Broadstone Net Lease, Inc. Stock Forecast
Broadstone Net Lease, Inc. stock price down 0.487% on Wednesday
(Updated on Apr 17, 2024)
The Broadstone Net Lease, Inc. stock price fell by -0.487% on the last day (Wednesday, 17th Apr 2024) from $14.36 to $14.29. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.40% from a day low at $14.25 to a day high of $14.45. The price has been going up and down for this period, and there has been a -3.77% loss 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 -24 thousand shares and in total, 788 thousand shares were bought and sold for approximately $11.27 million.
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 -10.70% during the next 3 months and, with a 90% probability hold a price between $12.05 and $13.65 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.
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BNL Signals & Forecast
There are few to no technical positive signals at the moment. The Broadstone Net Lease, 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 $14.66 and $14.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.81%. 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). 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 Broadstone Net Lease, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.200 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNL) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Broadstone Net Lease, Inc. to open at $14.33, and during the day (based on 14 day Average True Range), to move between $13.97 and $14.61, which gives a possible trading interval of +/-$0.322 (+/-2.25%) up or down from last closing price. If Broadstone Net Lease, Inc. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $14.79, some $0.500 (3.50%) from the current price of $14.29, our system finds the risk reward not very attractive.
Is Broadstone Net Lease, Inc. stock A Buy?
Broadstone Net Lease, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.557 Sell Candidate Unchanged
Predicted Opening Price for Broadstone Net Lease, Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $14.33 ( 0.257%) | $14.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.53 | 1.66 % | |
| R2 | 14.45 | 1.12 % | ||
| R1 | 14.40 | 0.791 % | ||
| Current price: | 14.29 | |||
| Support | S1 | 14.25 | -0.278 % | |
| S2 | 14.20 | -0.608 % | ||
| S3 | 14.13 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.67 | 9.66 % | |
| R2 | 14.91 | 4.34 % | ||
| R1 | 14.79 | 3.50 % | ||
| Current price | 14.29 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.285 | 1.97% |
| 2 | Oct 26, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.290 | 1.71% |
| 3 | Jul 27, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.280 | 1.94% |
| 4 | Apr 27, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.280 | 1.75% |
| 5 | Feb 22, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.275 | 1.72% |
FAQ
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