BCE Inc Stock Forecast
BCE Inc stock price down 0.149% on Monday
(Updated on May 06, 2024)
The BCE Inc stock price fell by -0.149% on the last day (Monday, 6th May 2024) from $33.60 to $33.55. During the last trading day the stock fluctuated 0.99% from a day low at $33.49 to a day high of $33.82. The price has been going up and down for this period, and there has been a 1.98% gain for the last 2 weeks. 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 -3 thousand shares and in total, 2 million shares were bought and sold for approximately $71.37 million.
Given the current short-term trend, the stock is expected to fall -16.10% during the next 3 months and, with a 90% probability hold a price between $25.52 and $28.15 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 Signals & Forecast
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 $33.09 and $33.18. 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 4.48%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 BCE Inc stock
BCE Inc finds support from accumulated volume at $33.17 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 $0.330 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: $31.79 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (BCE) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BCE Inc to open at $33.62, and during the day (based on 14 day Average True Range), to move between $32.99 and $34.11, which gives a possible trading interval of +/-$0.562 (+/-1.67%) up or down from last closing price. If BCE Inc takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.17 (1.13%) than the resistance at $34.04 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 1.251 Buy Candidate Unchanged
Predicted Opening Price for BCE Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $33.62 ( 0.209%) | $33.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.95 | 1.19 % | |
| R2 | 33.82 | 0.82 % | ||
| R1 | 33.75 | 0.584 % | ||
| Current price: | 33.55 | |||
| Support | S1 | 33.49 | -0.167 % | |
| S2 | 33.42 | -0.399 % | ||
| S3 | 33.29 | -0.775 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.95 | 13.11 % | |
| R2 | 34.26 | 2.12 % | ||
| R1 | 34.04 | 1.46 % | ||
| Current price | 33.55 | |||
| Support | S1 | 33.17 | -1.13% | |
| S2 | 32.94 | -1.82% | ||
| S3 | 32.40 | -3.43% |
BCE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | Jun 14, 2024 | Jul 15, 2024 | $0.740 | 2.21% |
| 2 | Feb 08, 2024 | Mar 14, 2024 | Apr 15, 2024 | $0.741 | 2.29% |
| 3 | Nov 01, 2023 | Dec 14, 2023 | Jan 15, 2024 | $0.700 | 1.71% |
| 4 | Aug 03, 2023 | Sep 14, 2023 | Oct 16, 2023 | $0.730 | 1.89% |
| 5 | May 04, 2023 | Jun 14, 2023 | Jul 17, 2023 | $0.727 | 1.66% |
FAQ
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