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$4.60 (0.22%)

Volume: 3M

Closed: Nov 29, 2021

Hollow Logo Score: -1.351

BGC Partners Stock Forecast

$4.60 (0.22%)

Volume: 3M

Closed: Nov 29, 2021

Score Hollow Logo -1.351
Which way will BGCP go? Request
Key Stats
P/E Ratio 40.17
Beta 1.44
Trailing Dividend Rate 0.87% ($0.0399)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

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%

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
$4.62 $4.60 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 3.48 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.48 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.08
Price: $4.60
Support: $4.59

BGCP Insider Trading Show all Trades

INSIDER POWER

4.807

Last 100 transactions
Buy: 216 591 951 | Sell: 45 059 658 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

4.807

Last 100 transactions
Buy: 216 591 951 | Sell: 45 059 658 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.81 4.64 %
4.74 3.06 %
4.70 2.09 %
Current price: 4.60
Support 4.55 -1.07 %
4.51 -2.05 %
4.43 -3.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.25 14.13 %
5.09 10.65 %
5.08 10.43 %
Current price 4.60
Support 4.59 -0.22%
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About BGC Partners

BGC Partners BGC Partners, Inc. operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. This segment also offers trade execution, ... Read more

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