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Bright Health Group, Inc. Stock Forecast NYSE:BHG

$3.95 (-4.36%)

Volume: 5M

Closed: Dec 08, 2021

Hollow Logo Score: -3.516

Bright Health Group, Inc. Stock Forecast

$3.95 (-4.36%)

Volume: 5M

Closed: Dec 08, 2021

Score Hollow Logo -3.516
Which way will BHG go? Request

BHG Stock Risk

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 $0.26 between high and low, or 6.68%. For the last week, the stock has had a daily average volatility of 12.94%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 15 - 80 ] RSI14 is 42 and the stock is currently not being overbought or oversold

Bright Health Group, Inc. stock price ended on $3.95 on Wednesday after losing 4.36%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-01 Loss -53.53%

The Bright Health Group, Inc. stock price fell by -4.36% on the last day (Wednesday, 8th Dec 2021) from $4.13 to $3.95. During the day the stock fluctuated 6.68% from a day low at $3.89 to a day high of $4.15. The price has been going up and down for this period, and there has been a 3.13% gain 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 -6 million shares and in total, 5 million shares were bought and sold for approximately $20.50 million.

The stock lies in the middle of a very 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 -50.90% during the next 3 months and, with a 90% probability hold a price between $1.41 and $3.10 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 20.43%. Further rise is indicated until a new top pivot has been found. 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 Bright Health Group, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $5.95. On a fall, the stock will find some support from the short-term average at $3.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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

Bright Health Group, Inc. finds support from accumulated volume at $3.78 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 $0.26 between high and low, or 6.68%. For the last week, the stock has had a daily average volatility of 12.94%.

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

Is Bright Health Group, Inc. stock A Buy?

Bright Health Group, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.516

Predicted Opening Price for Bright Health Group, Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$4.00 $3.95 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Royal Bank of Canada" gave "$22.00 - $9.00" rating for BHG. The price target was set to $4.99+1.0%.

Volatility and Risk
Daily Average Volatility: 12.94 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.94 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.13
Price: $3.95
Support: $3.78

BHG Insider Trading Show all Trades

INSIDER POWER

9.458

Last 60 transactions
Buy: 350 370 953 | Sell: 37 043 252 (Shares)
Date Action Amount Person Type
Sep 08, 2021 Buy 50 000 Kadre Manuel Common Stock
Sep 08, 2021 Buy 50 000 Kadre Manuel Common Stock
Aug 25, 2021 Buy 16 276 Newhall Adair Common Stock
Aug 24, 2021 Buy 16 166 Newhall Adair Common Stock
Aug 23, 2021 Buy 16 252 Newhall Adair Common Stock
Show all Insider Trades
INSIDER POWER

9.458

Last 60 transactions
Buy: 350 370 953 | Sell: 37 043 252 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.26 7.76 %
4.16 5.25 %
4.10 3.70 %
Current price: 3.95
Support 3.90 -1.33 %
3.84 -2.89 %
3.74 -5.40 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.80 21.52 %
4.74 20.00 %
4.13 4.56 %
Current price 3.95
Support 3.78 -4.30%
3.36 -14.94%
3.28 -16.96%

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