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Ballard Power Systems Stock Forecast NASDAQ:BLDP

$15.33 (-3.65%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: -1.402

Ballard Power Systems Stock Forecast

$15.33 (-3.65%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo -1.402
Which way will BLDP go? Request
Key Stats
Beta 2.2
* 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 37 and the stock is currently not being overbought or oversold

Red day on Friday for Ballard Power Systems
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-18 Loss -4.55%

The Ballard Power Systems stock price fell by -3.65% on the last day (Friday, 26th Nov 2021) from $15.91 to $15.33. During the day the stock fluctuated 3.20% from a day low at $14.98 to a day high of $15.46. The price has fallen in 6 of the last 10 days and is down by -14.5% for this period. Volume has increased on the last day by 423 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $35.34 million.

The stock lies in the middle of a very 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 10.92% during the next 3 months and, with a 90% probability hold a price between $15.74 and $21.90 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Ballard Power Systems 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 $15.99 and $16.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -20.73%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Ballard Power Systems finds support from accumulated volume at $15.06 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 $0.48 between high and low, or 3.20%. For the last week, the stock has had a daily average volatility of 4.92%.

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

Is Ballard Power Systems stock A Buy?

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

Current score: -1.402

Predicted Opening Price for Ballard Power Systems of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$15.26 $15.33 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 23, 2021 "Raymond James" gave "$25.00" rating for BLDP. The price target was changed from $15.50 to 3.4%.

Volatility and Risk
Daily Average Volatility: 4.92 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.92 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $16.12
Price: $15.33
Support: $15.06

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.74 2.65 %
15.55 1.46 %
15.44 0.72 %
Current price: 15.33
Support 15.07 -1.67 %
14.96 -2.41 %
14.78 -3.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 17.71 15.53 %
16.91 10.31 %
16.12 5.15 %
Current price 15.33
Support 15.06 -1.76%
14.94 -2.54%
14.74 -3.85%

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About Ballard Power Systems

Ballard Power Systems Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. It is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications. The company also develops methanol clean energy backup power systems, as well as provides engineering services for various fuel cell applications. Ballard Power Systems Inc... Read more

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