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Beacon Lighting Group Limited stock price up 0.680% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 12, 2024 Gain 18.40% PDF

The Beacon Lighting Group Limited stock price gained 0.680% on the last trading day (Thursday, 28th Mar 2024), rising from $2.94 to $2.96. During the last trading day the stock fluctuated 2.05% from a day low at $2.92 to a day high of $2.98. The price has risen in 6 of the last 10 days and is up by 3.86% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 74 thousand shares were bought and sold for approximately $219.19 thousand. 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.48% during the next 3 months and, with a 90% probability hold a price between $3.62 and $4.08 at the end of this 3-month period.

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BLX.AX Signals & Forecast

The Beacon Lighting Group Limited 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 $2.89 and $2.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 33.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Beacon Lighting Group Limited stock

Beacon Lighting Group Limited finds support from accumulated volume at $2.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0600 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 6.72%

Our recommended stop-loss: $2.86 (-3.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (BLX.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Beacon Lighting Group Limited to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.84 and $3.08, which gives a possible trading interval of +/-$0.121 (+/-4.10%) up or down from last closing price. If Beacon Lighting Group Limited takes out the full calculated possible swing range there will be an estimated 8.20% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.90, some $0.0600 (2.03%) from the current price of $2.96, our system finds the risk reward attractive.

Is Beacon Lighting Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Beacon Lighting Group Limited stock to perform well in the short-term.

Current score: 3.173 Buy Candidate Unchanged

Predicted Opening Price for Beacon Lighting Group Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$2.95 ( 0.225%) $2.96

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

Trading levels for BLX.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.01 1.80 %
R2 2.99 1.03 %
R1 2.98 0.549 %
Current price: 2.96
Support S1 2.93 -1.00 %
S2 2.92 -1.48 %
S3 2.89 -2.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 2.96
Support S1 2.90 -2.03%
S2 2.85 -3.72%
S3 2.74 -7.43%

BLX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Feb 29, 2024 Mar 15, 2024 $0.0410 1.42%
2 Mar 02, 2023 Mar 02, 2023 Mar 02, 2023 $0.0430 2.24%
3 Sep 08, 2022 Sep 08, 2022 Sep 08, 2022 $0.0500 2.24%
4 Mar 03, 2022 Mar 03, 2022 Mar 03, 2022 $0.0430 1.76%
5 Sep 09, 2021 Sep 09, 2021 Sep 09, 2021 $0.0460 2.28%

FAQ

What is the symbol for Beacon Lighting Group Limited Stock and on which exchange is it traded?
The symbol for Beacon Lighting Group Limited is BLX.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Beacon Lighting Group Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Beacon Lighting Group Limited stock to perform well in the short-term.

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

What's the current price of Beacon Lighting Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an Beacon Lighting Group Limited (BLX.AX) share was $2.96.

What is the 52-week high and low for Beacon Lighting Group Limited Stock?
The 52-week high for Beacon Lighting Group Limited Stock is $2.98 and the 52-week low is $1.36.

What is the market capitalization of Beacon Lighting Group Limited Stock?
As of the 2024-03-28, the market capitalization of Beacon Lighting Group Limited is 671.438M.

When is the next earnings date for Beacon Lighting Group Limited?
The upcoming earnings date for Beacon Lighting Group Limited is Aug 16, 2024.
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About Beacon Lighting Group Limited

Beacon Lighting Group Limited Beacon Lighting Group Limited retails lighting products in Australia and internationally. The company designs, develops, sources, imports, distributes, merchandises, promotes, and sells light fittings, ceiling fans, and light globes, as well as energy products. It provides table and floor lamps, pendants, chandeliers, ceiling lights and fans, downlights, spotlights, bar lights, track lights, strips and cabinet lights, wall lights, bathroom lights... BLX.AX Profile

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