Badger Infrastructure Solutions Ltd. Stock Forecast
Badger Infrastructure Solutions Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
The Badger Infrastructure Solutions Ltd. stock price fell by -0.762% on the last day (Friday, 21st Jun 2024) from $41.99 to $41.67. During the last trading day the stock fluctuated 2.12% from a day low at $41.57 to a day high of $42.45. The price has fallen in 7 of the last 10 days and is down by -1.04% for this period. Volume has increased on the last day by 859 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 100 thousand shares were bought and sold for approximately $4.15 million.
The stock lies the upper part of a wide and falling 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 $41.82 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.79% during the next 3 months and, with a 90% probability hold a price between $29.93 and $33.12 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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BDGI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 3.61%. 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. The Badger Infrastructure Solutions Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $42.22. On a fall, the stock will find some support from the short-term average at $41.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Badger Infrastructure Solutions Ltd. stock
Badger Infrastructure Solutions Ltd. finds support from accumulated volume at $41.65 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 $0.88 between high and low, or 2.12%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $40.49 (-2.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (BDGI.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Badger Infrastructure Solutions Ltd. to open at $41.90, and during the day (based on 14 day Average True Range), to move between $40.48 and $42.86, which gives a possible trading interval of +/-$1.19 (+/-2.86%) up or down from last closing price. If Badger Infrastructure Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.65 (0.05%) than the resistance at $42.20 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Badger Infrastructure Solutions Ltd. stock A Buy?
Badger Infrastructure Solutions Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.087 Hold/Accumulate Upgraded
Predicted Opening Price for Badger Infrastructure Solutions Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $41.90 ( 0.544%) | $41.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDGI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.78 | 2.66% |
| R2 | 42.44 | 1.85% |
| R1 | 42.23 | 1.35% |
| Price | 41.67 | |
| S1 | 41.56 | -0.263% |
| S2 | 41.35 | -0.761% |
| S3 | 41.02 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.38 | 8.90% |
| R2 | 43.30 | 3.91% |
| R1 | 42.20 | 1.27% |
| Price | 41.67 | |
| S1 | 41.65 | -0.0480% |
| S2 | 40.93 | -1.78% |
| S3 | 40.50 | -2.81% |
BDGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2024 | Jun 30, 2024 | Jul 15, 2024 | $0.180 | 0.432% |
| 2 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.180 | 0.432% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.180 | 0.372% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.173 | 0.393% |
| 5 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.173 | 0.491% |
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