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Bloomin' Brands, Inc. Stock Forecast NASDAQ:BLMN

$18.55 (-0.91%)

Volume: 3M

Closed: Dec 03, 2021

Hollow Logo Score: -1.765

Bloomin' Brands, Inc. Stock Forecast

$18.55 (-0.91%)

Volume: 3M

Closed: Dec 03, 2021

Score Hollow Logo -1.765
Which way will BLMN go? Request
Key Stats
P/E Ratio 11.77
Beta 1.43
* 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 38 and the stock is currently not being overbought or oversold

Red day on Friday for Bloomin' Brands, Inc.
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-09 Loss -15.49%

The Bloomin' Brands, Inc. stock price fell by -0.91% on the last day (Friday, 3rd Dec 2021) from $18.72 to $18.55. During the day the stock fluctuated 4.68% from a day low at $18.15 to a day high of $19.00. The price has fallen in 7 of the last 10 days and is down by -4.13% for this period. Volume has increased on the last day by 838 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, 3 million shares were bought and sold for approximately $62.71 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.85% during the next 3 months and, with a 90% probability hold a price between $12.24 and $14.72 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.

Signals & Forecast

There are mixed signals in the stock today. The Bloomin' Brands, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $20.66. On a fall, the stock will find some support from the short-term average at $18.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 6.12%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Bloomin' Brands, Inc. finds support from accumulated volume at $18.09 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 $0.85 between high and low, or 4.68%. For the last week, the stock has had a daily average volatility of 6.50%.

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

Is Bloomin' Brands, Inc. stock A Buy?

Bloomin' Brands, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.765

Predicted Opening Price for Bloomin' Brands, Inc. 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
$18.57 $18.55 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 03, 2021 "Raymond James" gave "$37.50 - $30.00" rating for BLMN. The price target was set to $22.12+9.1%.

Volatility and Risk
Daily Average Volatility: 6.50 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.50 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $19.18
Price: $18.55
Support: $18.09

BLMN Insider Trading Show all Trades

INSIDER POWER

0.832

Last 100 transactions
Buy: 394 230 | Sell: 473 896 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Buy 10 000 Scarlett Gregg Common Stock
Jul 01, 2021 Sell 16 667 Stutts Michael Livingston Restricted Stock Units
Jul 01, 2021 Buy 16 667 Stutts Michael Livingston Common Stock
Jul 01, 2021 Sell 4 059 Stutts Michael Livingston Common Stock
Jun 02, 2021 Sell 8 843 Lefferts Kelly Common Stock
Show all Insider Trades
INSIDER POWER

0.832

Last 100 transactions
Buy: 394 230 | Sell: 473 896 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 19.42 4.66 %
19.09 2.92 %
18.89 1.84 %
Current price: 18.55
Support 18.24 -1.66 %
18.04 -2.74 %
17.72 -4.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.43 15.53 %
20.27 9.27 %
19.18 3.40 %
Current price 18.55
Support 18.09 -2.48%
17.67 -4.74%
17.48 -5.77%

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About Bloomin' Brands, Inc.

Bloomin Bloomin’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. It operates restaurants under various concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of J... Read more

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