BCSA Stock Summary and Trading Ideas (Blockchain Coinvestors Acquisition Corp. I - Class A | NASDAQ:BCSA)

Blockchain Coinvestors Acquisition Corp I is a blank check company.

Blockchain Coinvestors Acquisition Corp. I - Class A trades on the NASDAQ stock market under the symbol BCSA.

As of April 24, 2024, BCSA stock price climbed to $11.14 with 21,006 million shares trading.

BCSA has a beta of 0.05, meaning it tends to be less sensitive to market movements. BCSA has a correlation of 0.01 to the broad based SPY ETF.

BCSA has a market cap of $149.65 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that BCSA belongs to (by Net Assets): SPCX.

BCSA has underperformed the market in the last year with a return of +7.5%, while the SPY ETF gained +24.2%. In the last 3 month period, BCSA fell short of the market, returning +1.6%, while SPY returned +4.6%. However, in the most recent 2 weeks BCSA has outperformed the stock market by returning -0.4%, while SPY returned -2.7%.

BCSA support price is $11.09 and resistance is $11.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BCSA stock will trade within this expected range on the day.