Bell Financial Group Limited Stock Forecast
Green day on Monday for Bell Financial Group Limited stock after gaining 0.741%
(Updated on May 06, 2024)
The Bell Financial Group Limited stock price gained 0.741% on the last trading day (Monday, 6th May 2024), rising from $1.35 to $1.36. During the last trading day the stock fluctuated 2.99% from a day low at $1.34 to a day high of $1.38. The price has risen in 5 of the last 10 days and is up by 0.74% 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, 205 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $436.45 thousand.
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 $1.28 and $1.41 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 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 $1.35 and $1.34. A breakdown below any of these levels will issue sell signals. Bell Financial Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -1.09%. 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 Financial Group Limited stock
Bell Financial Group Limited finds support from accumulated volume at $1.35 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 $0.0400 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $1.30 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (BFG.AX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bell Financial Group Limited to open at $1.36, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.39, which gives a possible trading interval of +/-$0.0289 (+/-2.12%) 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 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.35 (0.74%) than the resistance at $1.38 (1.10%), 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: 1.424 Buy Candidate Unchanged
Predicted Opening Price for Bell Financial Group Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $1.36 ( 0%) | $1.36 |
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 | 1.40 | 2.94 % | |
| R2 | 1.38 | 1.82 % | ||
| R1 | 1.38 | 1.12 % | ||
| Current price: | 1.36 | |||
| Support | S1 | 1.34 | -1.12 % | |
| S2 | 1.34 | -1.82 % | ||
| S3 | 1.32 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.42 | 4.41 % | |
| R2 | 1.38 | 1.47 % | ||
| R1 | 1.38 | 1.10 % | ||
| Current price | 1.36 | |||
| Support | S1 | 1.35 | -0.735% | |
| S2 | 1.34 | -1.47% | ||
| S3 | 1.30 | -4.41% |
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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