Brighthouse Financial Inc 6.25 % ETF Forecast
Brighthouse Financial Inc 6.25 % ETF price up 0.435% on Friday
(Updated on Apr 26, 2024)
The Brighthouse Financial Inc 6.25 % ETF price gained 0.435% on the last trading day (Friday, 26th Apr 2024), rising from $22.60 to $22.70. During the last trading day the ETF fluctuated 0.752% from a day low at $22.60 to a day high of $22.77. The price has risen in 6 of the last 10 days but is still down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $480.37 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brighthouse Financial Inc 6.25 % ETF with a 90% probability to be traded between $22.17 and $23.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BHFAL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.435%. Further rise is indicated until a new top pivot has been found. Brighthouse Financial Inc 6.25 % 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. The Brighthouse Financial Inc 6.25 % ETF 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 $22.83 and $23.06. 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).
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 5.50% to $23.95 within 36 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Brighthouse Financial Inc 6.25 % ETF
Brighthouse Financial Inc 6.25 % finds support from accumulated volume at $22.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.170 between high and low, or 0.752%. For the last week the ETF has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHFAL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global to open at $22.69, and during the day (based on 14 day Average True Range), to move between $22.24 and $23.15, which gives a possible trading interval of +/-$0.455 (+/-2.01%) up or down from last closing price. If Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.69 (0.04%) than the resistance at $22.81 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global ETF A Buy?
Brighthouse Financial Inc 6.25 % holds several negative signals and is within a narrow 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 ETF.
Current score: -2.736 Sell Candidate Unchanged
Predicted Opening Price for Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $22.69 ( 0.0395%) | $22.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHFAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.86 | 0.709 % | |
| R2 | 22.79 | 0.423 % | ||
| R1 | 22.75 | 0.246 % | ||
| Current price: | 22.70 | |||
| Support | S1 | 22.62 | -0.325 % | |
| S2 | 22.58 | -0.502 % | ||
| S3 | 22.52 | -0.788 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.10 | 1.77 % | |
| R2 | 23.06 | 1.59 % | ||
| R1 | 22.81 | 0.492 % | ||
| Current price | 22.70 | |||
| Support | S1 | 22.69 | -0.0370% | |
| S2 | 22.66 | -0.169% | ||
| S3 | 22.60 | -0.434% |
BHFAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.70% |
| 2 | Nov 23, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.80% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.66% |
| 4 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.70% |
| 5 | May 27, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.391 | 1.73% |
FAQ
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