Bekaert SA 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
Bekaert SA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Bekaert SA stock price gained 0.422% on the last trading day (Friday, 3rd May 2024), rising from 47.34€ to 47.54€. During the last trading day the stock fluctuated 1.44% from a day low at 47.06€ to a day high of 47.74€. The price has risen in 6 of the last 10 days and is up by 1.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately 1.58€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bekaert SA stock with a 90% probability to be traded between 46.32€ and 48.70€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BEKB.BB Signals & Forecast
The Bekaert SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 47.07€ and 47.27€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.12%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, March 01, 2024 and based on theory for this formation the price should fall by -1.62% to 46.77€ within 14 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Bekaert SA stock
Bekaert SA finds support from accumulated volume at 47.26€ 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 0.680€ between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: 45.11€ (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BEKB.BB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bekaert SA to open at 47.45€, and during the day (based on 14 day Average True Range), to move between 46.67€ and 48.41€, which gives a possible trading interval of +/-0.87€ (+/-1.83%) up or down from last closing price. If Bekaert SA takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 47.80€ (0.55%) than the support at 47.26€ (0.59%), 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.
Earnings coming up
Bekaert SA will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Bekaert SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.42% in the first trading day after earnings release.
Is Bekaert SA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bekaert SA stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.046 Buy Candidate Upgraded
Predicted Opening Price for Bekaert SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 47.45€ ( 0.196%) | 47.54€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 48.13 | 1.23 % | |
| R2 | 47.87 | 0.688 % | ||
| R1 | 47.71 | 0.350 % | ||
| Current price: | 47.54 | |||
| Support | S1 | 47.19 | -0.743 % | |
| S2 | 47.03 | -1.08 % | ||
| S3 | 46.77 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.02 | 1.01 % | |
| R2 | 47.96 | 0.88 % | ||
| R1 | 47.80 | 0.547 % | ||
| Current price | 47.54 | |||
| Support | S1 | 47.26 | -0.589% | |
| S2 | 46.76 | -1.64% | ||
| S3 | 46.70 | -1.77% |
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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