Biglari Holdings Inc Stock Forecast
Biglari Holdings Inc stock price up 1.77% on Friday
(Updated on May 03, 2024)
The Biglari Holdings Inc stock price gained 1.77% on the last trading day (Friday, 3rd May 2024), rising from $200.40 to $203.94. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.17% from a day low at $199.38 to a day high of $205.70. The price has risen in 7 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $436.43 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.70% during the next 3 months and, with a 90% probability hold a price between $264.79 and $284.63 at the end of this 3-month period.
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BH Signals & Forecast
The Biglari Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $201.73 and $197.33. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Biglari Holdings Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Biglari Holdings Inc stock
Biglari Holdings Inc finds support from accumulated volume at $198.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.32 (3.17%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $195.49 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (BH) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Biglari Holdings Inc to open at $203.01, and during the day (based on 14 day Average True Range), to move between $198.07 and $209.81, which gives a possible trading interval of +/-$5.87 (+/-2.88%) up or down from last closing price. If Biglari Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $206.85 (1.43%) than the support at $198.41 (2.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Biglari Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Biglari Holdings Inc stock to perform well in the short-term.
Current score: 3.094 Buy Candidate Unchanged
Predicted Opening Price for Biglari Holdings Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$203.01 ( 0.458%) | $203.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 209.33 | 2.64 % | |
R2 | 206.91 | 1.46 % | ||
R1 | 205.42 | 0.726 % | ||
Current price: | 203.94 | |||
Support | S1 | 200.59 | -1.64 % | |
S2 | 199.10 | -2.37 % | ||
S3 | 196.69 | -3.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 206.85 | 1.43 % | ||
Current price | 203.94 | |||
Support | S1 | 198.41 | -2.71% | |
S2 | 197.97 | -2.93% | ||
S3 | 171.00 | -16.15% |
BH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 1996 | Jun 14, 1996 | Jun 14, 1996 | $0.270 | 0% |
2 | Nov 28, 1990 | Nov 28, 1990 | Nov 28, 1990 | $17.65 | 0% |
3 | Sep 17, 1990 | Sep 17, 1990 | Sep 17, 1990 | $0.208 | 0% |
4 | Jun 04, 1990 | Jun 04, 1990 | Jun 04, 1990 | $0.208 | 0% |
5 | Feb 26, 1990 | Feb 26, 1990 | Feb 26, 1990 | $0.208 | 0% |
FAQ
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