Becton Dickinson and Company Stock Forecast
Becton Dickinson and Company stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Becton Dickinson and Company stock price fell by -0.375% on the last day (Wednesday, 1st May 2024) from $234.60 to $233.72. During the last trading day the stock fluctuated 1.56% from a day low at $232.46 to a day high of $236.09. The price has risen in 6 of the last 10 days and is up by 0.65% over the past 2 weeks. Volume has increased on the last day by 782 thousand 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, 2 million shares were bought and sold for approximately $530.90 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.05% during the next 3 months and, with a 90% probability hold a price between $225.35 and $240.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BDX Signals & Forecast
There are mixed signals in the stock today. The Becton Dickinson and Company 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 $238.49. On a fall, the stock will find some support from the short-term average at $233.14. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Becton Dickinson and Company stock
Becton Dickinson and Company finds support from accumulated volume at $233.45 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 $3.63 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BDX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Becton Dickinson and Company to open at $234.09, and during the day (based on 14 day Average True Range), to move between $229.94 and $237.50, which gives a possible trading interval of +/-$3.78 (+/-1.62%) up or down from last closing price. If Becton Dickinson and Company takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $233.45 (0.12%) than the resistance at $241.72 (3.42%), 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
Becton Dickinson and Company will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.96. We will update the financials statements for Becton Dickinson and Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.73% in the first trading day after earnings release.
Is Becton Dickinson and Company stock A Buy?
Becton Dickinson and Company 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.872 Sell Candidate Downgraded
Predicted Opening Price for Becton Dickinson and Company of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$234.09 ( 0.158%) | $233.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 237.72 | 1.71 % | |
R2 | 236.33 | 1.12 % | ||
R1 | 235.48 | 0.752 % | ||
Current price: | 233.72 | |||
Support | S1 | 232.70 | -0.435 % | |
S2 | 231.85 | -0.80 % | ||
S3 | 230.46 | -1.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 246.25 | 5.36 % | |
R2 | 243.75 | 4.29 % | ||
R1 | 241.72 | 3.42 % | ||
Current price | 233.72 | |||
Support | S1 | 233.45 | -0.116% | |
S2 | 232.21 | -0.646% | ||
S3 | 231.01 | -1.16% |
BDX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2024 | Jun 10, 2024 | Jun 28, 2024 | $0.95 | 0.406% |
2 | Jan 23, 2024 | Mar 07, 2024 | Mar 29, 2024 | $0.95 | 0.384% |
3 | Dec 07, 2023 | Dec 07, 2023 | Dec 29, 2023 | $0.95 | 0.390% |
4 | Jul 25, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.91 | 0.352% |
5 | Apr 25, 2023 | Jun 08, 2023 | Jun 30, 2023 | $0.91 | 0.345% |
FAQ
Click here for our free guide on how to buy Becton Dickinson and Company Stock.