Black Hills Corporation Stock Forecast
Green day on Monday for Black Hills Corporation stock after gaining 2.08%
(Updated on Apr 29, 2024)
The Black Hills Corporation stock price gained 2.08% on the last trading day (Monday, 29th Apr 2024), rising from $53.86 to $54.98. During the last trading day the stock fluctuated 1.61% from a day low at $54.13 to a day high of $55.00. The price has risen in 7 of the last 10 days and is up by 5.73% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 352 thousand shares were bought and sold for approximately $19.37 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $55.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.05% during the next 3 months and, with a 90% probability hold a price between $54.19 and $58.31 at the end of this 3-month period.
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BKH Signals & Forecast
The Black Hills Corporation 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 $54.32 and $53.20. 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 7.38%. Further rise is indicated until a new top pivot has been found. 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. 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).
Support, Risk & Stop-loss for Black Hills Corporation stock
Black Hills Corporation finds support from accumulated volume at $52.36 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 $0.87 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $52.88 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BKH) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Black Hills Corporation to open at $54.70, and during the day (based on 14 day Average True Range), to move between $53.95 and $56.01, which gives a possible trading interval of +/-$1.03 (+/-1.86%) up or down from last closing price. If Black Hills Corporation takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $52.36, some $2.62 (4.77%) from the current price of $54.98, our system finds the risk reward attractive.
Is Black Hills Corporation 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 Black Hills Corporation stock to perform well in the short-term.
Current score: 4.403 Buy Candidate Unchanged
Predicted Opening Price for Black Hills Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $54.70 ( 0.503%) | $54.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.57 | 1.08 % | |
| R2 | 55.24 | 0.475 % | ||
| R1 | 55.04 | 0.101 % | ||
| Current price: | 54.98 | |||
| Support | S1 | 54.37 | -1.11 % | |
| S2 | 54.17 | -1.48 % | ||
| S3 | 53.83 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 54.98 | |||
| Support | S1 | 52.36 | -4.77% | |
| S2 | 52.12 | -5.20% | ||
| S3 | 52.03 | -5.37% |
BKH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 16, 2024 | Jun 01, 2024 | $0.650 | 1.18% |
| 2 | Jan 26, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.650 | 1.26% |
| 3 | Oct 23, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.625 | 1.17% |
| 4 | Jul 24, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.625 | 1.14% |
| 5 | Apr 24, 2023 | May 17, 2023 | Jun 01, 2023 | $0.625 | 1.03% |
FAQ
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