Barrett Business Services Stock Forecast
Stronger technical forecast for Barrett Business Services stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Barrett Business Services stock price fell by -0.557% on the last day (Thursday, 25th Apr 2024) from $123.80 to $123.11. During the last trading day the stock fluctuated 1.14% from a day low at $122.46 to a day high of $123.86. The price has risen in 8 of the last 10 days and is up by 2.74% over the past 2 weeks. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 thousand shares were bought and sold for approximately $5.85 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.52% during the next 3 months and, with a 90% probability hold a price between $133.58 and $145.94 at the end of this 3-month period.
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BBSI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.85%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Barrett Business Services stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $122.50 and $122.26. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Barrett Business Services stock
Barrett Business Services finds support from accumulated volume at $120.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.40 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $119.30 (-3.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (BBSI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Barrett Business Services to open at $123.14, and during the day (based on 14 day Average True Range), to move between $121.16 and $125.06, which gives a possible trading interval of +/-$1.95 (+/-1.59%) up or down from last closing price. If Barrett Business Services takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $125.15 (1.66%) than the support at $120.58 (2.06%), 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.
Earnings coming up
Barrett Business Services will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.310. We will update the financials statements for Barrett Business Services, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.31% in the first trading day after earnings release.
Is Barrett Business Services 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 Barrett Business Services stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.037 Buy Candidate Upgraded
Predicted Opening Price for Barrett Business Services of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$123.14 ( 0.0271%) | $123.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBSI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 124.54 | 1.16 % | |
R2 | 124.01 | 0.730 % | ||
R1 | 123.68 | 0.461 % | ||
Current price: | 123.11 | |||
Support | S1 | 122.61 | -0.407 % | |
S2 | 122.28 | -0.676 % | ||
S3 | 121.74 | -1.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 126.72 | 2.93 % | |
R2 | 125.62 | 2.04 % | ||
R1 | 125.15 | 1.66 % | ||
Current price | 123.11 | |||
Support | S1 | 120.58 | -2.06% | |
S2 | 120.21 | -2.36% | ||
S3 | 119.00 | -3.34% |
BBSI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.300 | 0.237% |
2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | $0 | 0% |
3 | Aug 02, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.300 | 0.310% |
4 | May 01, 2023 | May 18, 2023 | Jun 02, 2023 | $0.300 | 0.344% |
5 | Feb 27, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.300 | 0.338% |
FAQ
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