BATRA Stock Forecast
BATRA stock price ended at $41.77 on Friday, after gaining 1.04%.
(Updated on May 03, 2024)
The BATRA stock price gained 1.04% on the last trading day (Friday, 3rd May 2024), rising from $41.34 to $41.77. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.57% from a day low at $41.32 to a day high of $41.97. The price has risen in 6 of the last 10 days and is up by 3.67% 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, 21 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately $1.48 million.
The stock lies the upper part of a 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 $41.97 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 -4.60% during the next 3 months and, with a 90% probability hold a price between $37.74 and $40.04 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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BATRA Signals & Forecast
The BATRA 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 $41.13 and $41.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.09%. Further rise is indicated until a new top pivot has been found. BATRA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 BATRA stock
BATRA finds support from accumulated volume at $41.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.650 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $39.65 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (BATRA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BATRA to open at $41.69, and during the day (based on 14 day Average True Range), to move between $41.06 and $42.48, which gives a possible trading interval of +/-$0.710 (+/-1.70%) up or down from last closing price. If BATRA takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.22 (1.08%) than the support at $41.02 (1.80%), 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.
Earnings coming up
BATRA will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.580. We will update the financials statements for BATRA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.40% in the first trading day after earnings release.
Is BATRA 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: 2.242 Buy Candidate Unchanged
Predicted Opening Price for BATRA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $41.69 ( 0.200%) | $41.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BATRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.34 | 1.36 % | |
| R2 | 42.09 | 0.762 % | ||
| R1 | 41.93 | 0.395 % | ||
| Current price: | 41.77 | |||
| Support | S1 | 41.44 | -0.794 % | |
| S2 | 41.28 | -1.16 % | ||
| S3 | 41.04 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.87 | 5.03 % | |
| R2 | 43.62 | 4.43 % | ||
| R1 | 42.22 | 1.08 % | ||
| Current price | 41.77 | |||
| Support | S1 | 41.02 | -1.80% | |
| S2 | 40.96 | -1.94% | ||
| S3 | 40.29 | -3.54% |
BATRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2022 | Feb 10, 2022 | Feb 10, 2022 | $0.250 | 0.94% |
FAQ
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