Bloomin' Brands, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Bloomin' Brands, Inc. stock after losing 0.148%
(Updated on Apr 25, 2024)
The Bloomin' Brands, Inc. stock price fell by -0.148% on the last day (Thursday, 25th Apr 2024) from $27.03 to $26.99. During the last trading day the stock fluctuated 2.49% from a day low at $26.51 to a day high of $27.17. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -601 thousand shares and in total, 960 thousand shares were bought and sold for approximately $25.90 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $26.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bloomin' Brands, Inc. stock with a 90% probability to be traded between $27.04 and $30.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BLMN Signals & Forecast
There are mixed signals in the stock today. The Bloomin' Brands, Inc. 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 $27.02 and $27.84. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.81%. 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).
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 $0.660 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $25.48 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BLMN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bloomin' Brands, Inc. to open at $26.89, and during the day (based on 14 day Average True Range), to move between $26.35 and $27.63, which gives a possible trading interval of +/-$0.641 (+/-2.38%) up or down from last closing price. If Bloomin' Brands, Inc. takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.03 (0.15%) than the support at $26.91 (0.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bloomin' Brands, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bloomin' Brands, Inc. stock to perform well in the short-term period.
Current score: 1.880 Buy Candidate Unchanged
Predicted Opening Price for Bloomin' Brands, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $26.89 ( 0.371%) | $26.99 |
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 | 27.55 | 2.07 % | |
| R2 | 27.30 | 1.14 % | ||
| R1 | 27.14 | 0.564 % | ||
| Current price: | 26.99 | |||
| Support | S1 | 26.64 | -1.30 % | |
| S2 | 26.48 | -1.88 % | ||
| S3 | 26.23 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.72 | 10.11 % | |
| R2 | 27.49 | 1.85 % | ||
| R1 | 27.03 | 0.148 % | ||
| Current price | 26.99 | |||
| Support | S1 | 26.91 | -0.296% | |
| S2 | 26.60 | -1.44% | ||
| S3 | 26.20 | -2.93% |
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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