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A$3.78 (-1.31%)

Volume: 314.768k

Closed: Sep 26, 2022

Hollow Logo Score: -4.238

Baby Bunting Group Limited Stock Forecast

A$3.78 (-1.31%)

Volume: 314.768k

Closed: Sep 26, 2022

Score Hollow Logo -4.238
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 32 and the stock is currently not being overbought or oversold
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Evaluation of Baby Bunting Group Limited stock downgraded after the last trading session.
(Updated on Sep 26, 2022)


Sell candidate since 2022-09-26 PDF

The Baby Bunting Group Limited stock price fell by -1.31% on the last day (Monday, 26th Sep 2022) from A$3.83 to A$3.78. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at A$3.74 to a day high of A$3.82. The price has fallen in 8 of the last 10 days and is down by -13.3% for this period. Volume has increased on the last day by 118 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, 315 thousand shares were bought and sold for approximately A$1.19 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$3.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.02% during the next 3 months and, with a 90% probability hold a price between A$3.37 and A$4.39 at the end of this 3-month period.

Signals & Forecast

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. The Baby Bunting Group Limited 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 A$3.99 and A$4.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 10, 2022, and so far it has fallen -22.86%. Further fall is indicated until a new bottom pivot has been found. Baby Bunting Group Limited 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".

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 A$0.0850 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.17%.

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

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Baby Bunting Group Limited to open at A$3.78, and during the day (based on 14 day Average True Range), to move between A$3.64 and A$3.92, which gives a possible trading interval of +/-A$0.14 (+/-3.64%) up or down from last closing price. If Baby Bunting Group Limited takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ A$0.19 (5.03%) our system find the risk reward not very attractive.

Is Baby Bunting Group Limited stock A Buy?

Baby Bunting Group Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.238

Sell Candidate Downgraded

Predicted Opening Price for Baby Bunting Group Limited of Tuesday, September 27, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price September 27, 2022 Current price
A$3.78 A$3.78 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.86 2.20 %
3.83 1.35 %
3.81 0.81 %
Current price: 3.78
Support 3.75 -0.90 %
3.73 -1.43 %
3.69 -2.29 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.65 23.02 %
4.36 15.34 %
3.97 5.03 %
Current price 3.78
Support 0 .
0 .
0 .

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About Baby Bunting Group Limited

Baby Bunting Group Limited Baby Bunting Group Limited, together with its subsidiaries, operates as specialty retailer of maternity and baby goods in Australia. The company's principal product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, and Manchester and associated accessories. Its products primarily cater to parents with children from newborn to three years of age, and parents-to-be. The company operates a network of... BBN.AX Profile

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