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Big 5 Sporting Goods Corporation Stock Forecast NASDAQ:BGFV

$20.97 (0.24%)

Volume: 934k

Closed: Dec 07, 2021

Hollow Logo Score: -4.279

Big 5 Sporting Goods Corporation Stock Forecast

$20.97 (0.24%)

Volume: 934k

Closed: Dec 07, 2021

Score Hollow Logo -4.279
Which way will BGFV go? Request
Key Stats
P/E Ratio 4.51
Beta 1.95
Trailing Dividend Rate 3.82% ($0.80)
* 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 ] The Big 5 Sporting Goods Corporation stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Green day on Tuesday for Big 5 Sporting Goods Corporation stock after gaining 0.24%
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-19 Loss -18.78%

The Big 5 Sporting Goods Corporation stock price gained 0.24% on the last trading day (Tuesday, 7th Dec 2021), rising from $20.92 to $20.97. During the day the stock fluctuated 5.41% from a day low at $20.90 to a day high of $22.03. The price has fallen in 8 of the last 10 days and is down by -24.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 934 thousand shares were bought and sold for approximately $19.59 million.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.12% during the next 3 months and, with a 90% probability hold a price between $22.24 and $47.75 at the end of this 3-month period.

Signals & Forecast

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 Big 5 Sporting Goods Corporation 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 $22.42 and $28.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -52.66%. 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

Big 5 Sporting Goods Corporation finds support from accumulated volume at $20.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.13 between high and low, or 5.41%. For the last week, the stock has had a daily average volatility of 8.24%.

Big 5 Sporting Goods Corporation is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Big 5 Sporting Goods Corporation stock A Buy?

The Big 5 Sporting Goods Corporation stock holds several negative signals and despite the positive trend, we believe Big 5 Sporting Goods Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.279

Predicted Opening Price for Big 5 Sporting Goods Corporation of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$21.30 $20.97 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 04, 2021 "Lake Street Capital" gave "$26.00 - $31.00" rating for BGFV. The price target was set to $23.90+3.7%.

Volatility and Risk
Daily Average Volatility: 8.24 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.24 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $23.04
Price: $20.97
Support: $20.92

BGFV Insider Trading Show all Trades

INSIDER POWER

0.179

Last 100 transactions
Buy: 132 130 | Sell: 737 447 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 4 981 Jessick David Common Stock, par value $.01
Dec 01, 2021 Buy 1 659 Dunbar Jennifer Holden Common Stock, par value $.01
Nov 15, 2021 Sell 10 000 Miller Steven G Common Stock, par value $.01
Nov 15, 2021 Sell 10 000 Miller Steven G Common Stock, par value $.01
Nov 15, 2021 Sell 30 000 Miller Steven G Common Stock, par value $.01
Show all Insider Trades
INSIDER POWER

0.179

Last 100 transactions
Buy: 132 130 | Sell: 737 447 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.43 6.96 %
22.00 4.90 %
21.73 3.63 %
Current price: 20.97
Support 20.87 -0.48 %
20.60 -1.76 %
20.17 -3.81 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 25.82 23.13 %
24.98 19.12 %
23.04 9.87 %
Current price 20.97
Support 20.92 -0.24%
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About Big 5 Sporting Goods Corporation

Big 5 Sporting Goods Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. It also provides private label items, such as shoes, apparel, binoculars, camping equipment, fishing supplies, and ... Read more

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