Buckle Inc (The) Stock Forecast
Buckle Inc (The) stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Buckle Inc (The) stock price gained 2.57% on the last trading day (Wednesday, 27th Mar 2024), rising from $38.49 to $39.48. During the last trading day the stock fluctuated 1.45% from a day low at $38.98 to a day high of $39.55. The price has risen in 6 of the last 10 days and is up by 3.49% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 246 thousand shares were bought and sold for approximately $9.71 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 stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.28% during the next 3 months and, with a 90% probability hold a price between $30.13 and $40.56 at the end of this 3-month period.
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BKE Signals & Forecast
Mostly positive signals in the chart today. The Buckle Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $38.54 and $39.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 18, 2024, and so far it has risen 9.70%. 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 Buckle Inc (The) stock
Buckle Inc (The) finds support from accumulated volume at $38.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.565 between high and low, or 1.45%. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: $38.13 (-3.42%) (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 (BKE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Buckle Inc (The) to open at $39.34, and during the day (based on 14 day Average True Range), to move between $38.29 and $40.67, which gives a possible trading interval of +/-$1.19 (+/-3.02%) up or down from last closing price. If Buckle Inc (The) takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.89 (1.04%) than the support at $38.83 (1.65%), 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 Buckle Inc (The) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.042 Buy Candidate Upgraded
Predicted Opening Price for Buckle Inc (The) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$39.34 ( 0.367%) | $39.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.90 | 1.06 % | |
R2 | 39.68 | 0.517 % | ||
R1 | 39.55 | 0.179 % | ||
Current price: | 39.48 | |||
Support | S1 | 39.12 | -0.91 % | |
S2 | 38.99 | -1.25 % | ||
S3 | 38.77 | -1.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.72 | 10.74 % | |
R2 | 43.19 | 9.40 % | ||
R1 | 39.89 | 1.04 % | ||
Current price | 39.48 | |||
Support | S1 | 38.83 | -1.65% | |
S2 | 36.56 | -7.40% | ||
S3 | 36.38 | -7.85% |
BKE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 11, 2024 | $0 | 0% |
2 | Dec 04, 2023 | Jan 11, 2024 | Jan 26, 2024 | $1.40 | 3.81% |
3 | Sep 11, 2023 | Oct 12, 2023 | Oct 27, 2023 | $0.350 | 1.06% |
4 | Jun 06, 2023 | Jul 13, 2023 | Jul 28, 2023 | $0.350 | 0.97% |
5 | Mar 21, 2023 | Apr 13, 2023 | Apr 28, 2023 | $0.350 | 1.04% |
FAQ
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