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Stronger Stock

$10.26 (0.20%)

Volume: 202k

Closed: Dec 03, 2021

Hollow Logo Score: -2.558

Benefitfocus Stock Forecast

$10.26 (0.20%)

Volume: 202k

Closed: Dec 03, 2021

Score Hollow Logo -2.558
Which way will BNFT go? Request
Key Stats
P/E Ratio -8.92
Beta 1.08
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Benefitfocus stock price up 0.2% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-22 Gain 0.29%

The Benefitfocus stock price gained 0.20% on the last trading day (Friday, 3rd Dec 2021), rising from $10.24 to $10.26. , and has now gained 3 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 day the stock fluctuated 3.23% from a day low at $9.98 to a day high of $10.30. The price has risen in 6 of the last 10 days, but is still down by -3.3% for this period. Volume fell on the last day by -6 thousand shares and in total, 202 thousand shares were bought and sold for approximately $2.08 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.33% during the next 3 months and, with a 90% probability hold a price between $9.11 and $10.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. The Benefitfocus 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 $10.77. On a fall, the stock will find some support from the short-term average at $10.18. 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). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Benefitfocus finds support from accumulated volume at $10.23 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 $0.32 between high and low, or 3.23%. For the last week, the stock has had a daily average volatility of 4.08%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Benefitfocus stock A Buy?

Benefitfocus 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: -2.558

Predicted Opening Price for Benefitfocus of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$10.18 $10.26 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

The last rating was given by The Goldman Sachs Group on Jun 03, 2021. The price target was set to $13.00.

Volatility and Risk
Daily Average Volatility: 4.08 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.08 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.92
Price: $10.26
Support: $10.23

BNFT Insider Trading Show all Trades

INSIDER POWER

3.524

Last 100 transactions
Buy: 3 802 015 | Sell: 1 078 971 (Shares)
Date Action Amount Person Type
Nov 05, 2021 Buy 18 229 Wilson J Bradley Common Stock
Nov 01, 2021 Sell 352 Wegner Alpana Common Stock
Oct 01, 2021 Sell 119 Wegner Alpana Common Stock
Sep 17, 2021 Buy 137 539 Swad Stephen M Common Stock
Sep 17, 2021 Sell 137 539 Swad Stephen M Common Stock
Show all Insider Trades
INSIDER POWER

3.524

Last 100 transactions
Buy: 3 802 015 | Sell: 1 078 971 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.50 2.36 %
10.38 1.16 %
10.30 0.41 %
Current price: 10.26
Support 10.06 -1.99 %
9.98 -2.73 %
9.86 -3.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.36 10.72 %
11.04 7.60 %
10.92 6.43 %
Current price 10.26
Support 10.23 -0.29%
10.17 -0.88%
10.06 -1.95%

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About Benefitfocus

Benefitfocus Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company’s products for insurance carriers include Marketplace, an online shopping environment; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for ... Read more

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