Brookdale Senior Living Inc Stock Forecast
Weaker technical forecast for Brookdale Senior Living Inc as stock downgraded to Hold/Accumulate.
(Updated on May 08, 2024)
The Brookdale Senior Living Inc stock price fell by -4.89% on the last day (Wednesday, 8th May 2024) from $7.36 to $7.00. During the last trading day the stock fluctuated 9.42% from a day low at $6.90 to a day high of $7.55. The price has risen in 6 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume has increased on the last day by 154 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, 3 million shares were bought and sold for approximately $21.40 million.
The stock lies in the middle of a wide and 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 25.75% during the next 3 months and, with a 90% probability hold a price between $8.30 and $9.51 at the end of this 3-month period.
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BKD Signals & Forecast
The Brookdale Senior Living Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.16. On a fall, the stock will find some support from the long-term average at approximately $6.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -6.54%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Brookdale Senior Living Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.17 and $5.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Brookdale Senior Living Inc finds support just below today's level at $6.17. If this is broken, then the next support from accumulated volume will be at $5.72 and $5.50.
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 $0.650 between high and low, or 9.42%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: $6.66 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BKD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Brookdale Senior Living Inc to open at $7.15, and during the day (based on 14 day Average True Range), to move between $6.70 and $7.30, which gives a possible trading interval of +/-$0.305 (+/-4.35%) up or down from last closing price. If Brookdale Senior Living Inc takes out the full calculated possible swing range there will be an estimated 8.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.01 (0.14%) than the support at $6.17 (11.86%), 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 Brookdale Senior Living Inc stock A Buy?
Brookdale Senior Living 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: 0.168 Hold/Accumulate Downgraded
Predicted Opening Price for Brookdale Senior Living Inc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $7.15 ( 2.14%) | $7.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.80 | 11.43 % | |
| R2 | 7.55 | 7.88 % | ||
| R1 | 7.40 | 5.69 % | ||
| Current price: | 7.00 | |||
| Support | S1 | 6.90 | -1.40 % | |
| S2 | 6.75 | -3.60 % | ||
| S3 | 6.50 | -7.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.30 | 4.29 % | |
| R2 | 7.19 | 2.71 % | ||
| R1 | 7.01 | 0.143 % | ||
| Current price | 7.00 | |||
| Support | S1 | 6.17 | -11.86% | |
| S2 | 5.72 | -18.29% | ||
| S3 | 5.50 | -21.43% |
BKD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2008 | Oct 08, 2008 | Oct 17, 2008 | $0.250 | 2.97% |
| 2 | Jun 26, 2008 | Jul 02, 2008 | Jul 15, 2008 | $0.250 | 1.61% |
| 3 | Mar 19, 2008 | Mar 27, 2008 | Apr 14, 2008 | $0.250 | 1.04% |
| 4 | Dec 14, 2007 | Dec 27, 2007 | Jan 14, 2008 | $0.500 | 2.00% |
| 5 | Sep 17, 2007 | Sep 26, 2007 | Oct 12, 2007 | $0.500 | 1.25% |
FAQ
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