Balchem Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Balchem Corporation stock price after Friday trading.
(Updated on Apr 19, 2024)
The Balchem Corporation stock price gained 0.252% on the last trading day (Friday, 19th Apr 2024), rising from $143.12 to $143.48. During the last trading day the stock fluctuated 1.06% from a day low at $142.51 to a day high of $144.03. The price has fallen in 6 of the last 10 days and is down by -4.5% for this period. Volume fell on the last day by -23 thousand shares and in total, 90 thousand shares were bought and sold for approximately $12.90 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $143.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.89% during the next 3 months and, with a 90% probability hold a price between $151.70 and $173.05 at the end of this 3-month period.
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BCPC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.252%. 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. The Balchem Corporation 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 $145.71 and $152.76. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-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 for Balchem Corporation stock
Balchem Corporation finds support from accumulated volume at $142.73 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 $1.52 between high and low, or 1.06%. For the last week, the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $135.12 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BCPC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Balchem Corporation to open at $143.34, and during the day (based on 14 day Average True Range), to move between $140.80 and $146.16, which gives a possible trading interval of +/-$2.68 (+/-1.87%) up or down from last closing price. If Balchem Corporation takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $142.73 (0.52%) than the resistance at $153.66 (7.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Balchem Corporation will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.95. We will update the financials statements for Balchem Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.14% in the first trading day after earnings release.
Is Balchem Corporation stock A Buy?
Balchem Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.101 Hold/Accumulate Upgraded
Predicted Opening Price for Balchem Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $143.34 ( 0.0987%) | $143.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.85 | 0.96 % | |
| R2 | 144.27 | 0.554 % | ||
| R1 | 143.92 | 0.305 % | ||
| Current price: | 143.48 | |||
| Support | S1 | 142.76 | -0.502 % | |
| S2 | 142.40 | -0.751 % | ||
| S3 | 141.82 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.27 | 9.61 % | |
| R2 | 156.39 | 9.00 % | ||
| R1 | 153.66 | 7.10 % | ||
| Current price | 143.48 | |||
| Support | S1 | 142.73 | -0.523% | |
| S2 | 140.58 | -2.02% | ||
| S3 | 140.16 | -2.31% |
BCPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 05, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.400 | 0.291% |
| 2 | Dec 04, 2023 | Dec 26, 2023 | Jan 19, 2024 | $0.710 | 0.503% |
| 3 | Dec 05, 2022 | Dec 23, 2022 | Jan 20, 2023 | $0.710 | 0.565% |
| 4 | Dec 16, 2021 | Dec 27, 2021 | Jan 21, 2022 | $0.640 | 0.431% |
| 5 | Dec 17, 2020 | Dec 24, 2020 | Jan 22, 2021 | $0.580 | 0.492% |
FAQ
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