BCE Inc. Stock Forecast
BCE Inc. stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The BCE Inc. stock price gained 1.17% on the last trading day (Wednesday, 1st May 2024), rising from $45.23 to $45.76. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.89% from a day low at $44.98 to a day high of $45.83. The price has risen in 6 of the last 10 days and is up by 3.02% 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, 302 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $140.17 million.
Given the current short-term trend, the stock is expected to fall -16.31% during the next 3 months and, with a 90% probability hold a price between $35.42 and $38.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BCE.TO Signals & Forecast
Mostly positive signals in the chart today. The BCE Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.14 and $45.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.46%. 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.
Support, Risk & Stop-loss for BCE Inc. stock
BCE Inc. finds support from accumulated volume at $44.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.85 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $43.33 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BCE.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BCE Inc. to open at $45.52, and during the day (based on 14 day Average True Range), to move between $45.09 and $46.43, which gives a possible trading interval of +/-$0.669 (+/-1.46%) up or down from last closing price. If BCE Inc. takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.06 (0.66%) than the support at $44.84 (2.01%), 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
BCE Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.690. We will update the financials statements for BCE Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.15% in the first trading day after earnings release.
Is BCE Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.376 Buy Candidate Upgraded
Predicted Opening Price for BCE Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $45.52 ( 0.517%) | $45.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCE.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.37 | 1.34 % | |
| R2 | 46.05 | 0.631 % | ||
| R1 | 45.85 | 0.192 % | ||
| Current price: | 45.76 | |||
| Support | S1 | 45.20 | -1.23 % | |
| S2 | 45.00 | -1.67 % | ||
| S3 | 44.67 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.19 | 7.50 % | |
| R2 | 46.61 | 1.86 % | ||
| R1 | 46.06 | 0.656 % | ||
| Current price | 45.76 | |||
| Support | S1 | 44.84 | -2.01% | |
| S2 | 44.72 | -2.27% | ||
| S3 | 44.66 | -2.40% |
BCE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 14, 2024 | Apr 15, 2024 | $1.00 | 2.23% |
| 2 | Nov 01, 2023 | Dec 14, 2023 | Jan 15, 2024 | $0.97 | 1.74% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Oct 16, 2023 | $0.97 | 1.84% |
| 4 | Jun 14, 2023 | Jun 14, 2023 | Jul 15, 2023 | $0.97 | 1.65% |
| 5 | Mar 14, 2023 | Mar 14, 2023 | Apr 17, 2023 | $0.97 | 1.51% |
FAQ
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