Black Diamond Group Limited 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
Black Diamond Group Limited stock price ended at $7.89 on Friday, after gaining 0.510%.
(Updated on May 31, 2024)
The Black Diamond Group Limited stock price gained 0.510% on the last trading day (Friday, 31st May 2024), rising from $7.85 to $7.89. During the last trading day the stock fluctuated 0.764% from a day low at $7.85 to a day high of $7.91. The price has been going up and down for this period, and there has been a -1.99% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $424.91 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.63% during the next 3 months and, with a 90% probability hold a price between $6.84 and $7.46 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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BDI.TO Signals & Forecast
There are mixed signals in the stock today. The Black Diamond Group Limited 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 $7.91 and $8.26. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.510%. 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). Black Diamond Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Black Diamond Group Limited stock
Black Diamond Group Limited finds support from accumulated volume at $7.87 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 $0.0600 between high and low, or 0.764%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BDI.TO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Black Diamond Group Limited to open at $7.88, and during the day (based on 14 day Average True Range), to move between $7.73 and $8.05, which gives a possible trading interval of +/-$0.165 (+/-2.09%) up or down from last closing price. If Black Diamond Group Limited takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.87 (0.25%) than the resistance at $7.91 (0.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Black Diamond Group Limited stock A Buy?
Black Diamond Group Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.834 Sell Candidate Unchanged
Predicted Opening Price for Black Diamond Group Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $7.88 ( 0.0845%) | $7.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.94 | 0.676 % | |
| R2 | 7.92 | 0.385 % | ||
| R1 | 7.91 | 0.206 % | ||
| Current price: | 7.89 | |||
| Support | S1 | 7.86 | -0.375 % | |
| S2 | 7.85 | -0.554 % | ||
| S3 | 7.82 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.90 | 12.80 % | |
| R2 | 8.00 | 1.39 % | ||
| R1 | 7.91 | 0.253 % | ||
| Current price | 7.89 | |||
| Support | S1 | 7.87 | -0.253% | |
| S2 | 7.85 | -0.507% | ||
| S3 | 0 | . |
BDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2024 | Jun 30, 2024 | Jul 15, 2024 | $0.0300 | 0.380% |
| 2 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0300 | 0.380% |
| 3 | Feb 29, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0300 | 0.358% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 5 | Aug 03, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.0200 | 0.308% |
FAQ
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