Bapcor Limited Stock Forecast
Bapcor Limited stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The Bapcor Limited stock price gained 0.455% on the last trading day (Friday, 10th May 2024), rising from $4.40 to $4.42. During the last trading day the stock fluctuated 3.42% from a day low at $4.38 to a day high of $4.53. The price has been going up and down for this period, and there has been a -21.77% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 800 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $10.20 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.28% during the next 3 months and, with a 90% probability hold a price between $3.79 and $5.26 at the end of this 3-month period.
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BAP.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.455%. 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. The Bapcor Limited 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 $4.48 and $5.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bapcor Limited stock
Bapcor Limited finds support from accumulated volume at $4.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.150 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAP.AX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Bapcor Limited to open at $4.44, and during the day (based on 14 day Average True Range), to move between $4.16 and $4.68, which gives a possible trading interval of +/-$0.260 (+/-5.89%) up or down from last closing price. If Bapcor Limited takes out the full calculated possible swing range there will be an estimated 11.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.40 (0.45%) than the resistance at $4.48 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bapcor Limited stock A Buy?
Bapcor Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.029 Strong Sell Candidate Downgraded
Predicted Opening Price for Bapcor Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $4.44 ( 0.528%) | $4.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAP.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.59 | 3.92 % | |
| R2 | 4.54 | 2.63 % | ||
| R1 | 4.50 | 1.82 % | ||
| Current price: | 4.42 | |||
| Support | S1 | 4.39 | -0.768 % | |
| S2 | 4.35 | -1.57 % | ||
| S3 | 4.29 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.64 | 4.98 % | |
| R2 | 4.56 | 3.17 % | ||
| R1 | 4.48 | 1.36 % | ||
| Current price | 4.42 | |||
| Support | S1 | 4.40 | -0.452% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 28, 2024 | $0.0950 | 1.51% |
| 2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | $0.105 | 1.58% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | $0.115 | 1.73% |
| 4 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | $0.100 | 1.55% |
| 5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | $0.110 | 1.50% |
FAQ
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