Brookdale Senior Living Inc Stock Forecast
Brookdale Senior Living Inc stock price up 2.66% on Tuesday
(Updated on Jul 02, 2024)
The Brookdale Senior Living Inc stock price gained 2.66% on the last trading day (Tuesday, 2nd Jul 2024), rising from $7.14 to $7.33. It has now gained 5 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 3.73% from a day low at $7.10 to a day high of $7.37. The price has risen in 6 of the last 10 days and is up by 10.89% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $10.65 million. 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 wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $7.46 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Brookdale Senior Living Inc stock with a 90% probability to be traded between $6.36 and $7.41 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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BKD Signals & Forecast
Mostly positive signals in the chart today. The Brookdale Senior Living Inc 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 $6.77 and $6.75. 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 14.35%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Brookdale Senior Living Inc stock
Brookdale Senior Living Inc finds support from accumulated volume at $7.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.265 (3.73%) between high and low. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: $7.10 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (BKD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Brookdale Senior Living Inc to open at $7.27, and during the day (based on 14 day Average True Range), to move between $7.12 and $7.54, which gives a possible trading interval of +/-$0.212 (+/-2.89%) up or down from last closing price. If Brookdale Senior Living Inc takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.36 (0.41%) than the support at $7.19 (1.91%), 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 Brookdale Senior Living Inc 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 Brookdale Senior Living Inc stock to perform well in the short-term period.
Current score: 4.483 Buy Candidate Unchanged
Predicted Opening Price for Brookdale Senior Living Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$7.27 ( 0.89%) | $7.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.53 | 2.73% |
R2 | 7.43 | 1.35% |
R1 | 7.37 | 0.494% |
Price | 7.33 | |
S1 | 7.16 | -2.27% |
S2 | 7.10 | -3.12% |
S3 | 7.00 | -4.50% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 7.49 | 2.18% |
R1 | 7.36 | 0.409% |
Price | 7.33 | |
S1 | 7.19 | -1.91% |
S2 | 6.83 | -6.82% |
S3 | 6.65 | -9.28% |
BKD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 30, 2008 | Oct 08, 2008 | Oct 17, 2008 | $0.250 | 2.97% |
2 | Jun 26, 2008 | Jul 02, 2008 | Jul 15, 2008 | $0.250 | 1.61% |
3 | Mar 19, 2008 | Mar 27, 2008 | Apr 14, 2008 | $0.250 | 1.04% |
4 | Dec 14, 2007 | Dec 27, 2007 | Jan 14, 2008 | $0.500 | 2.00% |
5 | Sep 17, 2007 | Sep 26, 2007 | Oct 12, 2007 | $0.500 | 1.25% |
FAQ
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