Brightsphere Investment Group Plc Stock Forecast
Brightsphere Investment Group Plc stock price down 0.265% on Friday
(Updated on May 03, 2024)
The Brightsphere Investment Group Plc stock price fell by -0.265% on the last day (Friday, 3rd May 2024) from $22.62 to $22.56. During the last trading day the stock fluctuated 1.82% from a day low at $22.55 to a day high of $22.96. The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 162 thousand shares were bought and sold for approximately $3.65 million.
The stock lies in the middle of a weak 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 5.35% during the next 3 months and, with a 90% probability hold a price between $22.86 and $24.93 at the end of this 3-month period.
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BSIG Signals & Forecast
There are few to no technical positive signals at the moment. The Brightsphere Investment Group Plc 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 $22.57 and $22.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.04%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Brightsphere Investment Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.39 and $21.34. 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, Brightsphere Investment Group Plc finds support just below today's level at $21.39. If this is broken, then the next support from accumulated volume will be at $21.34 and $20.86.
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 $0.410 between high and low, or 1.82%. For the last week the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $21.43 (-4.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (BSIG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Brightsphere Investment Group Plc to open at $22.69, and during the day (based on 14 day Average True Range), to move between $22.10 and $23.02, which gives a possible trading interval of +/-$0.458 (+/-2.03%) 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 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.61 (0.22%) than the support at $21.39 (5.19%), 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 Brightsphere Investment Group Plc stock A Buy?
Brightsphere Investment Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.565 Hold/Accumulate Unchanged
Predicted Opening Price for Brightsphere Investment Group Plc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $22.69 ( 0.576%) | $22.56 |
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 | 23.10 | 2.39 % | |
| R2 | 22.94 | 1.70 % | ||
| R1 | 22.85 | 1.27 % | ||
| Current price: | 22.56 | |||
| Support | S1 | 22.53 | -0.118 % | |
| S2 | 22.44 | -0.547 % | ||
| S3 | 22.28 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.74 | 0.798 % | |
| R2 | 22.66 | 0.443 % | ||
| R1 | 22.61 | 0.222 % | ||
| Current price | 22.56 | |||
| Support | S1 | 21.39 | -5.19% | |
| S2 | 21.34 | -5.41% | ||
| S3 | 20.86 | -7.54% |
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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