Bread Financial Holdings, Inc. Stock Forecast
Bread Financial Holdings, Inc. stock price up 0.467% on Tuesday
(Updated on Jun 18, 2024)
The Bread Financial Holdings, Inc. stock price gained 0.467% on the last trading day (Tuesday, 18th Jun 2024), rising from $40.65 to $40.84. During the last trading day the stock fluctuated 2.79% from a day low at $40.44 to a day high of $41.57. The price has risen in 6 of the last 10 days but is still down by -0.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 206 thousand more shares were traded than the day before. In total, 833 thousand shares were bought and sold for approximately $34.04 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $40.60, a level that may pose a second chance to hit a runner. According to fan-theory $43.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BFH Signals & Forecast
The Bread Financial Holdings, Inc. 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 $40.00 and $40.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.95%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Friday, May 31, 2024 and based on theory for this formation the price should fall by -2.60% to $39.78 within 4 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Bread Financial Holdings, Inc. stock
Bread Financial Holdings, Inc. finds support from accumulated volume at $40.71 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 $1.13 between high and low, or 2.79%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: $38.95 (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BFH) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Bread Financial Holdings, Inc. to open at $40.95, and during the day (based on 14 day Average True Range), to move between $39.56 and $42.12, which gives a possible trading interval of +/-$1.28 (+/-3.14%) up or down from last closing price. If Bread Financial Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.71 (0.32%) than the resistance at $41.16 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bread Financial Holdings, Inc. stock A Buy?
Bread Financial Holdings, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Bread Financial Holdings, Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $40.95 ( 0.269%) | $40.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.08 | 3.04% |
| R2 | 41.65 | 1.98% |
| R1 | 41.38 | 1.33% |
| Price | 40.84 | |
| S1 | 40.52 | -0.788% |
| S2 | 40.25 | -1.44% |
| S3 | 39.82 | -2.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.76 | 2.25% |
| R2 | 41.35 | 1.25% |
| R1 | 41.16 | 0.784% |
| Price | 40.84 | |
| S1 | 40.71 | -0.318% |
| S2 | 40.21 | -1.54% |
| S3 | 39.29 | -3.80% |
BFH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | Jun 14, 2024 | $0.210 | 0.534% |
| 2 | Jan 25, 2024 | Feb 08, 2024 | Mar 15, 2024 | $0.210 | 0.565% |
| 3 | Oct 26, 2023 | Nov 10, 2023 | Dec 15, 2023 | $0.210 | 0.629% |
| 4 | Jul 27, 2023 | Aug 10, 2023 | Sep 15, 2023 | $0.210 | 0.600% |
| 5 | Apr 27, 2023 | May 11, 2023 | Jun 16, 2023 | $0.210 | 0.683% |
FAQ
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