Koninklijke BAM Groep nv Stock Forecast
Stronger technical forecast for Koninklijke BAM Groep nv stock price after Monday trading.
(Updated on Jul 01, 2024)
The Koninklijke BAM Groep nv stock price gained 4.74% on the last trading day (Monday, 1st Jul 2024), rising from 3.92€ to 4.11€. During the last trading day the stock fluctuated 3.95% from a day low at 3.95€ to a day high of 4.11€. The price has risen in 5 of the last 10 days and is up by 7.43% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 8.81€ million.
The stock lies in the upper part of a wide and weak 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 4.24€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.84% during the next 3 months and, with a 90% probability hold a price between 3.69€ and 4.44€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BAMNB.AS Signals & Forecast
The Koninklijke BAM Groep nv stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 3.93€ and 3.89€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 21.18%. 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 Koninklijke BAM Groep nv stock
On the downside, the stock finds support just below today's level from accumulated volume at 3.90€ and 3.42€. 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, Koninklijke BAM Groep nv finds support just below today's level at 3.90€. If this is broken, then the next support from accumulated volume will be at 3.42€ and 3.39€.
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 0.156€ between high and low, or 3.95%. For the last week the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: 3.95€ (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (BAMNB.AS) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Koninklijke BAM Groep nv to open at 4.06€, and during the day (based on 14 day Average True Range), to move between 4.00€ and 4.22€, which gives a possible trading interval of +/-0.109€ (+/-2.64%) up or down from last closing price. If Koninklijke BAM Groep nv takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 3.90€, some 0.208€ (5.06%) from the current price of 4.11€, our system finds the risk reward attractive.
Is Koninklijke BAM Groep nv stock A Buy?
Koninklijke BAM Groep nv holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.824 Strong Buy Candidate Upgraded
Predicted Opening Price for Koninklijke BAM Groep nv of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| 4.06€ ( 1.27%) | 4.11€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAMNB.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.21 | 2.53% |
| R2 | 4.15 | 1.08% |
| R1 | 4.12 | 0.185% |
| Price | 4.11 | |
| S1 | 4.00 | -2.72% |
| S2 | 3.96 | -3.61% |
| S3 | 3.90 | -5.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.11 | |
| S1 | 3.90 | -5.06% |
| S2 | 3.42 | -16.80% |
| S3 | 3.39 | -17.48% |
BAMNB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | May 08, 2024 | 0.200€ | 5.80% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | 0.150€ | 7.39% |
| 3 | Feb 27, 2019 | Apr 23, 2019 | May 15, 2019 | 0.140€ | 3.77% |
| 4 | May 09, 2018 | May 09, 2018 | May 09, 2018 | 0.100€ | 2.44% |
| 5 | Feb 22, 2018 | Apr 20, 2018 | May 16, 2018 | 0.100€ | 2.44% |
FAQ
Click here for our free guide on how to buy Koninklijke BAM Groep nv Stock.
