Build-A-Bear Workshop Inc Stock Forecast

Red day on Tuesday for Build-A-Bear Workshop Inc stock after losing 0.290%
(Updated on Apr 16, 2024)

BBW Signals & Forecast

The Build-A-Bear Workshop Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $28.13. On a fall, the stock will find some support from the long-term average at approximately $27.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, March 15, 2024, and so far it has fallen -8.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 for Build-A-Bear Workshop Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $25.00 and $22.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Build-A-Bear Workshop Inc finds support just below today's level at $25.00. If this is broken, then the next support from accumulated volume will be at $22.83 and $21.92.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.380 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.

Build-A-Bear Workshop Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $26.21 (-4.68%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (BBW) For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday, 17th we expect Build-A-Bear Workshop Inc to open at $27.60, and during the day (based on 14 day Average True Range), to move between $26.80 and $28.20, which gives a possible trading interval of +/-$0.700 (+/-2.55%) up or down from last closing price. If Build-A-Bear Workshop Inc takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.93 (5.20%) than the support at $25.00 (9.09%), 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 Build-A-Bear Workshop Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Build-A-Bear Workshop Inc stock to perform well in the short-term.

Current score: 1.309 Buy Candidate Unchanged

Predicted Opening Price for Build-A-Bear Workshop Inc of Wednesday, April 17, 2024

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