BIC SA Stock Forecast
BIC SA stock price ended at $34.75 on Monday, after gaining 2.63%.
(Updated on Jun 17, 2024)
The BIC SA stock price gained 2.63% on the last trading day (Monday, 17th Jun 2024), rising from $33.86 to $34.75. During the last trading day the stock fluctuated 1.76% from a day low at $34.15 to a day high of $34.75. The price has fallen in 5 of the last 10 days and is down by -8.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $86.88 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $33.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.04% during the next 3 months and, with a 90% probability hold a price between $36.29 and $42.73 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.
BICEY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. BIC SA 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BIC SA 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 $35.79 and $36.17. 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).
Support, Risk & Stop-loss for BIC SA stock
BIC SA finds support from accumulated volume at $34.68 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 $0.600 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: $32.81 (-5.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BICEY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect BIC SA to open at $34.55, and during the day (based on 14 day Average True Range), to move between $33.93 and $35.57, which gives a possible trading interval of +/-$0.82 (+/-2.35%) up or down from last closing price. If BIC SA takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.68 (0.20%) than the resistance at $36.04 (3.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BIC SA stock A Buy?
BIC SA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.355 Hold/Accumulate Unchanged
Predicted Opening Price for BIC SA of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $34.55 ( 0.576%) | $34.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BICEY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.15 | 1.15% |
| R2 | 34.92 | 0.492% |
| R1 | 34.78 | 0.0840% |
| Price | 34.75 | |
| S1 | 34.32 | -1.24% |
| S2 | 34.18 | -1.64% |
| S3 | 33.95 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.10 | 9.64% |
| R2 | 36.92 | 6.24% |
| R1 | 36.04 | 3.72% |
| Price | 34.75 | |
| S1 | 34.68 | -0.201% |
| S2 | 34.63 | -0.337% |
| S3 | 34.18 | -1.65% |
BICEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 27, 2024 | $1.54 | 4.44% |
| 2 | May 24, 2023 | May 24, 2023 | Jun 15, 2023 | $1.41 | 4.71% |
| 3 | May 26, 2022 | May 26, 2022 | Jun 16, 2022 | $1.13 | 4.15% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | $1.10 | 2.81% |
FAQ
Click here for our free guide on how to buy BIC SA Stock.
