Micro Float Analysis 09/24/24

Banzai International (BNZI)

Software – Washington USA

Banzai Announces $5 Million Private Placement Priced At-The-Market Under Nasdaq Rules. Recent gap up and today seems to be a follow up news & technical squeeze catalyst. Closed under VWAP and faded in AH. 7 & 8 are key levels to watch for a fade or continuation.

STOCK – Short Float %: 4.41
STOCK – ATR: 1.44
STOCK – In Play Catalyst: Positive News
STOCK – RSI daily: 66.276
STOCK – Resistance: 8, 8.50, 9
STOCK – Support: 7.15, 7, 6.5

Heart Test Laborstories (HSCS)

Healthcare Equipment – Texas USA

Big break of down trend after Ascendiant Capital reiterates buy. Broke 5 in premarket but then broke down VWAP and never reclaimed. Spent most of the day consolidating near 4. Huge volume today so likely to see more volatility in the next few days.

STOCK – ATR: 0.40
STOCK – In Play Catalyst: Analyst Upgrade
STOCK – RSI daily: 67.08
STOCK – Resistance: 4.3, 4.9, 6.75
STOCK – Short Float %: 4.90
STOCK – Support: 4, 3.65
STOCK – 50 Day Volume Average (mil): 0.428
STOCK – Today’s Current Volume (mil): 17.307

Kaival Brands (KAVL)

Distributors – Florida USA

Huge volume yesterday and big upward price action. Today mostly consolidated near 1.15. Will likely be more volatilty in the next few days given how big yesterday’s volume. 1 & 1.35 are the levels to watch.

STOCK – 50 Day Volume Average (mil): 3.987
STOCK – ATR: 0.17
STOCK – In Play Catalyst: Continuation
STOCK – RSI daily: 64.16
STOCK – Resistance: 1.4, 1.6, 1.75
STOCK – Short Float %: 1.64
STOCK – Support: 1.15, 1
STOCK – Today’s Current Volume (mil): 6.555

VS Media Holdings (VSME)

Information Technology – Hong Kong

Thinly trade today but gapping up. Bigger move in after hours. Possibly trending with Chinese stocks. 1.5 & 2 are the levels to watch.

STOCK – 50 Day Volume Average (mil): 1.486
STOCK – ATR: 0.15
STOCK – In Play Catalyst: Technical Breakout
STOCK – RSI daily: 64.27
STOCK – Resistance: 1.9, 2, 2.1
STOCK – Short Float %: 0.22
STOCK – Support: 1.5, 1.25
STOCK – Today’s Current Volume (mil): 5.407

Treasure Global Inc (TGL)

Media – New York USA

Recent big volume gap up so averages are skewed. Consolidating near 1 today.

STOCK – 50 Day Volume Average (mil): 4.733
STOCK – ATR: 0.17
STOCK – In Play Catalyst: Analyst Downgrade
STOCK – RSI daily: 59.08
STOCK – Resistance: 1.05, 1.15, 1.2
STOCK – Short Float %: 1.76
STOCK – Support: 1.00, 0.95
STOCK – Today’s Current Volume (mil): 2.980

Motorsport Games (MSGM)

Entertainment – Florida USA

Released the September Update for “Le Mans Ultimate”, the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. Gap up in AH, will likely see volatility tomorrow.

STOCK – 50 Day Volume Average (mil): 0.578
STOCK – ATR: 0.12
STOCK – In Play Catalyst: Positive News
STOCK – RSI daily: 36.86
STOCK – Resistance: 1.5, 1.64
STOCK – Short Float %: 1.21
STOCK – Support: 1.35, 1.25
STOCK – Today’s Current Volume (mil): 2.858

Mullen Automotive (MULN)

Automobiles – California USA

Sell off continues after stock split and CEO update

STOCK – 50 Day Volume Average (mil): 0.622
STOCK – ATR: 5.88
STOCK – In Play Catalyst: Continuation
STOCK – RSI daily: 18.61
STOCK – Resistance: 5.4, 6, 6.5
STOCK – Short Float %: 7.03
STOCK – Support: 5
STOCK – Today’s Current Volume (mil): 2.235