Braemar Hotels & Resorts Inc. Stock Forecast
Braemar Hotels & Resorts Inc. stock price up more than 6.08% on Friday
(Updated on Apr 26, 2024)
The Braemar Hotels & Resorts Inc. stock price gained 6.08% on the last trading day (Friday, 26th Apr 2024), rising from $2.63 to $2.79. During the last trading day the stock fluctuated 6.84% from a day low at $2.63 to a day high of $2.81. The price has risen in 5 of the last 10 days and is up by 13.88% 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, 136 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately $778.60 thousand.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.13% during the next 3 months and, with a 90% probability hold a price between $2.01 and $2.94 at the end of this 3-month period.
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BHR Signals & Forecast
The Braemar Hotels & Resorts 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 $2.56 and $2.19. 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). Braemar Hotels & Resorts 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 Tuesday, April 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Braemar Hotels & Resorts Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.45 and $2.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Braemar Hotels & Resorts Inc. finds support just below today's level at $2.45. If this is broken, then the next support from accumulated volume will be at $2.40 and $2.37.
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 $0.180 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 10.18%.
Our recommended stop-loss: $2.69 (-3.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BHR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Braemar Hotels & Resorts Inc. to open at $2.74, and during the day (based on 14 day Average True Range), to move between $2.62 and $2.96, which gives a possible trading interval of +/-$0.173 (+/-6.21%) up or down from last closing price. If Braemar Hotels & Resorts Inc. takes out the full calculated possible swing range there will be an estimated 12.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.45, some $0.340 (12.19%) from the current price of $2.79, our system finds the risk reward attractive.
Is Braemar Hotels & Resorts 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 Braemar Hotels & Resorts Inc. stock to perform well in the short-term.
Current score: 2.641 Buy Candidate Unchanged
Predicted Opening Price for Braemar Hotels & Resorts Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.74 ( 1.67%) | $2.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.92 | 4.78 % | |
| R2 | 2.85 | 2.31 % | ||
| R1 | 2.81 | 0.792 % | ||
| Current price: | 2.79 | |||
| Support | S1 | 2.67 | -4.14 % | |
| S2 | 2.63 | -5.66 % | ||
| S3 | 2.56 | -8.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.79 | |||
| Support | S1 | 2.45 | -12.19% | |
| S2 | 2.40 | -13.98% | ||
| S3 | 2.37 | -15.05% |
BHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0500 | 1.79% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0500 | 2.04% |
| 3 | Oct 10, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0500 | 2.21% |
| 4 | Jul 11, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0500 | 1.77% |
| 5 | Apr 05, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0500 | 1.29% |
FAQ
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