Bekaert SA Stock Forecast
Bekaert SA stock price down 0.295% on Friday
(Updated on Jun 21, 2024)
The Bekaert SA stock price fell by -0.295% on the last day (Friday, 21st Jun 2024) from 40.70€ to 40.58€. During the last trading day the stock fluctuated 1.14% from a day low at 40.26€ to a day high of 40.72€. The price has fallen in 6 of the last 10 days and is down by -3.33% for this period. Volume has increased on the last day by 57 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, 77 thousand shares were bought and sold for approximately 3.11€ 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 -15.08% during the next 3 months and, with a 90% probability hold a price between 33.78€ and 36.84€ 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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BEKB.BB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.745%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bekaert SA 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 40.73€ and 43.08€. 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). 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 Bekaert SA stock
Bekaert SA finds support from accumulated volume at 40.28€ 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 0.460€ between high and low, or 1.14%. For the last week, the stock has had daily average volatility of 1.66%.
Bekaert SA is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEKB.BB) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Bekaert SA to open at 40.52€, and during the day (based on 14 day Average True Range), to move between 39.90€ and 41.26€, which gives a possible trading interval of +/-0.682€ (+/-1.68%) up or down from last closing price. If Bekaert SA takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 40.28€ (0.74%) than the resistance at 41.90€ (3.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bekaert SA stock A Buy?
Bekaert SA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.579 Sell Candidate Unchanged
Predicted Opening Price for Bekaert SA of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 40.52€ ( 0.148%) | 40.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEKB.BB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.98 | 0.99% |
| R2 | 40.80 | 0.553% |
| R1 | 40.70 | 0.285% |
| Price | 40.58 | |
| S1 | 40.34 | -0.581% |
| S2 | 40.24 | -0.85% |
| S3 | 40.06 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.26 | 16.46% |
| R2 | 43.24 | 6.55% |
| R1 | 41.90 | 3.25% |
| Price | 40.58 | |
| S1 | 40.28 | -0.739% |
| S2 | 0 | - |
| S3 | 0 | - |
BEKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 14, 2024 | 1.26€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 1.65€ | 0% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 1.50€ | 0% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | 1.00€ | 0% |
| 5 | Nov 18, 2020 | Nov 18, 2020 | Nov 18, 2020 | 0.350€ | 0% |
FAQ
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