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AI Analysis of BSET
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Bassett Furniture Industries stock price ended at $15.09 on Wednesday, after gaining 0.533%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 Gain 1.21% PDF

The Bassett Furniture Industries stock price gained 0.533% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.01 to $15.09. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.471% from a day low at $15.02 to a day high of $15.09. The price has risen in 6 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 3 thousand shares were bought and sold for approximately $44.38 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 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 -5.20% during the next 3 months and, with a 90% probability hold a price between $13.37 and $15.00 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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BSET Signals & Forecast

There are mixed signals in the stock today. The Bassett Furniture Industries 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 $15.28. On a fall, the stock will find some support from the short-term average at $14.96. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.29%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Bassett Furniture Industries stock

Bassett Furniture Industries finds support from accumulated volume at $15.01 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0707 between high and low, or 0.471%. For the last week the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BSET) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bassett Furniture Industries to open at $15.07, and during the day (based on 14 day Average True Range), to move between $14.73 and $15.45, which gives a possible trading interval of +/-$0.356 (+/-2.36%) up or down from last closing price. If Bassett Furniture Industries takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.01 (0.53%) than the resistance at $15.30 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bassett Furniture Industries stock A Buy?

Bassett Furniture Industries holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.363 Sell Candidate Unchanged

Predicted Opening Price for Bassett Furniture Industries of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.07 ( 0.156%) $15.09

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

Trading levels for BSET

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.14 0.312 %
R2 15.11 0.133 %
R1 15.09 0.0228 %
Current price: 15.09
Support S1 15.04 -0.335 %
S2 15.02 -0.446 %
S3 15.00 -0.625 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.98 5.90 %
R2 15.50 2.72 %
R1 15.30 1.39 %
Current price 15.09
Support S1 15.01 -0.530%
S2 14.86 -1.52%
S3 14.61 -3.18%

BSET Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 May 16, 2024 May 31, 2024 $0.180 1.19%
2 Jan 11, 2024 Feb 15, 2024 Mar 01, 2024 $0.180 1.15%
3 Oct 05, 2023 Nov 09, 2023 Nov 24, 2023 $0.180 1.08%
4 Jul 12, 2023 Aug 10, 2023 Aug 25, 2023 $0.180 1.16%
5 Mar 08, 2023 May 11, 2023 May 26, 2023 $0.160 1.16%

FAQ

What is the symbol for Bassett Furniture Industries Stock and on which exchange is it traded?
The symbol for Bassett Furniture Industries is BSET and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bassett Furniture Industries Stock?
Bassett Furniture Industries holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Bassett Furniture Industries Stock?
Bassett Furniture Industries Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bassett Furniture Industries Stock.

What's the current price of Bassett Furniture Industries Stock?
As of the end of day on the 2024-03-27, the price of an Bassett Furniture Industries (BSET) share was $15.09.

What is the 52-week high and low for Bassett Furniture Industries Stock?
The 52-week high for Bassett Furniture Industries Stock is $19.19 and the 52-week low is $13.30.

What is the market capitalization of Bassett Furniture Industries Stock?
As of the 2024-03-27, the market capitalization of Bassett Furniture Industries is 132.961M.

When is the next earnings date for Bassett Furniture Industries?
The upcoming earnings date for Bassett Furniture Industries is Apr 04, 2024.
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About Bassett Furniture Industries

Bassett Furniture Industries Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail –company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent fu... BSET Profile

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