Boise Cascade LLC Stock Forecast
Red day on Wednesday for Boise Cascade LLC stock after losing 0.197%
(Updated on May 01, 2024)
The Boise Cascade LLC stock price fell by -0.197% on the last day (Wednesday, 1st May 2024) from $132.27 to $132.01. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.37% from a day low at $131.01 to a day high of $135.42. The price has fallen in 7 of the last 10 days and is down by -4.2% 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 -96 thousand shares and in total, 233 thousand shares were bought and sold for approximately $30.82 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $132.80. A reaction back to this level may hold a second chance to get out before further falls.
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BCC Signals & Forecast
There are few to no technical positive signals at the moment. The Boise Cascade LLC 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 $136.68 and $143.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -13.93%. 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 Boise Cascade LLC stock
Boise Cascade LLC finds support from accumulated volume at $129.89 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 $4.41 between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 3.12%.
Boise Cascade LLC is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Boise Cascade LLC to open at $132.81, and during the day (based on 14 day Average True Range), to move between $127.31 and $136.71, which gives a possible trading interval of +/-$4.70 (+/-3.56%) up or down from last closing price. If Boise Cascade LLC takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $133.02 (0.77%) than the support at $129.89 (1.61%), 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.
Earnings coming up
Boise Cascade LLC will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.30. We will update the financials statements for Boise Cascade LLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.49% in the first trading day after earnings release.
Is Boise Cascade LLC stock A Buy?
The Boise Cascade LLC stock holds several negative signals and despite the positive trend, we believe Boise Cascade LLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.204 Sell Candidate Unchanged
Predicted Opening Price for Boise Cascade LLC of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $132.81 ( 0.609%) | $132.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.22 | 3.95 % | |
| R2 | 135.54 | 2.67 % | ||
| R1 | 134.50 | 1.88 % | ||
| Current price: | 132.01 | |||
| Support | S1 | 131.13 | -0.668 % | |
| S2 | 130.09 | -1.46 % | ||
| S3 | 128.40 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 138.91 | 5.23 % | |
| R2 | 135.87 | 2.92 % | ||
| R1 | 133.02 | 0.765 % | ||
| Current price | 132.01 | |||
| Support | S1 | 129.89 | -1.61% | |
| S2 | 126.54 | -4.14% | ||
| S3 | 125.11 | -5.23% |
BCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.200 | 0.152% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.80 | 0.682% |
| 3 | Jul 27, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.200 | 0.200% |
| 4 | May 04, 2023 | May 31, 2023 | Jun 15, 2023 | $3.15 | 3.97% |
| 5 | Feb 07, 2023 | Feb 21, 2023 | Mar 15, 2023 | $0.150 | 0.244% |
FAQ
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