Banco Del Bajío, S.a., Institución De Stock Forecast
Stronger technical forecast for Banco Del Bajío, S.a., Institución De stock price after Friday trading.
(Updated on Jun 28, 2024)
The Banco Del Bajío, S.a., Institución De stock price gained 2.66% on the last trading day (Friday, 28th Jun 2024), rising from $54.07 to $55.51. During the last trading day the stock fluctuated 4.90% from a day low at $53.72 to a day high of $56.35. The price has risen in 8 of the last 10 days and is up by 9.08% over the past 2 weeks. Volume fell on the last day by -194 thousand shares and in total, 2 million shares were bought and sold for approximately $93.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -11.35% during the next 3 months and, with a 90% probability hold a price between $42.69 and $49.21 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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BBAJIOO.MX Signals & Forecast
Mostly positive signals in the chart today. The Banco Del Bajío, S.a., Institución De 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 $54.36 and $55.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 9.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Banco Del Bajío, S.a., Institución De stock
Banco Del Bajío, S.a., Institución De finds support from accumulated volume at $54.72 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 $2.63 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: $53.04 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (BBAJIOO.MX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Banco Del Bajío, S.a., Institución De Banca Múltiple to open at $55.19, and during the day (based on 14 day Average True Range), to move between $53.07 and $57.95, which gives a possible trading interval of +/-$2.44 (+/-4.40%) up or down from last closing price. If Banco Del Bajío, S.a., Institución De Banca Múltiple takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.24 (1.32%) than the support at $54.72 (1.42%), 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.
Is Banco Del Bajío, S.a., Institución De Banca Múltiple 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.406 Buy Candidate Upgraded
Predicted Opening Price for Banco Del Bajío, S.a., Institución De Banca Múltiple of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $55.19 ( 0.570%) | $55.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBAJIOO.MX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.82 | 4.17% |
| R2 | 56.82 | 2.36% |
| R1 | 56.20 | 1.24% |
| Price | 55.51 | |
| S1 | 54.19 | -2.38% |
| S2 | 53.57 | -3.50% |
| S3 | 52.56 | -5.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.90 | 6.11% |
| R2 | 56.78 | 2.29% |
| R1 | 56.24 | 1.32% |
| Price | 55.51 | |
| S1 | 54.72 | -1.42% |
| S2 | 54.46 | -1.89% |
| S3 | 52.70 | -5.06% |
BBAJIOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 08, 2024 | $3.70 | 5.89% |
| 2 | Nov 01, 2023 | Nov 01, 2023 | Nov 01, 2023 | $1.35 | 2.47% |
| 3 | May 08, 2023 | May 08, 2023 | May 08, 2023 | $4.06 | 6.79% |
| 4 | Aug 26, 2022 | Aug 26, 2022 | Aug 26, 2022 | $3.87 | 8.74% |
| 5 | May 06, 2022 | May 06, 2022 | May 06, 2022 | $3.92 | 8.17% |
FAQ
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