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Green day on Thursday for Beacon Roofing Supply
(Updated on Feb 13, 2025)

Buy or Hold candidate since Jan 13, 2025 Gain 13.07%

The Beacon Roofing Supply stock price gained 0.0252% on the last trading day (Thursday, 13th Feb 2025), rising from $119.19 to $119.22. During the last trading day the stock fluctuated 1.58% from a day low at $118.67 to a day high of $120.55. The price has been going up and down for this period, and there has been a 0.07% gain 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, 147 thousand more shares were traded than the day before. In total, 630 thousand shares were bought and sold for approximately $75.13 million.

The stock lies in the middle of a wide and strong 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 10.99% during the next 3 months and, with a 90% probability hold a price between $117.33 and $138.37 at the end of this 3-month period.

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BECN Signals & Forecast

The Beacon Roofing Supply 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 $119.37. On a fall, the stock will find some support from the long-term average at approximately $111.85. 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. Volume is rising along with the price. This is considered to be a good technical 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, February 06, 2025, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Beacon Roofing Supply stock

Beacon Roofing Supply finds support from accumulated volume at $117.18 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 $1.88 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $114.17 (-4.24%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BECN) For The Upcoming Trading Day Of Friday 14th

For the upcoming trading day on Friday, 14th we expect Beacon Roofing Supply to open at $119.48, and during the day (based on 14 day Average True Range), to move between $116.89 and $121.55, which gives a possible trading interval of +/-$2.33 (+/-1.95%) up or down from last closing price. If Beacon Roofing Supply takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $119.27 (0.04%) than the support at $117.18 (1.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Beacon Roofing Supply 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 Beacon Roofing Supply stock to perform well in the short-term.

Current score: 3.606 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on February 14, 2025 - $119.48 ( 0.218%).

BECN Performance

Trading levels for BECN

Fibonacci Support & Resistance Levels

Level Price
R3 121.36 1.80%
R2 120.64 1.19%
R1 120.20 0.82%
Price 119.22
S1 118.76 -0.384%
S2 118.32 -0.756%
S3 117.60 -1.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 120.50 1.07%
R2 119.55 0.277%
R1 119.27 0.0419%
Price 119.22
S1 117.18 -1.71%
S2 114.60 -3.88%
S3 108.51 -8.98%

FAQ

What is the symbol for Beacon Roofing Supply Stock and on which exchange is it traded?
The symbol for Beacon Roofing Supply is BECN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Beacon Roofing Supply Stock?
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 Beacon Roofing Supply stock to perform well in the short-term.

How to buy Beacon Roofing Supply Stock?
Beacon Roofing Supply Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Beacon Roofing Supply Stock.

What's the current price of Beacon Roofing Supply Stock?
As of the end of day on the Feb 13, 2025, the price of an Beacon Roofing Supply (BECN) share was $119.22.

What is the 52-week high and low for Beacon Roofing Supply Stock?
The 52-week high for Beacon Roofing Supply Stock is $121.42 and the 52-week low is $77.54.

What is the market capitalization of Beacon Roofing Supply Stock?
As of the Feb 13, 2025, the market capitalization of Beacon Roofing Supply is 7.376B.

When is the next earnings date for Beacon Roofing Supply?
The upcoming earnings date for Beacon Roofing Supply is Feb 27, 2025.
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ABOUT BEACON ROOFING SUPPLY
Beacon Roofing Supply
Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers. It offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam ...
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