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Builders FirstSource Stock Forecast NASDAQ:BLDR

$71.43 (-3.09%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: 2.752

Builders FirstSource Stock Forecast

$71.43 (-3.09%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo 2.752
Which way will BLDR go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $68.65 (-3.90%)
Key Stats
P/E Ratio 9.61
Beta 1.62
* 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 64 and the stock is currently not being overbought or oversold

Builders FirstSource stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-05 Gain 35.46%

The Builders FirstSource stock price fell by -3.09% on the last day (Friday, 26th Nov 2021) from $73.71 to $71.43. During the day the stock fluctuated 2.59% from a day low at $70.93 to a day high of $72.77. The price has risen in 7 of the last 10 days and is up by 5.88% over the past 2 weeks. Volume has increased on the last day by 371 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 $156.95 million.

The stock lies in the middle of a 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 35.99% during the next 3 months and, with a 90% probability hold a price between $86.34 and $100.66 at the end of this 3-month period.

Signals & Forecast

The Builders FirstSource stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $71.57. On a fall, the stock will find some support from the long-term average at approximately $62.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -3.09%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $67.24 and $65.40. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Builders FirstSource finds support just below today's level at $67.24. If this is broken, then the next support from accumulated volume will be at $65.40 and $60.26.

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 $1.84 between high and low, or 2.59%. For the last week, the stock has had a daily average volatility of 2.86%.

Our recommended stop-loss: $68.65 (-3.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 days ago.)

Is Builders FirstSource 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 Builders FirstSource stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.752

Predicted Opening Price for Builders FirstSource 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
$71.71 $71.43 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 09, 2021 "BTIG Research" gave "$80.00" rating for BLDR. The price target was set to $67.24+0.6%.

Volatility and Risk
Daily Average Volatility: 2.86 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.86 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $71.80
Price: $71.43
Support: $67.24

BLDR Insider Trading Show all Trades

INSIDER POWER

7.774

Last 100 transactions
Buy: 1 083 487 | Sell: 139 373 (Shares)
Date Action Amount Person Type
Aug 23, 2021 Sell 10 000 Farmer Michael Alan Common Stock, par value $0.01 per share
Jun 24, 2021 Buy 33 452 Johnson Timothy D Common Stock, par value $0.01 per share
Jun 24, 2021 Buy 33 452 Farmer Michael Alan Common Stock, par value $0.01 per share
Jun 15, 2021 Buy 3 459 Steinke Craig Arthur Common Stock, par value $0.01 per share
Jun 15, 2021 Buy 3 459 Milgrim Brett N Common Stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

7.774

Last 100 transactions
Buy: 1 083 487 | Sell: 139 373 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 73.55 2.97 %
72.85 1.98 %
72.41 1.38 %
Current price: 71.43
Support 71.01 -0.59 %
70.57 -1.20 %
69.87 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 73.71 3.19 %
73.35 2.69 %
71.80 0.52 %
Current price 71.43
Support 67.24 -5.87%
65.40 -8.44%
60.26 -15.64%

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About Builders FirstSource

Builders FirstSource Builders FirstSource, Inc. manufactures and supplies building materials, manufactured components, and construction services to professional contractors, sub-contractors, and consumers in the United States. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows and doors, and interior and exterior door units, as well as interior trims, exterior... Read more

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