Bath & Body Works Inc Stock Forecast
Bath & Body Works Inc stock price ended at $45.13 on Tuesday, after gaining 2.71%.
(Updated on Apr 23, 2024)
The Bath & Body Works Inc stock price gained 2.69% on the last trading day (Tuesday, 23rd Apr 2024), rising from $43.94 to $45.12. During the last trading day the stock fluctuated 3.33% from a day low at $44.18 to a day high of $45.65. The price has fallen in 6 of the last 10 days and is down by -2.21% for this period. Volume fell on the last day by -415 thousand shares and in total, 2 million shares were bought and sold for approximately $87.46 million. 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 middle of a wide and weak 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 5.58% during the next 3 months and, with a 90% probability hold a price between $45.78 and $53.75 at the end of this 3-month period.
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BBWI Signals & Forecast
There are mixed signals in the stock today. The Bath & Body Works Inc 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 $46.04. On a fall, the stock will find some support from the short-term average at $44.06. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.49%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Bath & Body Works Inc stock
Bath & Body Works Inc finds support from accumulated volume at $45.10 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 $1.47 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 2.67%.
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 24th
For the upcoming trading day on Wednesday, 24th we expect Bath & Body Works Inc to open at $44.99, and during the day (based on 14 day Average True Range), to move between $43.76 and $46.50, which gives a possible trading interval of +/-$1.37 (+/-3.05%) 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 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.10 (0.07%) than the resistance at $45.49 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bath & Body Works Inc stock A Buy?
Bath & Body Works Inc 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: -1.449 Sell Candidate Unchanged
Predicted Opening Price for Bath & Body Works Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $44.99 ( 0.318%) | $45.13 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 46.46 | 2.94 % | |
| R2 | 45.90 | 1.70 % | ||
| R1 | 45.55 | 0.93 % | ||
| Current price: | 45.13 | |||
| Support | S1 | 44.43 | -1.56 % | |
| S2 | 44.08 | -2.33 % | ||
| S3 | 43.52 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.70 | 1.26 % | |
| R2 | 45.65 | 1.15 % | ||
| R1 | 45.49 | 0.798 % | ||
| Current price | 45.13 | |||
| Support | S1 | 45.10 | -0.0665% | |
| S2 | 43.94 | -2.64% | ||
| S3 | 43.32 | -4.01% |
BBWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.200 | 0.447% |
| 2 | Nov 03, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.200 | 0.590% |
| 3 | Aug 04, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.200 | 0.524% |
| 4 | May 12, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.200 | 0.513% |
| 5 | Feb 03, 2023 | Feb 16, 2023 | Mar 03, 2023 | $0.200 | 0.505% |
FAQ
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