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Balchem Corporation Stock Forecast NASDAQ:BCPC

$138.45 (-0.48%)

Volume: 74k

Closed: September 16, 2021

Score: 1.520

Balchem Corporation Stock Forecast

$138.45 (-0.48%)

Volume: 74k

Closed: September 16, 2021

Score 1.520
Which way will BCPC go? Request
Stop-loss: $132.40 (-4.37%)
Key Stats
P/E Ratio 49.87
Beta 0.63
Trailing Dividend Rate 0.42% ($0.58)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

Red day on Thursday for Balchem Corporation stock after losing 0.48%
(Updated on September 16, 2021)


Buy or Hold candidate since 2021-09-08 Loss -1.86%

The Balchem Corporation stock price fell by -0.48% on the last day (Thursday, 16th Sep 2021) from $139.12 to $138.45. During the day the stock fluctuated 1.55% from a day low at $137.29 to a day high of $139.42. The price has fallen in 6 of the last 10 days and is down by -1.05% 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 -2 thousand shares and in total, 74 thousand shares were bought and sold for approximately $10.25 million.

The stock lies in the middle of a 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 6.69% during the next 3 months and, with a 90% probability hold a price between $141.54 and $153.01 at the end of this 3-month period.

Signals & Forecast

The Balchem Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $139.10. On a fall, the stock will find some support from the long-term average at approximately $135.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 02, 2021, and so far it has fallen -2.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months 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

Balchem Corporation finds support from accumulated volume at $131.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.13 (1.55%) between high and low. For the last week, the stock has had a daily average volatility of 1.82%.

Our recommended stop-loss: $132.40 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Is Balchem Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Balchem Corporation stock to perform well in the short-term.

Current score: 1.520

Predicted Opening Price for Balchem Corporation of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$138.39 $138.45 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On August 02, 2021 "Stephens" gave "" rating for BCPC. The price target was set to $134.89+0.5%.

Volatility and Risk
Daily Average Volatility: 1.82 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.82 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $139.37
Price: $138.45
Support: $131.87

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 140.52 1.49 %
139.70 0.91 %
139.20 0.54 %
Current price: 138.45
Support 137.57 -0.63 %
137.07 -1.00 %
136.26 -1.58 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 140.72 1.64 %
140.42 1.42 %
139.37 0.66 %
Current price 138.45
Support 131.87 -4.75%
131.80 -4.80%
131.61 -4.94%

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About Balchem Corporation

Balchem Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. The company’s SensoryEffects segment offers creamer systems, dairy replacers, powdered fats, nutritional beverage bases, beverages, juice and dairy bases, chocolate systems, ice cream bases and variegates, cereals, gra... Read more

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