Ball Corporation Stock Forecast
On Friday, Ball Corporation stock price gained an impressive 6.65%
(Updated on Apr 26, 2024)
The Ball Corporation stock price gained 6.65% on the last trading day (Friday, 26th Apr 2024), rising from $65.45 to $69.80. During the last trading day the stock fluctuated 6.58% from a day low at $66.38 to a day high of $70.75. The price has risen in 7 of the last 10 days and is up by 6.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $281.31 million.
The stock lies in the upper part of a strong rising 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 $70.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.30% during the next 3 months and, with a 90% probability hold a price between $74.19 and $80.63 at the end of this 3-month period.
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BALL Signals & Forecast
The Ball Corporation 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 $65.81 and $65.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.46%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ball Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $64.62 and $59.41. 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, Ball Corporation finds support just below today's level at $64.62. If this is broken, then the next support from accumulated volume will be at $59.41 and $57.25.
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 $4.37 between high and low, or 6.58%. For the last week the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: $67.22 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BALL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ball Corporation to open at $68.98, and during the day (based on 14 day Average True Range), to move between $68.39 and $71.21, which gives a possible trading interval of +/-$1.41 (+/-2.02%) up or down from last closing price. If Ball Corporation takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $64.62, some $5.18 (7.42%) from the current price of $69.80, our system finds the risk reward attractive.
Earnings coming up
Ball Corporation will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.560. We will update the financials statements for Ball Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.34% in the first trading day after earnings release.
Is Ball Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ball Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.063 Buy Candidate Upgraded
Predicted Opening Price for Ball Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $68.98 ( 1.18%) | $69.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BALL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.35 | 5.08 % | |
| R2 | 71.68 | 2.69 % | ||
| R1 | 70.65 | 1.21 % | ||
| Current price: | 69.80 | |||
| Support | S1 | 67.31 | -3.57 % | |
| S2 | 66.28 | -5.05 % | ||
| S3 | 64.61 | -7.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 69.80 | |||
| Support | S1 | 64.62 | -7.42% | |
| S2 | 59.41 | -14.89% | ||
| S3 | 57.25 | -17.98% |
BALL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.200 | 0.312% |
| 2 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.200 | 0.342% |
| 3 | Jul 26, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.200 | 0.387% |
| 4 | Apr 26, 2023 | May 31, 2023 | Jun 15, 2023 | $0.200 | 0.367% |
| 5 | Jan 25, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.200 | 0.384% |
FAQ
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