Blackbaud Stock Forecast
Stronger technical forecast for Blackbaud stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Blackbaud stock price gained 3.11% on the last trading day (Wednesday, 27th Mar 2024), rising from $70.71 to $72.91. During the last trading day the stock fluctuated 2.86% from a day low at $70.96 to a day high of $72.99. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 49 thousand more shares were traded than the day before. In total, 175 thousand shares were bought and sold for approximately $12.75 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $73.91 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.88% during the next 3 months and, with a 90% probability hold a price between $50.06 and $59.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BLKB Signals & Forecast
The Blackbaud stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $71.43 and $72.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 8.26%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blackbaud stock
Blackbaud finds support from accumulated volume at $70.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.03 (2.86%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $68.48 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (BLKB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Blackbaud to open at $72.29, and during the day (based on 14 day Average True Range), to move between $71.22 and $74.60, which gives a possible trading interval of +/-$1.69 (+/-2.31%) up or down from last closing price. If Blackbaud takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.65 (1.01%) than the support at $70.38 (3.47%), 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 Blackbaud stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.586 Buy Candidate Upgraded
Predicted Opening Price for Blackbaud of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$72.29 ( 0.85%) | $72.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLKB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.32 | 1.93 % | |
R2 | 73.54 | 0.87 % | ||
R1 | 73.06 | 0.209 % | ||
Current price: | 72.91 | |||
Support | S1 | 71.51 | -1.92 % | |
S2 | 71.03 | -2.58 % | ||
S3 | 70.26 | -3.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.65 | 13.36 % | |
R2 | 82.56 | 13.24 % | ||
R1 | 73.65 | 1.01 % | ||
Current price | 72.91 | |||
Support | S1 | 70.38 | -3.47% | |
S2 | 69.18 | -5.12% | ||
S3 | 67.35 | -7.63% |
BLKB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 10, 2020 | Feb 27, 2020 | Mar 13, 2020 | $0.120 | 0.215% |
2 | Oct 28, 2019 | Nov 26, 2019 | Dec 13, 2019 | $0.120 | 0.153% |
3 | Jul 30, 2019 | Aug 27, 2019 | Sep 13, 2019 | $0.120 | 0.130% |
4 | Apr 30, 2019 | May 24, 2019 | Jun 14, 2019 | $0.120 | 0.151% |
5 | Feb 06, 2019 | Feb 26, 2019 | Mar 15, 2019 | $0.120 | 0.155% |
FAQ
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