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
Evaluation of Bloomin' Brands, Inc. stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Bloomin' Brands, Inc. stock price fell by -3.95% on the last day (Tuesday, 30th Apr 2024) from $26.85 to $25.79. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.87% from a day low at $25.72 to a day high of $26.72. The price has fallen in 7 of the last 10 days and is down by -4.55% for this period. Volume has increased on the last day by 152 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, 1 million shares were bought and sold for approximately $37.86 million.
Given the current horizontal trend, you can expect Bloomin' Brands, Inc. stock with a 90% probability to be traded between $25.80 and $29.73 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
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. 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 $26.81 and $27.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -13.22%. 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 for Bloomin' Brands, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.00 (3.87%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Bloomin' Brands, Inc. to open at $26.08, and during the day (based on 14 day Average True Range), to move between $25.13 and $26.45, which gives a possible trading interval of +/-$0.664 (+/-2.57%) up or down from last closing price. If Bloomin' Brands, Inc. takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $26.91, some $1.12 (4.34%) from the current price of $25.79, our system finds the risk reward not very attractive.
Earnings coming up
Bloomin' Brands, Inc. will release earnings BMO on Tuesday, May 07, 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 +/- 8.80% in the first trading day after earnings release.
Is Bloomin' Brands, Inc. stock A Buy?
Bloomin' Brands, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.569 Sell Candidate Downgraded
Predicted Opening Price for Bloomin' Brands, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $26.08 ( 1.11%) | $25.79 |
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 | 27.07 | 4.96 % | |
| R2 | 26.69 | 3.49 % | ||
| R1 | 26.46 | 2.58 % | ||
| Current price: | 25.79 | |||
| Support | S1 | 25.69 | -0.369 % | |
| S2 | 25.46 | -1.28 % | ||
| S3 | 25.08 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.72 | 15.24 % | |
| R2 | 27.49 | 6.59 % | ||
| R1 | 26.91 | 4.34 % | ||
| Current price | 25.79 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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