Brightsphere Investment Group Plc Stock Forecast
Brightsphere Investment Group Plc stock price ended at $23.51 on Tuesday, after gaining 0.90%.
(Updated on Apr 23, 2024)
The Brightsphere Investment Group Plc stock price gained 0.90% on the last trading day (Tuesday, 23rd Apr 2024), rising from $23.30 to $23.51. It has now gained 4 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 1.10% from a day low at $23.36 to a day high of $23.62. The price has risen in 6 of the last 10 days and is up by 2.48% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 149 thousand shares were bought and sold for approximately $3.49 million. 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 upper part of a wide and weak rising 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 $23.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.92% during the next 3 months and, with a 90% probability hold a price between $22.94 and $25.30 at the end of this 3-month period.
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BSIG Signals & Forecast
Mostly positive signals in the chart today. The Brightsphere Investment Group Plc 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 $22.90 and $22.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 10.58%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Brightsphere Investment Group Plc stock
Brightsphere Investment Group Plc finds support from accumulated volume at $22.66 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 $0.258 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $22.73 (-3.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (BSIG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Brightsphere Investment Group Plc to open at $23.50, and during the day (based on 14 day Average True Range), to move between $23.08 and $23.94, which gives a possible trading interval of +/-$0.433 (+/-1.84%) up or down from last closing price. If Brightsphere Investment Group Plc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $22.66, some $0.85 (3.62%) from the current price of $23.51, our system finds the risk reward attractive.
Is Brightsphere Investment Group Plc 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 Brightsphere Investment Group Plc stock to perform well in the short-term.
Current score: 4.143 Buy Candidate Unchanged
Predicted Opening Price for Brightsphere Investment Group Plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $23.50 ( 0.0600%) | $23.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.75 | 1.04 % | |
| R2 | 23.66 | 0.617 % | ||
| R1 | 23.59 | 0.359 % | ||
| Current price: | 23.51 | |||
| Support | S1 | 23.40 | -0.479 % | |
| S2 | 23.34 | -0.737 % | ||
| S3 | 23.24 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 23.51 | |||
| Support | S1 | 22.66 | -3.62% | |
| S2 | 22.12 | -5.91% | ||
| S3 | 22.00 | -6.42% |
BSIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0100 | 0.0438% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.0100 | 0.0519% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0100 | 0.0516% |
| 4 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.0100 | 0.0477% |
| 5 | Feb 02, 2023 | Mar 16, 2023 | Jun 30, 2023 | $0.0100 | 0.0477% |
FAQ
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