Beasley Broadcast Group Stock Forecast
Beasley Broadcast Group stock price up more than 6.17% on Friday
(Updated on Apr 26, 2024)
The Beasley Broadcast Group stock price gained 6.17% on the last trading day (Friday, 26th Apr 2024), rising from $0.700 to $0.743. During the last trading day the stock fluctuated 6.80% from a day low at $0.696 to a day high of $0.743. The price has risen in 6 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 8 thousand shares were bought and sold for approximately $5.70 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 -20.92% during the next 3 months and, with a 90% probability hold a price between $0.527 and $0.633 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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BBGI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beasley Broadcast Group 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 $0.768. On a fall, the stock will find some support from the short-term average at $0.710. 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. 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.
Support, Risk & Stop-loss for Beasley Broadcast Group stock
Beasley Broadcast Group finds support from accumulated volume at $0.729 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0473 between high and low, or 6.80%. For the last week the stock has had daily average volatility of 7.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBGI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Beasley Broadcast Group to open at $0.727, and during the day (based on 14 day Average True Range), to move between $0.691 and $0.795, which gives a possible trading interval of +/-$0.0519 (+/-6.98%) up or down from last closing price. If Beasley Broadcast Group takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.750 (0.91%) than the support at $0.729 (1.94%), 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 Beasley Broadcast Group stock A Buy?
Beasley Broadcast Group 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: -1.644 Sell Candidate Unchanged
Predicted Opening Price for Beasley Broadcast Group of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.727 ( 2.12%) | $0.743 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.775 | 4.24 % | |
| R2 | 0.757 | 1.81 % | ||
| R1 | 0.746 | 0.310 % | ||
| Current price: | 0.743 | |||
| Support | S1 | 0.709 | -4.55 % | |
| S2 | 0.698 | -6.05 % | ||
| S3 | 0.680 | -8.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.84 | 13.36 % | |
| R2 | 0.780 | 4.95 % | ||
| R1 | 0.750 | 0.91 % | ||
| Current price | 0.743 | |||
| Support | S1 | 0.729 | -1.94% | |
| S2 | 0.706 | -5.02% | ||
| S3 | 0.700 | -5.83% |
BBGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2020 | Mar 30, 2020 | Apr 07, 2020 | $0.0500 | 2.84% |
| 2 | Dec 09, 2019 | Dec 30, 2019 | Jan 10, 2020 | $0.0500 | 1.58% |
| 3 | Aug 22, 2019 | Sep 27, 2019 | Oct 07, 2019 | $0.0500 | 1.72% |
| 4 | May 30, 2019 | Jun 27, 2019 | Jul 05, 2019 | $0.0500 | 1.61% |
| 5 | Mar 05, 2019 | Mar 28, 2019 | Apr 05, 2019 | $0.0500 | 1.32% |
FAQ
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