Bausch Health Companies Inc. Stock Forecast
Red day on Friday for Bausch Health Companies Inc.
(Updated on May 03, 2024)
The Bausch Health Companies Inc. stock price fell by -3.35% on the last day (Friday, 3rd May 2024) from $11.05 to $10.68. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.85% from a day low at $10.59 to a day high of $11.21. The price has been going up and down for this period, and there has been a -10.55% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -438 thousand shares and in total, 341 thousand shares were bought and sold for approximately $3.64 million.
Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with a 90% probability hold a price between $11.10 and $15.15 at the end of this 3-month period.
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BHC.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bausch Health Companies 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 $11.66 and $12.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -25.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bausch Health Companies Inc. stock
Bausch Health Companies Inc. finds support from accumulated volume at $10.54 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 $0.620 between high and low, or 5.85%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHC.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bausch Health Companies Inc. to open at $10.83, and during the day (based on 14 day Average True Range), to move between $10.15 and $11.21, which gives a possible trading interval of +/-$0.531 (+/-4.98%) up or down from last closing price. If Bausch Health Companies Inc. takes out the full calculated possible swing range there will be an estimated 9.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.54 (1.31%) than the resistance at $12.07 (13.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bausch Health Companies Inc. stock A Buy?
The Bausch Health Companies Inc. stock holds several negative signals and despite the positive trend, we believe Bausch Health Companies Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.462 Sell Candidate Unchanged
Predicted Opening Price for Bausch Health Companies Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.83 ( 1.37%) | $10.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.45 | 7.18 % | |
| R2 | 11.21 | 4.96 % | ||
| R1 | 11.06 | 3.59 % | ||
| Current price: | 10.68 | |||
| Support | S1 | 10.59 | -0.84 % | |
| S2 | 10.44 | -2.21 % | ||
| S3 | 10.21 | -4.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.28 | 14.98 % | |
| R2 | 12.16 | 13.86 % | ||
| R1 | 12.07 | 13.01 % | ||
| Current price | 10.68 | |||
| Support | S1 | 10.54 | -1.31% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2010 | Aug 30, 2010 | Aug 30, 2010 | $0.0970 | 0.403% |
| 2 | May 31, 2010 | May 31, 2010 | May 31, 2010 | $0.0970 | 0.621% |
| 3 | Mar 04, 2010 | Mar 04, 2010 | Mar 04, 2010 | $0.0950 | 0.598% |
| 4 | Nov 30, 2009 | Nov 30, 2009 | Nov 30, 2009 | $0.0960 | 0.634% |
| 5 | Aug 28, 2009 | Aug 28, 2009 | Aug 28, 2009 | $0.0960 | 0.689% |
FAQ
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