BJ Stock Forecast
BJ stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The BJ stock price gained 4.17% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.47 to $36.95. During the last trading day the stock fluctuated 5.05% from a day low at $35.28 to a day high of $37.06. The price has risen in 6 of the last 10 days and is up by 6.88% 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, 89 thousand more shares were traded than the day before. In total, 491 thousand shares were bought and sold for approximately $18.15 million.
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 6.04% during the next 3 months and, with a 90% probability hold a price between $35.62 and $40.83 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.
BJRI Signals & Forecast
Mostly positive signals in the chart today. The BJ 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 $35.15 and $35.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 8.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for BJ stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.03 and $34.68. 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, BJ finds support just below today's level at $35.03. If this is broken, then the next support from accumulated volume will be at $34.68 and $34.64.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.78 between high and low, or 5.05%. For the last week the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: $35.54 (-3.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (BJRI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BJ to open at $36.43, and during the day (based on 14 day Average True Range), to move between $35.84 and $38.06, which gives a possible trading interval of +/-$1.11 (+/-3.01%) up or down from last closing price. If BJ takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.41 (1.24%) than the support at $35.03 (5.20%), 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 BJ stock A Buy?
BJ holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.961 Strong Buy Candidate Upgraded
Predicted Opening Price for BJ of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $36.43 ( 1.41%) | $36.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BJRI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.21 | 3.41% |
| R2 | 37.53 | 1.57% |
| R1 | 37.11 | 0.433% |
| Price | 36.95 | |
| S1 | 35.75 | -3.25% |
| S2 | 35.33 | -4.38% |
| S3 | 34.65 | -6.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 37.41 | 1.24% |
| Price | 36.95 | |
| S1 | 35.03 | -5.20% |
| S2 | 34.68 | -6.14% |
| S3 | 34.64 | -6.25% |
BJRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2020 | Mar 09, 2020 | Mar 24, 2020 | $0.130 | 1.00% |
| 2 | Oct 21, 2019 | Nov 07, 2019 | Nov 25, 2019 | $0.130 | 0.314% |
| 3 | Jul 25, 2019 | Aug 09, 2019 | Aug 26, 2019 | $0.120 | 0.328% |
| 4 | Apr 25, 2019 | May 10, 2019 | May 27, 2019 | $0.120 | 0.269% |
| 5 | Feb 21, 2019 | Mar 11, 2019 | Mar 26, 2019 | $0.120 | 0.265% |
FAQ
Click here for our free guide on how to buy BJ Stock.
