Bed Bath & Beyond Inc. stock price fell more than -6.24% Friday closing at $20.90
(Updated on Nov 26, 2021)
Hold candidate since 2021-11-26 PDF
The Bed Bath & Beyond Inc. stock price fell by -6.24% on the last day (Friday, 26th Nov 2021) from $22.29 to $20.90. During the day the stock fluctuated 6.07% from a day low at $20.26 to a day high of $21.49. The price has risen in 6 of the last 10 days, but is still down by -9.45% for this period. Volume has increased on the last day by 101 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $79.40 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.31% during the next 3 months and, with a 90% probability hold a price between $9.29 and $18.90 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.
Signals & Forecast
The Bed Bath & Beyond Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.64. On a fall, the stock will find some support from the long-term average at approximately $18.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -12.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $19.30 and $17.28. There is 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, Bed Bath & Beyond Inc. finds support just below today's level at $19.30. If this is broken, then the next support from accumulated volume will be at $17.28 and $16.75.
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 $1.23 between high and low, or 6.07%. For the last week, the stock has had a daily average volatility of 8.34%.
Our recommended stop-loss: $19.82 (-5.18%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Is Bed Bath & Beyond Inc. stock A Buy?
Bed Bath & Beyond Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.080
Predicted Opening Price for Bed Bath & Beyond Inc. of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 03, 2021 "Telsey Advisory Group" gave "$20.00 - $22.00" rating for BBBY. The price target was set to $20.05+19.7%.
BBBY Insider Trading
|Nov 10, 2021||Buy||3 244||Gupta Anuradha||Common Stock, $.01 par value per share|
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