Biglari Holdings Inc stock price ended on $165.89 on Friday after losing 0.712%
(Updated on Sep 22, 2023)
The Biglari Holdings Inc stock price fell by -0.712% on the last day (Friday, 22nd Sep 2023) from $167.08 to $165.89. During the last trading day the stock fluctuated 3.29% from a day low at $164.59 to a day high of $170.00. The price has fallen in 7 of the last 10 days and is down by -10.32% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately $641.50 thousand.
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.10% during the next 3 months and, with a 90% probability hold a price between $136.95 and $158.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
BH Signals & Forecast
There are few to no technical positive signals at the moment. The Biglari Holdings Inc 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 $168.16 and $182.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 25, 2023, and so far it has fallen -11.11%. 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). Biglari Holdings Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Biglari Holdings Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $5.41 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 2.75%.
Biglari Holdings Inc is oversold on RSI14 (18). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BH) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect Biglari Holdings Inc to open at $166.83, and during the day (based on 14 day Average True Range), to move between $161.34 and $170.44, which gives a possible trading interval of +/-$4.55 (+/-2.74%) up or down from last closing price. If Biglari Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $183.50, some $17.61 (10.62%) from the current price of $165.89, our system finds the risk reward not very attractive.
Is Biglari Holdings Inc stock A Buy?
Biglari Holdings Inc 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: -4.056 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for Biglari Holdings Inc of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 25, 2023||Current price|
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Fibonacci Support & Resistance Levels
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About Biglari Holdings Inc
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2021, it operated 199 Steak n Shake company-operated restaurants, 159 franchise partner units, and 178 traditional franchise units, as well as 3 Western Sizzlin company-operated restaurants and 38 franchised units. Th... BH Profile
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