Broadstone Net Lease, Inc. Stock Forecast
Red day on Friday for Broadstone Net Lease, Inc. stock after losing 0.0656%
(Updated on May 03, 2024)
The Broadstone Net Lease, Inc. stock price fell by -0.0656% on the last day (Friday, 3rd May 2024) from $15.24 to $15.23. During the last trading day the stock fluctuated 3.11% from a day low at $15.10 to a day high of $15.57. The price has fallen in 6 of the last 10 days but is still up by 5.03% over the past 2 weeks. 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 -1 million shares and in total, 820 thousand shares were bought and sold for approximately $12.48 million.
The stock lies the upper part of a wide and falling 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 $15.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.28% during the next 3 months and, with a 90% probability hold a price between $12.90 and $14.30 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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BNL Signals & Forecast
The Broadstone Net Lease, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.71 and $14.86. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -0.0656%. Further fall is indicated until a new bottom pivot has been found. 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 Broadstone Net Lease, Inc. stock
Broadstone Net Lease, Inc. finds support from accumulated volume at $14.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.470 (3.11%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $14.68 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BNL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Broadstone Net Lease, Inc. to open at $15.30, and during the day (based on 14 day Average True Range), to move between $14.90 and $15.56, which gives a possible trading interval of +/-$0.327 (+/-2.15%) up or down from last closing price. If Broadstone Net Lease, Inc. takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.24 (0.07%) than the support at $14.91 (2.10%), 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 Broadstone Net Lease, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.101 Buy Candidate Unchanged
Predicted Opening Price for Broadstone Net Lease, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.30 ( 0.460%) | $15.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.77 | 3.55 % | |
| R2 | 15.59 | 2.37 % | ||
| R1 | 15.48 | 1.64 % | ||
| Current price: | 15.23 | |||
| Support | S1 | 15.12 | -0.719 % | |
| S2 | 15.01 | -1.45 % | ||
| S3 | 14.83 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.98 | 4.92 % | |
| R2 | 15.67 | 2.89 % | ||
| R1 | 15.24 | 0.0657 % | ||
| Current price | 15.23 | |||
| Support | S1 | 14.91 | -2.10% | |
| S2 | 14.80 | -2.82% | ||
| S3 | 14.79 | -2.89% |
BNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.290 | 1.90% |
| 2 | Feb 21, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.285 | 1.97% |
| 3 | Oct 26, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.290 | 1.71% |
| 4 | Jul 27, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.280 | 1.94% |
| 5 | Apr 27, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.280 | 1.75% |
FAQ
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