Bell Financial Group Limited Stock Forecast
Red day on Wednesday for Bell Financial Group Limited
(Updated on Apr 24, 2024)
No changes to the price of Bell Financial Group Limited stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.89% from a day low at $1.33 to a day high of $1.35. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bell Financial Group Limited stock with a 90% probability to be traded between $1.31 and $1.45 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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BFG.AX Signals & Forecast
The Bell Financial Group 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 $1.35. On a fall, the stock will find some support from the long-term average at approximately $1.34. 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 Monday, April 22, 2024, and so far it has fallen -2.55%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bell Financial Group Limited stock
Bell Financial Group Limited finds support from accumulated volume at $1.34 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0250 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.92%
Our recommended stop-loss: $1.27 (-4.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BFG.AX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bell Financial Group Limited to open at $1.34, and during the day (based on 14 day Average True Range), to move between $1.31 and $1.37, which gives a possible trading interval of +/-$0.0318 (+/-2.38%) up or down from last closing price. If Bell Financial Group Limited takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.34 (0.37%) than the resistance at $1.35 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bell Financial Group Limited 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 Bell Financial Group Limited stock to perform well in the short-term period.
Current score: 2.456 Buy Candidate Unchanged
Predicted Opening Price for Bell Financial Group Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$1.34 ( 0.124%) | $1.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFG.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.36 | 1.74 % | |
R2 | 1.35 | 1.03 % | ||
R1 | 1.35 | 0.588 % | ||
Current price: | 1.34 | |||
Support | S1 | 1.33 | -0.84 % | |
S2 | 1.32 | -1.28 % | ||
S3 | 1.31 | -1.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.38 | 2.99 % | |
R2 | 1.38 | 2.61 % | ||
R1 | 1.35 | 0.746 % | ||
Current price | 1.34 | |||
Support | S1 | 1.34 | -0.373% | |
S2 | 1.33 | -0.746% | ||
S3 | 1.30 | -2.99% |
BFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.0400 | 3.08% |
2 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | $0.0450 | 4.41% |
3 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | $0.0250 | 2.27% |
4 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | $0.0650 | 4.58% |
5 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | $0.0450 | 2.68% |
FAQ
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