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Beasley Broadcast Group Stock Forecast NASDAQ:BBGI

$2.14 (-0.93%)

Volume: 29k

Closed: Nov 26, 2021

Hollow Logo Score: -2.997

Beasley Broadcast Group Stock Forecast

$2.14 (-0.93%)

Volume: 29k

Closed: Nov 26, 2021

Score Hollow Logo -2.997
Which way will BBGI go? Request
Key Stats
P/E Ratio -33.83
Beta 1.29
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 5 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Friday for Beasley Broadcast Group
(Updated on Nov 26, 2021)


Sell candidate since 2021-10-15 Loss -16.08%

The Beasley Broadcast Group stock price fell by -0.93% on the last day (Friday, 26th Nov 2021) from $2.16 to $2.14. During the day the stock fluctuated 3.79% from a day low at $2.11 to a day high of $2.19. The price has fallen in 6 of the last 10 days and is down by -9.32% for this period. Volume has increased on the last day by 11 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, 29 thousand shares were bought and sold for approximately $61.61 thousand.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.18) are considered to be a "second chance" to get out. According to the fan-theory $1.81 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Beasley Broadcast Group 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 $2.20 and $2.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -14.06%. 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). Beasley Broadcast Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0799 between high and low, or 3.79%. For the last week, the stock has had a daily average volatility of 5.68%.

Beasley Broadcast Group is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Beasley Broadcast Group stock A Buy?

Beasley Broadcast Group holds several negative signals and is within a 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.

Current score: -2.997

Predicted Opening Price for Beasley Broadcast Group 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
$2.15 $2.14 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 5.68 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.68 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.25
Price: $2.14
No Support Found

BBGI Insider Trading Show all Trades

INSIDER POWER

1.460

Last 100 transactions
Buy: 597 935 | Sell: 409 599 (Shares)
Date Action Amount Person Type
Jun 23, 2021 Buy 14 035 Bordes Peter A Jr Restricted Stock Units
Jun 23, 2021 Buy 14 035 Godridge Leslie V Restricted Stock Units
Jun 23, 2021 Buy 14 035 Shaw Allen B Restricted Stock Units
Jun 23, 2021 Buy 8 187 Warfield Charles M. Jr. Restricted Stock Units
Jun 23, 2021 Buy 14 035 Fiorile Michael J Restricted Stock Units
Show all Insider Trades
INSIDER POWER

1.460

Last 100 transactions
Buy: 597 935 | Sell: 409 599 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.23 4.05 %
2.20 2.62 %
2.18 1.74 %
Current price: 2.14
Support 2.12 -1.11 %
2.10 -1.99 %
2.07 -3.42 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.54 18.70 %
2.52 17.76 %
2.25 5.14 %
Current price 2.14
Support 0 .
0 .
0 .

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About Beasley Broadcast Group

Beasley Broadcast Group Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations primarily in the United States. The company owns and operates 52 stations, including 34 FM and 18 AM stations located in 12 large- and mid-size markets. Beasley Broadcast Group, Inc. was founded in 1961 and is headquartered in Naples, Florida.... Read more

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