Bath & Body Works Inc Stock Forecast
Bath & Body Works Inc stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Bath & Body Works Inc stock price fell by -0.83% on the last day (Tuesday, 2nd Jul 2024) from $38.44 to $38.12. During the last trading day the stock fluctuated 1.69% from a day low at $37.94 to a day high of $38.58. The price has fallen in 8 of the last 10 days and is down by -9.48% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -390 thousand shares and in total, 2 million shares were bought and sold for approximately $79.46 million.
Given the current short-term trend, the stock is expected to fall -6.71% during the next 3 months and, with a 90% probability hold a price between $35.56 and $47.31 at the end of this 3-month period.
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BBWI Signals & Forecast
There are few to no technical positive signals at the moment. The Bath & Body Works Inc 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 $39.59 and $45.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -26.61%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bath & Body Works Inc stock
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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.640 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 2.80%.
Bath & Body Works Inc is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBWI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Bath & Body Works Inc to open at $38.21, and during the day (based on 14 day Average True Range), to move between $36.76 and $39.48, which gives a possible trading interval of +/-$1.36 (+/-3.57%) up or down from last closing price. If Bath & Body Works Inc takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $43.83, some $5.71 (14.98%) from the current price of $38.12, our system finds the risk reward not very attractive.
Is Bath & Body Works Inc stock A Buy?
Bath & Body Works Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.862 Sell Candidate Upgraded
Predicted Opening Price for Bath & Body Works Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $38.21 ( 0.245%) | $38.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBWI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.85 | 1.92% |
| R2 | 38.61 | 1.28% |
| R1 | 38.46 | 0.89% |
| Price | 38.12 | |
| S1 | 37.97 | -0.397% |
| S2 | 37.82 | -0.793% |
| S3 | 37.57 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.22 | 23.87% |
| R2 | 45.17 | 18.49% |
| R1 | 43.83 | 14.98% |
| Price | 38.12 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BBWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.200 | 0.477% |
| 2 | Feb 09, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.200 | 0.447% |
| 3 | Nov 03, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.200 | 0.590% |
| 4 | Aug 04, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.200 | 0.524% |
| 5 | May 12, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.200 | 0.513% |
FAQ
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