Barnes & Noble Education Inc Stock Forecast
Big movements in Barnes & Noble Education Inc stock price on Tuesday moving 12.38% between high and low
(Updated on Jul 02, 2024)
The Barnes & Noble Education Inc stock price gained 11.27% on the last trading day (Tuesday, 2nd Jul 2024), rising from $6.12 to $6.81. During the last trading day the stock fluctuated 12.38% from a day low at $6.14 to a day high of $6.90. The price has fallen in 7 of the last 10 days and is down by -15.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 241 thousand more shares were traded than the day before. In total, 514 thousand shares were bought and sold for approximately $3.50 million.
The stock lies in the middle of a very 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 167.99% during the next 3 months and, with a 90% probability hold a price between $4.28 and $28.43 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BNED Signals & Forecast
The Barnes & Noble Education Inc 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 $6.66 and $3.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -26.93%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Barnes & Noble Education Inc stock
Barnes & Noble Education Inc finds support from accumulated volume at $6.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.760 between high and low, or 12.38%. For the last week, the stock has had daily average volatility of 9.75%.
Our recommended stop-loss: $6.43 (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (BNED) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Barnes & Noble Education Inc to open at $6.62, and during the day (based on 14 day Average True Range), to move between $5.91 and $7.71, which gives a possible trading interval of +/-$0.90 (+/-13.17%) up or down from last closing price. If Barnes & Noble Education Inc takes out the full calculated possible swing range there will be an estimated 26.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.72 (1.32%) than the resistance at $6.99 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barnes & Noble Education Inc 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 Barnes & Noble Education Inc stock to perform well in the short-term.
Current score: 3.937 Buy Candidate Unchanged
Predicted Opening Price for Barnes & Noble Education Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$6.62 ( 2.84%) | $6.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNED
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.38 | 8.32% |
R2 | 7.09 | 4.06% |
R1 | 6.91 | 1.42% |
Price | 6.81 | |
S1 | 6.33 | -7.10% |
S2 | 6.15 | -9.74% |
S3 | 5.86 | -14.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.08 | 18.65% |
R2 | 7.27 | 6.75% |
R1 | 6.99 | 2.64% |
Price | 6.81 | |
S1 | 6.72 | -1.32% |
S2 | 6.50 | -4.55% |
S3 | 6.42 | -5.73% |
FAQ
Click here for our free guide on how to buy Barnes & Noble Education Inc Stock.