Barnes & Noble Education Inc Stock Forecast
High volatility in Barnes & Noble Education Inc stock price on Thursday which ended trading at $0.724
(Updated on Mar 28, 2024)
The Barnes & Noble Education Inc stock price gained 4.76% on the last trading day (Thursday, 28th Mar 2024), rising from $0.691 to $0.724. During the last trading day the stock fluctuated 10.63% from a day low at $0.671 to a day high of $0.742. The price has been going up and down for this period, and there has been a 18.51% gain for the last 2 weeks. Volume fell on the last day by -541 thousand shares and in total, 597 thousand shares were bought and sold for approximately $432.08 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Given the current short-term trend, the stock is expected to fall -35.97% during the next 3 months and, with a 90% probability hold a price between $0.273 and $0.95 at the end of this 3-month period.
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BNED Signals & Forecast
There are mixed signals in the stock today. The Barnes & Noble Education 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 $0.771. On a fall, the stock will find some support from the short-term average at $0.642. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 38.87%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Barnes & Noble Education Inc stock
Barnes & Noble Education Inc finds support from accumulated volume at $0.691 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0713 between high and low, or 10.63%. For the last week the stock has had daily average volatility of 9.14%.
Our recommended stop-loss: $0.697 (-3.76%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BNED) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Barnes & Noble Education Inc to open at $0.712, and during the day (based on 14 day Average True Range), to move between $0.643 and $0.80, which gives a possible trading interval of +/-$0.0808 (+/-11.16%) up or down from last closing price. If Barnes & Noble Education Inc takes out the full calculated possible swing range there will be an estimated 22.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.691 (4.54%) than the resistance at $0.760 (4.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barnes & Noble Education Inc stock A Buy?
Barnes & Noble Education Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.306 Hold/Accumulate Unchanged
Predicted Opening Price for Barnes & Noble Education Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.712 ( 1.64%) | $0.724 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNED
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.784 | 8.20 % | |
R2 | 0.756 | 4.44 % | ||
R1 | 0.740 | 2.12 % | ||
Current price: | 0.724 | |||
Support | S1 | 0.685 | -5.40 % | |
S2 | 0.668 | -7.73 % | ||
S3 | 0.641 | -11.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.87 | 20.73 % | |
R2 | 0.83 | 14.76 % | ||
R1 | 0.760 | 4.94 % | ||
Current price | 0.724 | |||
Support | S1 | 0.691 | -4.54% | |
S2 | 0.630 | -13.01% | ||
S3 | 0.619 | -14.53% |
FAQ
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