Bel Fuse Inc. Stock Forecast

Buy candidate since Dec 02, 2024 Gain 3.06%

The Bel Fuse Inc. stock price gained 0.509% on the last trading day (Wednesday, 4th Dec 2024), rising from $84.44 to $84.87. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.32% from a day low at $83.74 to a day high of $86.52. The price has risen in 8 of the last 10 days and is up by 15.05% 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, 21 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately $6.80 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 11.10% during the next 3 months and, with a 90% probability hold a price between $80.17 and $99.82 at the end of this 3-month period.

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BELFB Signals & Forecast

The Bel Fuse Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $81.61 and $79.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, October 16, 2024, and so far it has fallen -0.153%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bel Fuse Inc. stock

Bel Fuse Inc. finds support from accumulated volume at $80.93 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 $2.78 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 3.15%.

Our recommended stop-loss: $81.81 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 34 days ago.)

Trading Expectations (BELFB) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect Bel Fuse Inc. to open at $85.04, and during the day (based on 14 day Average True Range), to move between $82.25 and $87.49, which gives a possible trading interval of +/-$2.62 (+/-3.08%) up or down from last closing price. If Bel Fuse Inc. takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $85.00 (0.15%) than the support at $80.93 (4.64%), 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 Bel Fuse Inc. stock A Buy?

Bel Fuse Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.172 Strong Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $85.04 ( 0.204%).