Bip Bermuda Holdings I Limited Stock Forecast
Green day on Wednesday for Bip Bermuda Holdings I Limited
(Updated on Jul 03, 2024)
The Bip Bermuda Holdings I Limited stock price gained 1.23% on the last trading day (Wednesday, 3rd Jul 2024), rising from $18.36 to $18.59. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.10% from a day low at $18.10 to a day high of $18.66. The price has risen in 6 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 7 thousand shares were bought and sold for approximately $125.45 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $18.70 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bip Bermuda Holdings I Limited stock with a 90% probability to be traded between $17.15 and $18.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BIPI Signals & Forecast
The Bip Bermuda Holdings I Limited 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 $18.14 and $18.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 5.57%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Bip Bermuda Holdings I Limited stock
Bip Bermuda Holdings I Limited finds support from accumulated volume at $18.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.562 between high and low, or 3.10%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: $17.61 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (BIPI) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Bip Bermuda Holdings I Limited to open at $18.45, and during the day (based on 14 day Average True Range), to move between $18.24 and $18.93, which gives a possible trading interval of +/-$0.341 (+/-1.84%) up or down from last closing price. If Bip Bermuda Holdings I Limited takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.61 (0.13%) than the support at $18.52 (0.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bip Bermuda Holdings I Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bip Bermuda Holdings I Limited stock to perform well in the short-term period.
Current score: 2.090 Buy Candidate Unchanged
Predicted Opening Price for Bip Bermuda Holdings I Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $18.45 ( 0.741%) | $18.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIPI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.01 | 2.28% |
| R2 | 18.80 | 1.13% |
| R1 | 18.66 | 0.414% |
| Price | 18.59 | |
| S1 | 18.23 | -1.90% |
| S2 | 18.10 | -2.61% |
| S3 | 17.89 | -3.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.24 | 3.52% |
| R2 | 19.09 | 2.71% |
| R1 | 18.61 | 0.132% |
| Price | 18.59 | |
| S1 | 18.52 | -0.352% |
| S2 | 18.40 | -1.00% |
| S3 | 17.97 | -3.31% |
BIPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.320 | 1.77% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.320 | 1.67% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.320 | 1.92% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.320 | 2.04% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.320 | 1.84% |
FAQ
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