Bell Equipment Limited Stock Forecast
Bell Equipment Limited stock price up 1.14% on Friday
(Updated on May 17, 2024)
The Bell Equipment Limited stock price gained 1.14% on the last trading day (Friday, 17th May 2024), rising from $2,719.00 to $2,750.00. During the last trading day the stock fluctuated 1.18% from a day low at $2,719.00 to a day high of $2,751.00. The price has been going up and down for this period, and there has been a 0.04% 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, 14 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $50.37 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 15.43% during the next 3 months and, with a 90% probability hold a price between $2,951.03 and $3,454.30 at the end of this 3-month period.
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BEL.JO Signals & Forecast
The Bell Equipment Limited 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 $2,822.14. On a fall, the stock will find some support from the long-term average at approximately $2,619.60. 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 Wednesday, May 08, 2024, and so far it has fallen -6.65%. 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 Bell Equipment Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $2,480.00 and $2,450.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bell Equipment Limited finds support just below today's level at $2,480.00. If this is broken, then the next support from accumulated volume will be at $2,450.00 and $2,400.00.
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 $32.00 between high and low, or 1.18%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: $2,594.63 (-5.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (BEL.JO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bell Equipment Limited to open at $2,740.00, and during the day (based on 14 day Average True Range), to move between $2,650.51 and $2,849.49, which gives a possible trading interval of +/-$99.49 (+/-3.62%) up or down from last closing price. If Bell Equipment Limited takes out the full calculated possible swing range there will be an estimated 7.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2,799.00 (1.78%) than the support at $2,480.00 (9.82%), 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 Bell Equipment Limited stock A Buy?
Bell Equipment Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.810 Hold/Accumulate Unchanged
Predicted Opening Price for Bell Equipment Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$2,740.00 ( 0.364%) | $2,750.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEL.JO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,772.00 | 0.80 % | |
R2 | 2,759.78 | 0.355 % | ||
R1 | 2,752.22 | 0.0809 % | ||
Current price: | 2,750.00 | |||
Support | S1 | 2,727.78 | -0.81 % | |
S2 | 2,720.22 | -1.08 % | ||
S3 | 2,708.00 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,946.00 | 7.13 % | |
R2 | 2,866.00 | 4.22 % | ||
R1 | 2,799.00 | 1.78 % | ||
Current price | 2,750.00 | |||
Support | S1 | 2,480.00 | -9.82% | |
S2 | 2,450.00 | -10.91% | ||
S3 | 2,400.00 | -12.73% |
BEL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | $90.00 | 5.31% |
2 | Apr 20, 2022 | Apr 20, 2022 | Apr 20, 2022 | $50.00 | 3.45% |
3 | Sep 25, 2019 | Sep 25, 2019 | Sep 25, 2019 | $20.00 | 2.22% |
4 | Apr 03, 2019 | Apr 03, 2019 | Apr 03, 2019 | $25.00 | 2.48% |
5 | Sep 19, 2018 | Sep 19, 2018 | Sep 19, 2018 | $20.00 | 1.60% |
FAQ
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