Barrett Business Services Stock Forecast
Red day on Wednesday for Barrett Business Services
(Updated on Apr 17, 2024)
The Barrett Business Services stock price fell by -0.479% on the last day (Wednesday, 17th Apr 2024) from $121.16 to $120.58. During the last trading day the stock fluctuated 1.55% from a day low at $120.48 to a day high of $122.34. The price has been going up and down for this period, and there has been a -3.47% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 28 thousand shares were bought and sold for approximately $3.36 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 11.38% during the next 3 months and, with a 90% probability hold a price between $131.72 and $144.23 at the end of this 3-month period.
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BBSI Signals & Forecast
There are few to no technical positive signals at the moment. The Barrett Business Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $120.59 and $121.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.85%. 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 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 $120.21 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 $1.87 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBSI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Barrett Business Services to open at $121.13, and during the day (based on 14 day Average True Range), to move between $118.47 and $122.69, which gives a possible trading interval of +/-$2.11 (+/-1.75%) up or down from last closing price. If Barrett Business Services takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $120.21 (0.31%) than the resistance at $121.99 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barrett Business Services stock A Buy?
The Barrett Business Services stock holds several negative signals and despite the positive trend, we believe Barrett Business Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.416 Sell Candidate Unchanged
Predicted Opening Price for Barrett Business Services of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$121.13 ( 0.458%) | $120.58 |
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 | 123.00 | 2.00 % | |
R2 | 122.28 | 1.41 % | ||
R1 | 121.84 | 1.05 % | ||
Current price: | 120.58 | |||
Support | S1 | 120.42 | -0.133 % | |
S2 | 119.98 | -0.498 % | ||
S3 | 119.27 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 125.62 | 4.18 % | |
R2 | 125.15 | 3.79 % | ||
R1 | 121.99 | 1.17 % | ||
Current price | 120.58 | |||
Support | S1 | 120.21 | -0.307% | |
S2 | 120.16 | -0.348% | ||
S3 | 119.00 | -1.31% |
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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