Bonterra Energy Corp. Stock Forecast
Bonterra Energy Corp. stock downgraded to Strong Sell Candidate
(Updated on May 15, 2024)
The Bonterra Energy Corp. stock price fell by -3.51% on the last day (Wednesday, 15th May 2024) from $5.70 to $5.50. During the last trading day the stock fluctuated 6.98% from a day low at $5.30 to a day high of $5.67. The price has been going up and down for this period, and there has been a -2.65% loss for the last 2 weeks. Volume has increased on the last day by 69 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, 108 thousand shares were bought and sold for approximately $591.36 thousand.
The stock lies in the lower part of a very 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 $5.42 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 11.95% during the next 3 months and, with a 90% probability hold a price between $6.07 and $8.04 at the end of this 3-month period.
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BNE.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Bonterra Energy Corp. 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 $5.63 and $6.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -19.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bonterra Energy Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Bonterra Energy Corp. stock
Bonterra Energy Corp. finds support from accumulated volume at $5.32 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 $0.370 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 4.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNE.TO) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Bonterra Energy Corp. to open at $5.49, and during the day (based on 14 day Average True Range), to move between $5.26 and $5.74, which gives a possible trading interval of +/-$0.236 (+/-4.29%) up or down from last closing price. If Bonterra Energy Corp. takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.66 (2.91%) than the support at $5.32 (3.27%), 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 Bonterra Energy Corp. stock A Buy?
The Bonterra Energy Corp. stock holds several negative signals and despite the positive trend, we believe Bonterra Energy Corp. will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.
Current score: -5.084 Strong Sell Candidate Downgraded
Predicted Opening Price for Bonterra Energy Corp. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $5.49 ( 0.182%) | $5.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNE.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.86 | 6.55 % | |
| R2 | 5.72 | 3.98 % | ||
| R1 | 5.63 | 2.39 % | ||
| Current price: | 5.50 | |||
| Support | S1 | 5.35 | -2.75 % | |
| S2 | 5.26 | -4.34 % | ||
| S3 | 5.12 | -6.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.00 | 9.09 % | |
| R2 | 5.91 | 7.45 % | ||
| R1 | 5.66 | 2.91 % | ||
| Current price | 5.50 | |||
| Support | S1 | 5.32 | -3.27% | |
| S2 | 5.20 | -5.45% | ||
| S3 | 4.91 | -10.73% |
BNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2020 | Mar 13, 2020 | Mar 31, 2020 | $0.0100 | 1.05% |
| 2 | Feb 13, 2020 | Feb 13, 2020 | Feb 28, 2020 | $0.0100 | 0.417% |
| 3 | Jan 14, 2020 | Jan 14, 2020 | Jan 31, 2020 | $0.0100 | 0.299% |
| 4 | Dec 02, 2019 | Dec 13, 2019 | Dec 31, 2019 | $0.0100 | 0.254% |
| 5 | Nov 14, 2019 | Nov 14, 2019 | Nov 29, 2019 | $0.0100 | 0.317% |
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