Braemar Hotels & Resorts Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
Click here for our free guide on how to buy Braemar Hotels & Resorts Inc. Stock.