RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BLDR
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Builders FirstSource stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jul 22, 2024)

Buy or Hold candidate since Jul 17, 2024 Gain 1.25% PDF

The Builders FirstSource stock price gained 1.81% on the last trading day (Monday, 22nd Jul 2024), rising from $158.00 to $160.86. During the last trading day the stock fluctuated 3.43% from a day low at $156.13 to a day high of $161.49. The price has risen in 7 of the last 10 days and is up by 19.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 105 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $172.25 million.

The stock lies the upper part of a very wide and falling 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 $162.41 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.15% during the next 3 months and, with a 90% probability hold a price between $96.74 and $126.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BLDR Signals & Forecast

Mostly positive signals in the chart today. The Builders FirstSource 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 $158.29 and $146.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, July 05, 2024, and so far it has risen 21.31%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Builders FirstSource stock

Builders FirstSource finds support from accumulated volume at $160.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $5.36 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 4.18%.

The Builders FirstSource stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $155.36 (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 52 days ago.)

Trading Expectations (BLDR) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Builders FirstSource to open at $159.49, and during the day (based on 14 day Average True Range), to move between $154.95 and $166.77, which gives a possible trading interval of +/-$5.91 (+/-3.68%) up or down from last closing price. If Builders FirstSource takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $160.79 (0.04%) than the resistance at $162.62 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Builders FirstSource 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 Hold/Accumulate to a Buy candidate.

Current score: 2.027 Buy Candidate Upgraded

Predicted Opening Price for Builders FirstSource of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$159.49 ( 0.85%) $160.86

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

Trading levels for BLDR

Fibonacci Support & Resistance Levels

Level Price
R3 164.85 2.48%
R2 162.81 1.21%
R1 161.54 0.423%
Price 160.86
S1 157.45 -2.12%
S2 156.18 -2.91%
S3 154.13 -4.18%

Accumulated Volume Support & Resistance Levels

Level Price
R3 169.26 5.22%
R2 163.46 1.62%
R1 162.62 1.09%
Price 160.86
S1 160.79 -0.0435%
S2 151.15 -6.04%
S3 136.51 -15.14%

FAQ

What is the symbol for Builders FirstSource Stock and on which exchange is it traded?
The symbol for Builders FirstSource is BLDR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Builders FirstSource Stock?
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 Hold/Accumulate to a Buy candidate.

How to buy Builders FirstSource Stock?
Builders FirstSource Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Builders FirstSource Stock.

What's the current price of Builders FirstSource Stock?
As of the end of day on the Jul 22, 2024, the price of an Builders FirstSource (BLDR) share was $160.86.

What is the 52-week high and low for Builders FirstSource Stock?
The 52-week high for Builders FirstSource Stock is $214.70 and the 52-week low is $105.25.

What is the market capitalization of Builders FirstSource Stock?
As of the Jul 22, 2024, the market capitalization of Builders FirstSource is 19.285B.

When is the next earnings date for Builders FirstSource?
The upcoming earnings date for Builders FirstSource is Aug 06, 2024.
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About Builders FirstSource

Builders FirstSource Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor a... BLDR Profile

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