustry: BiotechnologyCatalyst: Positive EarningsATR: 0.10 - 0.25Time Frame: DailyBreakout Level: 4Resistance: 3.1Resistance: 2.7Breakout Level: 2.3Breakdown Level: 2.12Support: 2.04