Black Box Corp Stock Forecast
Black Box Corp stock price up 0.524% on Tuesday
(Updated on Jul 02, 2024)
The Black Box Corp stock price gained 0.524% on the last trading day (Tuesday, 2nd Jul 2024), rising from £152.80 to £153.60. During the last trading day the stock fluctuated 3.62% from a day low at £152.38 to a day high of £157.90. The price has fallen in 5 of the last 10 days but is still up by 0.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately £1.38 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £151.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.00% during the next 3 months and, with a 90% probability hold a price between £156.07 and £174.44 at the end of this 3-month period.
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BBOX.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.59%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Black Box Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £157.40. On a fall, the stock will find some support from the short-term average at £152.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Black Box Corp stock
Black Box Corp finds support from accumulated volume at £153.50 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 £5.52 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: £144.57 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (BBOX.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Black Box Corp to open at £154.63, and during the day (based on 14 day Average True Range), to move between £149.51 and £157.69, which gives a possible trading interval of +/-£4.09 (+/-2.66%) up or down from last closing price. If Black Box Corp takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £153.50 (0.07%) than the resistance at £155.40 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Black Box Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Black Box Corp stock to perform well in the short-term.
Current score: 1.188 Buy Candidate Unchanged
Predicted Opening Price for Black Box Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £154.63 ( 0.669%) | £153.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBOX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 160.14 | 4.26% |
| R2 | 158.04 | 2.89% |
| R1 | 156.74 | 2.04% |
| Price | 153.60 | |
| S1 | 152.52 | -0.703% |
| S2 | 151.22 | -1.55% |
| S3 | 149.11 | -2.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 165.20 | 7.55% |
| R2 | 156.50 | 1.89% |
| R1 | 155.40 | 1.17% |
| Price | 153.60 | |
| S1 | 153.50 | -0.0651% |
| S2 | 150.80 | -1.82% |
| S3 | 146.50 | -4.62% |
BBOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 07, 2024 | £1.83 | 1.16% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 02, 2024 | £2.05 | 1.32% |
| 3 | Nov 02, 2023 | Nov 02, 2023 | Nov 17, 2023 | £1.75 | 1.14% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £1.75 | 1.23% |
| 5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £1.75 | 1.19% |
FAQ
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