Blue Earth Inc Stock Forecast
Green day on Friday for Blue Earth Inc
(Updated on Jun 14, 2024)
The Blue Earth Inc stock price gained 0.166% on the last trading day (Friday, 14th Jun 2024), rising from $12.02 to $12.04. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.711% from a day low at $11.96 to a day high of $12.04. The price has risen in 7 of the last 10 days and is up by 2.82% over the past 2 weeks. Volume fell on the last day by -105 thousand shares and in total, 32 thousand shares were bought and sold for approximately $383.29 thousand. 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.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $12.04 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.57% during the next 3 months and, with a 90% probability hold a price between $11.78 and $12.47 at the end of this 3-month period.
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BBLU Signals & Forecast
The Blue Earth Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.92 and $11.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.27%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Blue Earth Inc stock
Blue Earth Inc finds support from accumulated volume at $11.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0850 between high and low, or 0.711%. For the last week the stock has had daily average volatility of 0.637%
Our recommended stop-loss: $11.68 (-3.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (BBLU) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Blue Earth Inc to open at $12.01, and during the day (based on 14 day Average True Range), to move between $11.95 and $12.13, which gives a possible trading interval of +/-$0.0942 (+/-0.78%) up or down from last closing price. If Blue Earth Inc takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.61, some $0.430 (3.57%) from the current price of $12.04, our system finds the risk reward attractive.
Is Blue Earth Inc stock A Buy?
Blue Earth Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Blue Earth Inc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $12.01 ( 0.235%) | $12.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBLU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.10 | 0.471% |
| R2 | 12.06 | 0.201% |
| R1 | 12.04 | 0.0344% |
| Price | 12.04 | |
| S1 | 11.98 | -0.505% |
| S2 | 11.96 | -0.672% |
| S3 | 11.93 | -0.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 12.04 | |
| S1 | 11.61 | -3.57% |
| S2 | 11.50 | -4.49% |
| S3 | 11.43 | -5.07% |
BBLU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.174 | 1.70% |
| 2 | Dec 28, 2022 | Dec 29, 2022 | Jan 06, 2023 | $2.58 | 31.41% |
FAQ
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