Brookdale Senior Living Inc Stock Forecast
Brookdale Senior Living Inc stock price ended at $6.48 on Friday, after losing 0.613%.
(Updated on Apr 19, 2024)
The Brookdale Senior Living Inc stock price fell by -0.613% on the last day (Friday, 19th Apr 2024) from $6.52 to $6.48. During the last trading day the stock fluctuated 4.57% from a day low at $6.35 to a day high of $6.64. The price has fallen in 7 of the last 10 days and is down by -4.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -140 thousand shares and in total, 1 million shares were bought and sold for approximately $7.79 million.
The stock lies in the middle of a wide and strong 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 19.56% during the next 3 months and, with a 90% probability hold a price between $7.19 and $8.51 at the end of this 3-month period.
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BKD Signals & Forecast
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 $6.46 and $6.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.86%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Brookdale Senior Living Inc stock
Brookdale Senior Living Inc finds support from accumulated volume at $6.17 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 $0.290 (4.57%) between high and low. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: $6.15 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BKD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Brookdale Senior Living Inc to open at $6.49, and during the day (based on 14 day Average True Range), to move between $6.23 and $6.73, which gives a possible trading interval of +/-$0.253 (+/-3.90%) 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 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.52 (0.62%) than the support at $6.17 (4.78%), 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, 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 Brookdale Senior Living Inc stock to perform well in the short-term.
Current score: 4.383 Buy Candidate Unchanged
Predicted Opening Price for Brookdale Senior Living Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $6.49 ( 0.154%) | $6.48 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 6.78 | 4.63 % | |
| R2 | 6.67 | 2.92 % | ||
| R1 | 6.60 | 1.86 % | ||
| Current price: | 6.48 | |||
| Support | S1 | 6.38 | -1.56 % | |
| S2 | 6.31 | -2.61 % | ||
| S3 | 6.20 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.85 | 5.71 % | |
| R2 | 6.61 | 2.01 % | ||
| R1 | 6.52 | 0.617 % | ||
| Current price | 6.48 | |||
| Support | S1 | 6.17 | -4.78% | |
| S2 | 5.72 | -11.73% | ||
| S3 | 5.50 | -15.12% |
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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