Bloomin' Brands, Inc. Stock Forecast
Green day on Thursday for Bloomin' Brands, Inc.
(Updated on Apr 18, 2024)
The Bloomin' Brands, Inc. stock price gained 0.446% on the last trading day (Thursday, 18th Apr 2024), rising from $26.91 to $27.03. During the last trading day the stock fluctuated 1.60% from a day low at $26.81 to a day high of $27.24. The price has been going up and down for this period, and there has been a -3.08% loss for the last 2 weeks. Volume fell on the last day by -195 thousand shares and in total, 1 million shares were bought and sold for approximately $28.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.07% during the next 3 months and, with a 90% probability hold a price between $27.95 and $31.92 at the end of this 3-month period.
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BLMN 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 $28.03. On a fall, the stock will find some support from the short-term average at $26.92. 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). A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Bloomin' Brands, Inc. stock
Bloomin' Brands, Inc. finds support from accumulated volume at $26.91 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 $0.430 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLMN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bloomin' Brands, Inc. to open at $27.03, and during the day (based on 14 day Average True Range), to move between $26.35 and $27.71, which gives a possible trading interval of +/-$0.680 (+/-2.51%) up or down from last closing price. If Bloomin' Brands, Inc. takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.91 (0.44%) than the resistance at $27.17 (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bloomin' Brands, Inc. will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.750. We will update the financials statements for Bloomin' Brands, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.79% in the first trading day after earnings release.
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: -1.150 Sell Candidate Unchanged
Predicted Opening Price for Bloomin' Brands, Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $27.03 ( 0.0123%) | $27.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLMN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.46 | 1.58 % | |
| R2 | 27.29 | 0.97 % | ||
| R1 | 27.19 | 0.595 % | ||
| Current price: | 27.03 | |||
| Support | S1 | 26.86 | -0.620 % | |
| S2 | 26.76 | -1.00 % | ||
| S3 | 26.60 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.72 | 9.95 % | |
| R2 | 27.49 | 1.70 % | ||
| R1 | 27.17 | 0.518 % | ||
| Current price | 27.03 | |||
| Support | S1 | 26.91 | -0.444% | |
| S2 | 26.32 | -2.63% | ||
| S3 | 26.20 | -3.07% |
BLMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.240 | 0.84% |
| 2 | Oct 17, 2023 | Nov 13, 2023 | Nov 29, 2023 | $0.240 | 1.03% |
| 3 | Jul 18, 2023 | Aug 11, 2023 | Aug 25, 2023 | $0.240 | 0.90% |
| 4 | Apr 18, 2023 | May 09, 2023 | May 24, 2023 | $0.240 | 0.94% |
| 5 | Feb 07, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.240 | 0.94% |
FAQ
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