RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BFAM
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Bright Horizons Family Solutions Inc stock price ended at $112.83 on Wednesday, after losing 0.150%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 6.61% PDF

The Bright Horizons Family Solutions Inc stock price fell by -0.150% on the last day (Wednesday, 27th Mar 2024) from $113.00 to $112.83. During the last trading day the stock fluctuated 1.65% from a day low at $111.82 to a day high of $113.67. The price has fallen in 7 of the last 10 days and is down by -4.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 thousand shares and in total, 255 thousand shares were bought and sold for approximately $28.73 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 26.83% during the next 3 months and, with a 90% probability hold a price between $137.73 and $154.91 at the end of this 3-month period.

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BFAM Signals & Forecast

The Bright Horizons Family Solutions Inc 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 $113.81. On a fall, the stock will find some support from the long-term average at approximately $110.85. 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. 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, March 13, 2024, and so far it has fallen -4.30%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Bright Horizons Family Solutions Inc stock

Bright Horizons Family Solutions Inc finds support from accumulated volume at $110.87 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 $1.85 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: $107.05 (-5.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (BFAM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bright Horizons Family Solutions Inc to open at $112.77, and during the day (based on 14 day Average True Range), to move between $110.56 and $115.10, which gives a possible trading interval of +/-$2.27 (+/-2.02%) up or down from last closing price. If Bright Horizons Family Solutions Inc takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $114.07 (1.10%) than the support at $110.87 (1.74%), 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 Bright Horizons Family Solutions Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bright Horizons Family Solutions Inc stock to perform well in the short-term.

Current score: 1.123 Buy Candidate Unchanged

Predicted Opening Price for Bright Horizons Family Solutions Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$112.77 ( 0.0502%) $112.83

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BFAM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 114.62 1.59 %
R2 113.92 0.96 %
R1 113.48 0.576 %
Current price: 112.83
Support S1 112.07 -0.677 %
S2 111.63 -1.06 %
S3 110.92 -1.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 114.86 1.80 %
R2 114.66 1.62 %
R1 114.07 1.10 %
Current price 112.83
Support S1 110.87 -1.74%
S2 109.35 -3.08%
S3 105.83 -6.20%

FAQ

What is the symbol for Bright Horizons Family Solutions Inc Stock and on which exchange is it traded?
The symbol for Bright Horizons Family Solutions Inc is BFAM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bright Horizons Family Solutions Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bright Horizons Family Solutions Inc stock to perform well in the short-term.

How to buy Bright Horizons Family Solutions Inc Stock?
Bright Horizons Family Solutions Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bright Horizons Family Solutions Inc Stock.

What's the current price of Bright Horizons Family Solutions Inc Stock?
As of the end of day on the 2024-03-27, the price of an Bright Horizons Family Solutions Inc (BFAM) share was $112.83.

What is the 52-week high and low for Bright Horizons Family Solutions Inc Stock?
The 52-week high for Bright Horizons Family Solutions Inc Stock is $119.21 and the 52-week low is $71.65.

What is the market capitalization of Bright Horizons Family Solutions Inc Stock?
As of the 2024-03-27, the market capitalization of Bright Horizons Family Solutions Inc is 6.54B.

When is the next earnings date for Bright Horizons Family Solutions Inc?
The upcoming earnings date for Bright Horizons Family Solutions Inc is May 07, 2024.
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About Bright Horizons Family Solutions Inc

Bright Horizons Family Solutions Bright Horizons Family Solutions Inc. provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services. The Full Service Center-Based Child Care segment offers traditional center-based child care and early education, preschool, an... BFAM Profile

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