Green day on Monday for BGC Partners stock after gaining 0.22%
(Updated on Nov 29, 2021)
Sell candidate since 2021-11-26 Gain 0.22% PDF
The BGC Partners stock price gained 0.22% on the last trading day (Monday, 29th Nov 2021), rising from $4.59 to $4.60. During the day the stock fluctuated 4.19% from a day low at $4.54 to a day high of $4.73. The price has fallen in 6 of the last 10 days and is down by -8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $15.00 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.36% during the next 3 months and, with a 90% probability hold a price between $4.39 and $5.30 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 0.22%. 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. The BGC Partners stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.69 and $5.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
BGC Partners finds support from accumulated volume at $4.59 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 $0.19 between high and low, or 4.19%. For the last week, the stock has had a daily average volatility of 3.48%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is BGC Partners stock A Buy?
BGC Partners holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.351
Predicted Opening Price for BGC Partners of Tuesday, November 30, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 30, 2021||Current price|
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BGCP Insider Trading
|Nov 22, 2021||Buy||10 661||Richards David||Class A Common Stock, par value $0.01 per share|
|Nov 22, 2021||Buy||10 661||Moran William J||Class A Common Stock, par value $0.01 per share|
|Nov 22, 2021||Buy||10 661||Bell Linda A||Class A Common Stock, par value $0.01 per share|
|Nov 22, 2021||Buy||10 661||Curwood Stephen T||Class A Common Stock, par value $0.01 per share|
|Nov 22, 2021||Buy||10 661||Mbanefo Arthur U||Class A Common Stock, par value $0.01 per share|
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