Barnes & Noble Education Inc Stock Forecast
Barnes & Noble Education Inc stock price ended at $0.219 on Friday, after gaining 1.30%.
(Updated on May 03, 2024)
The Barnes & Noble Education Inc stock price gained 1.30% on the last trading day (Friday, 3rd May 2024), rising from $0.216 to $0.219. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.67% from a day low at $0.210 to a day high of $0.224. The price has risen in 8 of the last 10 days but is still down by -6.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 684 thousand shares were bought and sold for approximately $149.59 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.143 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -56.11% during the next 3 months and, with a 90% probability hold a price between $0.0627 and $0.239 at the end of this 3-month period.
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BNED Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 10.01%. Further rise is indicated until a new top pivot has been found. Barnes & Noble Education Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barnes & Noble Education Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.479. On a fall, the stock will find some support from the short-term average at $0.208. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Barnes & Noble Education Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.208 and $0.201. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Barnes & Noble Education Inc finds support just below today's level at $0.208. If this is broken, then the next support from accumulated volume will be at $0.201 and $0.199.
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 $0.0140 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 5.97%.
Barnes & Noble Education Inc is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNED) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Barnes & Noble Education Inc to open at $0.218, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.270, which gives a possible trading interval of +/-$0.0510 (+/-23.31%) 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 46.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.208 (5.16%) than the resistance at $0.236 (7.91%), 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?
Barnes & Noble Education Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.615 Sell Candidate Unchanged
Predicted Opening Price for Barnes & Noble Education Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.218 ( 0.548%) | $0.219 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.232 | 5.85 % | |
| R2 | 0.226 | 3.41 % | ||
| R1 | 0.223 | 1.90 % | ||
| Current price: | 0.219 | |||
| Support | S1 | 0.212 | -2.99 % | |
| S2 | 0.209 | -4.50 % | ||
| S3 | 0.204 | -6.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.250 | 14.26 % | |
| R2 | 0.243 | 10.92 % | ||
| R1 | 0.236 | 7.91 % | ||
| Current price | 0.219 | |||
| Support | S1 | 0.208 | -5.16% | |
| S2 | 0.201 | -8.09% | ||
| S3 | 0.199 | -9.10% |
FAQ
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