Baxter International Inc Stock Forecast
Stronger technical forecast for Baxter International Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Baxter International Inc stock price fell by -0.249% on the last day (Friday, 26th Apr 2024) from $40.23 to $40.13. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.14% from a day low at $39.97 to a day high of $40.42. The price has fallen in 7 of the last 10 days and is down by -0.5% for this period. 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 -2 million shares and in total, 2 million shares were bought and sold for approximately $78.73 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.18% during the next 3 months and, with a 90% probability hold a price between $40.84 and $45.94 at the end of this 3-month period.
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BAX Signals & Forecast
The Baxter International Inc 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 $40.26 and $41.71. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Baxter International Inc stock
Baxter International Inc finds support from accumulated volume at $39.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.455 between high and low, or 1.14%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $37.80 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BAX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Baxter International Inc to open at $40.17, and during the day (based on 14 day Average True Range), to move between $39.27 and $40.99, which gives a possible trading interval of +/-$0.86 (+/-2.14%) up or down from last closing price. If Baxter International Inc takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.46 (0.82%) than the support at $39.62 (1.27%), 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
Baxter International Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.610. We will update the financials statements for Baxter International Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.81% in the first trading day after earnings release.
Is Baxter International Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.534 Buy Candidate Upgraded
Predicted Opening Price for Baxter International Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$40.17 ( 0.104%) | $40.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.63 | 1.24 % | |
R2 | 40.45 | 0.80 % | ||
R1 | 40.35 | 0.537 % | ||
Current price: | 40.13 | |||
Support | S1 | 40.00 | -0.329 % | |
S2 | 39.89 | -0.597 % | ||
S3 | 39.72 | -1.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.41 | 5.68 % | |
R2 | 42.01 | 4.68 % | ||
R1 | 40.46 | 0.82 % | ||
Current price | 40.13 | |||
Support | S1 | 39.62 | -1.27% | |
S2 | 39.55 | -1.45% | ||
S3 | 39.38 | -1.87% |
BAX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 12, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.290 | 0.666% |
2 | Feb 12, 2024 | Feb 29, 2024 | Apr 01, 2024 | $0.290 | 0.666% |
3 | Nov 30, 2023 | Nov 30, 2023 | Jan 02, 2024 | $0.290 | 0.746% |
4 | Jul 18, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.290 | 0.776% |
5 | May 01, 2023 | Jun 01, 2023 | Jul 03, 2023 | $0.290 | 0.649% |
FAQ
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