Badger Meter Inc Stock Forecast
Badger Meter Inc stock price down 0.444% on Tuesday
(Updated on Jun 25, 2024)
The Badger Meter Inc stock price fell by -0.444% on the last day (Tuesday, 25th Jun 2024) from $187.06 to $186.23. During the last trading day the stock fluctuated 1.01% from a day low at $185.60 to a day high of $187.47. The price has been going up and down for this period, and there has been a 0.14% 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 -20 thousand shares and in total, 71 thousand shares were bought and sold for approximately $13.22 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $182.31 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 22.16% during the next 3 months and, with a 90% probability hold a price between $222.71 and $260.34 at the end of this 3-month period.
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BMI 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 Badger Meter 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 $187.80 and $191.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -7.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Badger Meter Inc stock
Badger Meter Inc finds support from accumulated volume at $182.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.87 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Badger Meter Inc to open at $186.43, and during the day (based on 14 day Average True Range), to move between $182.54 and $189.92, which gives a possible trading interval of +/-$3.69 (+/-1.98%) up or down from last closing price. If Badger Meter Inc takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $186.40 (0.09%) than the support at $182.92 (1.78%), 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 Badger Meter Inc stock A Buy?
The Badger Meter Inc stock holds several negative signals and despite the positive trend, we believe Badger Meter Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.903 Sell Candidate Unchanged
Predicted Opening Price for Badger Meter Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $186.43 ( 0.109%) | $186.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 188.30 | 1.11% |
| R2 | 187.59 | 0.730% |
| R1 | 187.15 | 0.493% |
| Price | 186.23 | |
| S1 | 185.72 | -0.274% |
| S2 | 185.28 | -0.511% |
| S3 | 184.56 | -0.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 194.28 | 4.32% |
| R2 | 191.65 | 2.91% |
| R1 | 186.40 | 0.0913% |
| Price | 186.23 | |
| S1 | 182.92 | -1.78% |
| S2 | 178.48 | -4.16% |
| S3 | 176.78 | -5.07% |
BMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 07, 2024 | $0.270 | 0.146% |
| 2 | Feb 09, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.270 | 0.168% |
| 3 | Nov 10, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.270 | 0.179% |
| 4 | Aug 11, 2023 | Aug 24, 2023 | Sep 08, 2023 | $0.270 | 0.168% |
| 5 | Apr 28, 2023 | May 25, 2023 | Jun 09, 2023 | $0.225 | 0.148% |
FAQ
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