BIRCHCLIFF ENERG NEW Stock Forecast
Stronger technical forecast for BIRCHCLIFF ENERG NEW stock price after Friday trading.
(Updated on May 03, 2024)
The BIRCHCLIFF ENERG NEW stock price gained 1.23% on the last trading day (Friday, 3rd May 2024), rising from $4.05 to $4.10. During the last trading day the stock fluctuated 1.43% from a day low at $4.04 to a day high of $4.10. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume fell on the last day by -2 thousand shares and in total, 11 thousand shares were bought and sold for approximately $43.55 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 stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.66% during the next 3 months and, with a 90% probability hold a price between $4.01 and $4.55 at the end of this 3-month period.
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BIREF Signals & Forecast
The BIRCHCLIFF ENERG NEW stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.11. On a fall, the stock will find some support from the long-term average at approximately $4.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 29, 2024, and so far it has fallen -2.61%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BIRCHCLIFF ENERG NEW stock
BIRCHCLIFF ENERG NEW finds support from accumulated volume at $3.93 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 $0.0580 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $3.93 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (BIREF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BIRCHCLIFF ENERG NEW to open at $4.08, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.22, which gives a possible trading interval of +/-$0.120 (+/-2.94%) up or down from last closing price. If BIRCHCLIFF ENERG NEW takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.14 (0.98%) than the support at $3.93 (4.15%), 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 BIRCHCLIFF ENERG NEW 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 BIRCHCLIFF ENERG NEW stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.306 Buy Candidate Upgraded
Predicted Opening Price for BIRCHCLIFF ENERG NEW of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$4.08 ( 0.472%) | $4.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIREF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.14 | 0.94 % | |
R2 | 4.12 | 0.403 % | ||
R1 | 4.10 | 0.0688 % | ||
Current price: | 4.10 | |||
Support | S1 | 4.06 | -1.01 % | |
S2 | 4.04 | -1.35 % | ||
S3 | 4.02 | -1.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.21 | 2.68 % | |
R2 | 4.15 | 1.22 % | ||
R1 | 4.14 | 0.98 % | ||
Current price | 4.10 | |||
Support | S1 | 3.93 | -4.15% | |
S2 | 3.78 | -7.80% | ||
S3 | 3.42 | -16.59% |
BIREF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0744 | 1.88% |
2 | Nov 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.140 | 3.21% |
3 | Aug 10, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.150 | 2.62% |
4 | Jun 09, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.150 | 2.52% |
5 | Mar 10, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.146 | 2.58% |
FAQ
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