Barrett Business Services Stock Forecast
Barrett Business Services stock price up 0.647% on Thursday
(Updated on Apr 18, 2024)
The Barrett Business Services stock price gained 0.647% on the last trading day (Thursday, 18th Apr 2024), rising from $120.58 to $121.36. During the last trading day the stock fluctuated 1.06% from a day low at $120.73 to a day high of $122.00. The price has risen in 6 of the last 10 days and is up by 0.28% 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, 8 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $4.36 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.33% during the next 3 months and, with a 90% probability hold a price between $131.86 and $144.39 at the end of this 3-month period.
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BBSI Signals & Forecast
There are mixed signals in the stock today. The Barrett Business Services 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 $121.76. On a fall, the stock will find some support from the short-term average at $120.47. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.23%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Barrett Business Services stock
Barrett Business Services finds support from accumulated volume at $120.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.28 (1.06%) between high and low. For the last week, the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBSI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Barrett Business Services to open at $121.36, and during the day (based on 14 day Average True Range), to move between $119.30 and $123.42, which gives a possible trading interval of +/-$2.06 (+/-1.70%) up or down from last closing price. If Barrett Business Services takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $121.99 (0.52%) than the support at $120.58 (0.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Barrett Business Services stock A Buy?
Barrett Business Services holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.442 Sell Candidate Unchanged
Predicted Opening Price for Barrett Business Services of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$121.36 ( 0.0014%) | $121.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBSI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 122.64 | 1.05 % | |
R2 | 122.15 | 0.651 % | ||
R1 | 121.85 | 0.403 % | ||
Current price: | 121.36 | |||
Support | S1 | 120.87 | -0.400 % | |
S2 | 120.57 | -0.648 % | ||
S3 | 120.09 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 125.62 | 3.51 % | |
R2 | 125.15 | 3.12 % | ||
R1 | 121.99 | 0.519 % | ||
Current price | 121.36 | |||
Support | S1 | 120.58 | -0.643% | |
S2 | 120.21 | -0.95% | ||
S3 | 119.00 | -1.94% |
BBSI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.300 | 0.237% |
2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | $0 | 0% |
3 | Aug 02, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.300 | 0.310% |
4 | May 01, 2023 | May 18, 2023 | Jun 02, 2023 | $0.300 | 0.344% |
5 | Feb 27, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.300 | 0.338% |
FAQ
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