BE Semiconductor Industries N.V. Stock Forecast
BE Semiconductor Industries N.V. stock upgraded to Buy Candidate.
(Updated on May 20, 2024)
The BE Semiconductor Industries N.V. stock price gained 2.96% on the last trading day (Monday, 20th May 2024), rising from 135.15€ to 139.15€. It has now gained 5 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 3.83% from a day low at 134.55€ to a day high of 139.70€. The price has risen in 8 of the last 10 days and is up by 9.44% over the past 2 weeks. Volume fell on the last day by -55 thousand shares and in total, 326 thousand shares were bought and sold for approximately 45.33€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and 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 -19.74% during the next 3 months and, with a 90% probability hold a price between 90.79€ and 118.98€ 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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BESI.AS Signals & Forecast
Mostly positive signals in the chart today. The BE Semiconductor Industries N.V. 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 134.00€ and 136.80€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 15.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for BE Semiconductor Industries N.V. stock
BE Semiconductor Industries N.V. finds support from accumulated volume at 136.00€ 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 5.15€ between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: 134.81€ (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (BESI.AS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BE Semiconductor Industries N.V. to open at 137.80€, and during the day (based on 14 day Average True Range), to move between 133.94€ and 144.36€, which gives a possible trading interval of +/-5.21€ (+/-3.74%) up or down from last closing price. If BE Semiconductor Industries N.V. takes out the full calculated possible swing range there will be an estimated 7.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 136.00€ (2.26%) than the resistance at 142.85€ (2.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BE Semiconductor Industries N.V. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.503 Buy Candidate Upgraded
Predicted Opening Price for BE Semiconductor Industries N.V. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 137.80€ ( 0.97%) | 139.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BESI.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.95 | 2.73 % | |
| R2 | 140.98 | 1.32 % | ||
| R1 | 139.77 | 0.444 % | ||
| Current price: | 139.15 | |||
| Support | S1 | 135.83 | -2.38 % | |
| S2 | 134.62 | -3.26 % | ||
| S3 | 132.65 | -4.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.30 | 17.36 % | |
| R2 | 149.35 | 7.33 % | ||
| R1 | 142.85 | 2.66 % | ||
| Current price | 139.15 | |||
| Support | S1 | 136.00 | -2.26% | |
| S2 | 130.95 | -5.89% | ||
| S3 | 130.40 | -6.29% |
BESI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | 2.15€ | 1.72% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 2.85€ | 3.50% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 3.33€ | 6.07% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 1.70€ | 2.71% |
| 5 | Feb 20, 2020 | May 05, 2020 | May 08, 2020 | 1.01€ | 2.84% |
FAQ
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