Brookdale Senior Living Inc Stock Forecast
Brookdale Senior Living Inc stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The Brookdale Senior Living Inc stock price gained 2.57% on the last trading day (Thursday, 2nd May 2024), rising from $7.01 to $7.19. During the last trading day the stock fluctuated 3.44% from a day low at $6.97 to a day high of $7.21. The price has risen in 6 of the last 10 days and is up by 10.28% 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, 677 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $26.18 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 24.29% during the next 3 months and, with a 90% probability hold a price between $8.01 and $9.42 at the end of this 3-month period.
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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 $6.92 and $6.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 36.17%. 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.
Support, Risk & Stop-loss for Brookdale Senior Living Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.17 and $5.72. 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, Brookdale Senior Living Inc finds support just below today's level at $6.17. If this is broken, then the next support from accumulated volume will be at $5.72 and $5.50.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.240 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: $6.93 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (BKD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Brookdale Senior Living Inc to open at $7.12, and during the day (based on 14 day Average True Range), to move between $6.92 and $7.46, which gives a possible trading interval of +/-$0.266 (+/-3.70%) 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 7.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.17, some $1.02 (14.19%) from the current price of $7.19, our system finds the risk reward attractive.
Earnings coming up
Brookdale Senior Living Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for Brookdale Senior Living Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.88% in the first trading day after earnings release.
Is Brookdale Senior Living Inc stock A Buy?
Brookdale Senior Living Inc holds several positive signals and is within a strong 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: 7.510 Strong Buy Candidate Upgraded
Predicted Opening Price for Brookdale Senior Living Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $7.12 ( 0.93%) | $7.19 |
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 | 7.36 | 2.41 % | |
| R2 | 7.27 | 1.14 % | ||
| R1 | 7.22 | 0.348 % | ||
| Current price: | 7.19 | |||
| Support | S1 | 7.03 | -2.20 % | |
| S2 | 6.98 | -2.99 % | ||
| S3 | 6.88 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.19 | |||
| Support | S1 | 6.17 | -14.19% | |
| S2 | 5.72 | -20.45% | ||
| S3 | 5.50 | -23.50% |
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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