Brookdale Senior Living Inc. 7. Stock Forecast
Red day on Wednesday for Brookdale Senior Living Inc. 7. stock after losing 0%
(Updated on Jun 26, 2024)
No changes to the price of Brookdale Senior Living Inc. 7. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $91.25 to a day high of $91.25. The price has been going up and down for this period, and there has been a -5.27% loss for the last 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brookdale Senior Living Inc. 7. stock with a 90% probability to be traded between $87.75 and $102.83 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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BKDT Signals & Forecast
There are few to no technical positive signals at the moment. The Brookdale Senior Living Inc. 7. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $91.25 and $93.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 with a target of $98.32. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Brookdale Senior Living Inc. 7. stock
Brookdale Senior Living Inc. 7. finds support from accumulated volume at $90.45 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $87.11 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BKDT) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Brookdale Senior Living Inc. 7. to open at $91.25, and during the day (based on 14 day Average True Range), to move between $89.57 and $92.93, which gives a possible trading interval of +/-$1.68 (+/-1.84%) up or down from last closing price. If Brookdale Senior Living Inc. 7. takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.50 (0.27%) than the support at $90.45 (0.88%), 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. 7. stock A Buy?
Brookdale Senior Living Inc. 7. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Brookdale Senior Living Inc. 7. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $91.25 ( 0%) | $91.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKDT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.25 | - |
| R2 | 91.25 | - |
| R1 | 91.25 | - |
| Price | 91.25 | |
| S1 | 91.25 | - |
| S2 | 91.25 | - |
| S3 | 91.25 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.33 | 5.57% |
| R2 | 91.67 | 0.460% |
| R1 | 91.50 | 0.274% |
| Price | 91.25 | |
| S1 | 90.45 | -0.88% |
| S2 | 89.50 | -1.92% |
| S3 | 86.70 | -4.99% |
BKDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Aug 14, 2024 | Aug 15, 2024 | $0.88 | 0.96% |
| 2 | Apr 02, 2024 | May 13, 2024 | May 15, 2024 | $0.88 | 0.91% |
| 3 | Jan 11, 2024 | Feb 13, 2024 | Feb 15, 2024 | $0.88 | 1.01% |
| 4 | Oct 04, 2023 | Nov 13, 2023 | Nov 15, 2023 | $0.88 | 1.37% |
| 5 | Jun 29, 2023 | Aug 11, 2023 | Aug 15, 2023 | $0.88 | 1.43% |
FAQ
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