Brighthouse Financial Inc 6.25 % ETF Forecast
Weaker technical forecast for Brighthouse Financial Inc 6.25 % as ETF downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Brighthouse Financial Inc 6.25 % ETF price fell by -2.26% on the last day (Thursday, 28th Mar 2024) from $23.45 to $22.92. During the last trading day the ETF fluctuated 3.19% from a day low at $22.85 to a day high of $23.58. The price has risen in 7 of the last 10 days and is up by 0.57% over the past 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, 30 thousand shares were bought and sold for approximately $677.54 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.80% during the next 3 months and, with a 90% probability hold a price between $24.47 and $26.30 at the end of this 3-month period.
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BHFAL Signals & Forecast
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 Brighthouse Financial Inc 6.25 % ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.35 and $23.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. Brighthouse Financial Inc 6.25 % gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Brighthouse Financial Inc 6.25 % ETF
Brighthouse Financial Inc 6.25 % finds support from accumulated volume at $22.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.730 between high and low, or 3.19%. For the last week the ETF has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHFAL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global to open at $23.12, and during the day (based on 14 day Average True Range), to move between $22.50 and $23.34, which gives a possible trading interval of +/-$0.416 (+/-1.81%) up or down from last closing price. If Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.00 (0.35%) than the support at $22.81 (0.48%), 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 Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global ETF A Buy?
The Brighthouse Financial Inc 6.25 % ETF holds several negative signals and despite the positive trend, we believe Brighthouse Financial Inc 6.25 % will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -4.626 Sell Candidate Downgraded
Predicted Opening Price for Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.12 ( 0.86%) | $22.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHFAL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.85 | 4.04 % | |
R2 | 23.57 | 2.83 % | ||
R1 | 23.40 | 2.07 % | ||
Current price: | 22.92 | |||
Support | S1 | 22.84 | -0.359 % | |
S2 | 22.67 | -1.11 % | ||
S3 | 22.39 | -2.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.06 | 0.611 % | |
R2 | 23.01 | 0.393 % | ||
R1 | 23.00 | 0.349 % | ||
Current price | 22.92 | |||
Support | S1 | 22.81 | -0.480% | |
S2 | 22.79 | -0.567% | ||
S3 | 21.75 | -5.10% |
BHFAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.70% |
2 | Nov 23, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.80% |
3 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.66% |
4 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.70% |
5 | May 27, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.391 | 1.73% |
FAQ
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