Big Lots Inc Stock Forecast
On Thursday, Big Lots Inc stock price gained an impressive 6.71%
(Updated on Apr 18, 2024)
The Big Lots Inc stock price gained 6.71% on the last trading day (Thursday, 18th Apr 2024), rising from $3.43 to $3.66. During the last trading day the stock fluctuated 8.21% from a day low at $3.44 to a day high of $3.72. The price has been going up and down for this period, and there has been a 0.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 863 thousand shares were bought and sold for approximately $3.16 million.
The stock lies the upper part of a very wide and falling 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 $4.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -40.04% during the next 3 months and, with a 90% probability hold a price between $1.00 and $2.41 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.
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BIG Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 13.66%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Big Lots 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 $4.08. On a fall, the stock will find some support from the short-term average at $3.53. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Big Lots Inc stock
Big Lots Inc finds support from accumulated volume at $3.65 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.282 between high and low, or 8.21%. For the last week, the stock has had daily average volatility of 8.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Big Lots Inc to open at $3.61, and during the day (based on 14 day Average True Range), to move between $3.33 and $3.99, which gives a possible trading interval of +/-$0.327 (+/-8.93%) up or down from last closing price. If Big Lots Inc takes out the full calculated possible swing range there will be an estimated 17.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.65 (0.27%) than the resistance at $3.86 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Big Lots Inc stock A Buy?
Big Lots 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: -3.936 Sell Candidate Unchanged
Predicted Opening Price for Big Lots Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.61 ( 1.48%) | $3.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.89 | 6.23 % | |
| R2 | 3.78 | 3.29 % | ||
| R1 | 3.71 | 1.47 % | ||
| Current price: | 3.66 | |||
| Support | S1 | 3.50 | -4.42 % | |
| S2 | 3.43 | -6.24 % | ||
| S3 | 3.32 | -9.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.43 | 21.04 % | |
| R2 | 4.42 | 20.77 % | ||
| R1 | 3.86 | 5.46 % | ||
| Current price | 3.66 | |||
| Support | S1 | 3.65 | -0.273% | |
| S2 | 3.61 | -1.37% | ||
| S3 | 3.45 | -5.74% |
BIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.300 | 2.74% |
| 2 | Nov 29, 2022 | Dec 13, 2022 | Dec 28, 2022 | $0.300 | 2.10% |
| 3 | Aug 25, 2022 | Sep 08, 2022 | Sep 23, 2022 | $0.300 | 1.61% |
| 4 | Mar 03, 2022 | Mar 17, 2022 | Apr 01, 2022 | $0.300 | 0.88% |
| 5 | Dec 03, 2021 | Dec 14, 2021 | Dec 29, 2021 | $0.300 | 0.674% |
FAQ
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