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AI Analysis of BWA
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BorgWarner Inc stock downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 6.05% PDF

The BorgWarner Inc stock price gained 3.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.65 to $34.70. During the last trading day the stock fluctuated 3.27% from a day low at $33.63 to a day high of $34.73. The price has been going up and down for this period, and there has been a 6.87% gain for the last 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 3 million shares were bought and sold for approximately $114.11 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.

Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between $26.83 and $32.13 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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BWA Signals & Forecast

The BorgWarner Inc 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 $33.23 and $31.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 15.05%. 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 BorgWarner Inc stock

BorgWarner Inc finds support from accumulated volume at $34.07 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.10 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 2.25%.

Our recommended stop-loss: $33.58 (-3.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect BorgWarner Inc to open at $34.35, and during the day (based on 14 day Average True Range), to move between $33.91 and $35.49, which gives a possible trading interval of +/-$0.793 (+/-2.28%) up or down from last closing price. If BorgWarner Inc takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.99 (0.84%) than the support at $34.07 (1.82%), 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 BorgWarner Inc stock A Buy?

BorgWarner Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for BorgWarner Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$34.35 ( 1.00%) $34.70

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

Trading levels for BWA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.45 2.17 %
R2 35.03 0.96 %
R1 34.77 0.212 %
Current price: 34.70
Support S1 33.93 -2.21 %
S2 33.67 -2.96 %
S3 33.25 -4.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.94 3.57 %
R2 35.09 1.12 %
R1 34.99 0.84 %
Current price 34.70
Support S1 34.07 -1.82%
S2 33.89 -2.33%
S3 31.48 -9.28%

BWA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 29, 2024 Mar 15, 2024 $0.110 0.342%
2 Nov 30, 2023 Nov 30, 2023 Dec 15, 2023 $0.110 0.316%
3 Jun 26, 2023 Aug 31, 2023 Sep 15, 2023 $0.110 0.268%
4 Apr 27, 2023 May 31, 2023 Jun 15, 2023 $0.170 0.400%
5 Feb 09, 2023 Feb 28, 2023 Mar 15, 2023 $0.170 0.421%

FAQ

What is the symbol for BorgWarner Inc Stock and on which exchange is it traded?
The symbol for BorgWarner Inc is BWA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BorgWarner Inc Stock?
BorgWarner Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of BorgWarner Inc Stock?
As of the end of day on the 2024-03-27, the price of an BorgWarner Inc (BWA) share was $34.70.

What is the 52-week high and low for BorgWarner Inc Stock?
The 52-week high for BorgWarner Inc Stock is $50.04 and the 52-week low is $29.51.

What is the market capitalization of BorgWarner Inc Stock?
As of the 2024-03-27, the market capitalization of BorgWarner Inc is 7.973B.

When is the next earnings date for BorgWarner Inc?
The upcoming earnings date for BorgWarner Inc is May 02, 2024.
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About BorgWarner Inc

BorgWarner BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules a... BWA Profile

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