Beasley Broadcast Group Stock Forecast
Red day on Wednesday for Beasley Broadcast Group
(Updated on Apr 24, 2024)
The Beasley Broadcast Group stock price fell by -0.85% on the last day (Wednesday, 24th Apr 2024) from $0.706 to $0.700. During the last trading day the stock fluctuated 8.70% from a day low at $0.690 to a day high of $0.750. The price has fallen in 6 of the last 10 days and is down by -4.12% for this period. Volume has increased on the last day by 25 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, 90 thousand shares were bought and sold for approximately $63.13 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.674 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.85% during the next 3 months and, with a 90% probability hold a price between $0.533 and $0.638 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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BBGI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.715 and $0.775. 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). 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 for Beasley Broadcast Group stock
Beasley Broadcast Group finds support from accumulated volume at $0.681 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 $0.0600 between high and low, or 8.70%. For the last week, the stock has had daily average volatility of 7.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBGI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Beasley Broadcast Group to open at $0.713, and during the day (based on 14 day Average True Range), to move between $0.646 and $0.754, which gives a possible trading interval of +/-$0.0541 (+/-7.74%) up or down from last closing price. If Beasley Broadcast Group takes out the full calculated possible swing range there will be an estimated 15.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.681 (2.76%) than the resistance at $0.729 (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -3.604 Sell Candidate Unchanged
Predicted Opening Price for Beasley Broadcast Group of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.713 ( 1.91%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.773 | 10.49 % | |
| R2 | 0.750 | 7.21 % | ||
| R1 | 0.736 | 5.19 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.690 | -1.36 % | |
| S2 | 0.676 | -3.38 % | ||
| S3 | 0.653 | -6.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.84 | 20.37 % | |
| R2 | 0.750 | 7.16 % | ||
| R1 | 0.729 | 4.13 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.681 | -2.76% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BBGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2020 | Mar 30, 2020 | Apr 07, 2020 | $0.0500 | 2.84% |
| 2 | Dec 09, 2019 | Dec 30, 2019 | Jan 10, 2020 | $0.0500 | 1.58% |
| 3 | Aug 22, 2019 | Sep 27, 2019 | Oct 07, 2019 | $0.0500 | 1.72% |
| 4 | May 30, 2019 | Jun 27, 2019 | Jul 05, 2019 | $0.0500 | 1.61% |
| 5 | Mar 05, 2019 | Mar 28, 2019 | Apr 05, 2019 | $0.0500 | 1.32% |
FAQ
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