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Balchem Corporation Stock Forecast

NASDAQ:BCPC BUY

$136.65 (0.85%)

Volume: 55.591k

Closed: Aug 16, 2022

Hollow Logo Score: 5.734

Balchem Corporation Stock Forecast

BUY NASDAQ:BCPC
$136.65 (0.85%)

Volume: 55.591k

Closed: Aug 16, 2022

Score Hollow Logo 5.734
Which way will BCPC go? Request
Tue, Aug 16, 2022 Strong Buy Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold
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Balchem Corporation stock upgraded to Strong Buy Candidate.
(Updated on Aug 16, 2022)


Buy candidate since 2022-08-16 PDF

The Balchem Corporation stock price gained 0.85% on the last trading day (Tuesday, 16th Aug 2022), rising from $135.50 to $136.65. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.72% from a day low at $134.51 to a day high of $136.82. The price has risen in 9 of the last 10 days and is up by 9.73% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 56 thousand shares were bought and sold for approximately $7.60 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $138.21 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.62% during the next 3 months and, with a 90% probability hold a price between $133.32 and $151.50 at the end of this 3-month period.

Signals & Forecast

The Balchem Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $131.03 and $130.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 02, 2022, and so far it has risen 9.73%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, July 15, 2022 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, July 15, 2022 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $126.60 and $118.10. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Balchem Corporation finds support just below today's level at $126.60. If this is broken, then the next support from accumulated volume will be at $118.10 and $114.59.

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 $2.32 between high and low, or 1.72%. For the last week, the stock has had a daily average volatility of 2.17%.

Since the Balchem Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $131.93 (-3.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday 17th we expect Balchem Corporation to open at $135.99, and during day (based on 14 day Average True Range), to move between $133.62 and $139.68, which gives a possible trading interval of +/-$3.03 (+/-2.22%) up or down from last closing price. If Balchem Corporation takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $10.05 (7.35%) our system find the risk reward attractive.

Is Balchem Corporation stock A Buy?

Balchem Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.734

Strong Buy Candidate Upgraded

Predicted Opening Price for Balchem Corporation of Wednesday, August 17, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 17, 2022 Current price
$135.99 $136.65 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 138.31 1.21 %
137.42 0.57 %
136.88 0.17 %
Current price: 136.65
Support 135.11 -1.13 %
134.56 -1.53 %
133.68 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 136.65
Support 126.60 -7.35%
118.10 -13.57%
114.59 -16.14%

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About Balchem Corporation

Balchem Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets in the United States and internationally. It operates through three segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products. The Human Nutrition & Health segment supplies ingredients in the... Read more

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