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Blue Bird Corporation Stock Forecast NASDAQ:BLBD

$18.59 (-3.23%)

Volume: 86k

Closed: Dec 03, 2021

Hollow Logo Score: -2.091

Blue Bird Corporation Stock Forecast

$18.59 (-3.23%)

Volume: 86k

Closed: Dec 03, 2021

Score Hollow Logo -2.091
Which way will BLBD go? Request
Earnings Date: Dec 15, 2021
Key Stats
Beta 1.67
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 7 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Friday for Blue Bird Corporation
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-29 Loss -13.41%

The Blue Bird Corporation stock price fell by -3.23% on the last day (Friday, 3rd Dec 2021) from $19.21 to $18.59. and has now fallen 9 days in a row. During the day the stock fluctuated 4.78% from a day low at $18.31 to a day high of $19.19. The price has fallen in 9 of the last 10 days and is down by -22.35% 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 -55 thousand shares and in total, 86 thousand shares were bought and sold for approximately $1.59 million.

Given the current short-term trend, the stock is expected to rise 14.66% during the next 3 months and, with a 90% probability hold a price between $21.32 and $29.76 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Blue Bird Corporation 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 $20.55 and $21.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -26.55%. 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 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.88 between high and low, or 4.78%. For the last week, the stock has had a daily average volatility of 6.57%.

Blue Bird Corporation is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Blue Bird Corporation stock A Buy?

The Blue Bird Corporation stock holds several negative signals and despite the positive trend, we believe Blue Bird Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.091

Predicted Opening Price for Blue Bird Corporation of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$18.70 $18.59 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 13, 2021 "Roth Capital" gave "$25.00 - $21.00" rating for BLBD. The price target was changed from $22.29 to 10.8%.

Volatility and Risk
Daily Average Volatility: 6.57 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.57 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $19.27
Price: $18.59
No Support Found

BLBD Insider Trading Show all Trades

INSIDER POWER

0.480

Last 100 transactions
Buy: 833 337 | Sell: 1 735 218 (Shares)
Date Action Amount Person Type
Oct 31, 2021 Buy 48 727 Horlock Phil Stock Option (right to buy)
Oct 31, 2021 Buy 49 583 Horlock Phil Stock Option (right to buy)
Oct 31, 2021 Buy 58 106 Horlock Phil Stock Option (right to buy)
Oct 31, 2021 Buy 66 478 Horlock Phil Stock Option (right to buy)
Oct 31, 2021 Buy 6 805 Horlock Phil Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

0.480

Last 100 transactions
Buy: 833 337 | Sell: 1 735 218 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 19.57 5.29 %
19.24 3.49 %
19.03 2.38 %
Current price: 18.59
Support 18.36 -1.22 %
18.16 -2.33 %
17.82 -4.13 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.74 11.57 %
19.77 6.35 %
19.27 3.66 %
Current price 18.59
Support 0 .
0 .
0 .

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About Blue Bird Corporation

Blue Bird Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments. It also distributes aftermarket parts of various makes.... Read more

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