Bowlero Corp. Stock Forecast
Green day on Monday for Bowlero Corp.
(Updated on Apr 29, 2024)
The Bowlero Corp. stock price gained 0.94% on the last trading day (Monday, 29th Apr 2024), rising from $11.71 to $11.82. It has now gained 4 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 2.56% from a day low at $11.74 to a day high of $12.04. The price has risen in 6 of the last 10 days but is still down by -0.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 584 thousand shares were bought and sold for approximately $6.90 million.
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 $11.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.67% during the next 3 months and, with a 90% probability hold a price between $10.62 and $13.44 at the end of this 3-month period.
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BOWL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 4.51%. Further rise is indicated until a new top pivot has been found. 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. The Bowlero Corp. 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 $12.77. On a fall, the stock will find some support from the short-term average at $11.63. 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 Bowlero Corp. stock
Bowlero Corp. finds support from accumulated volume at $11.60 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.300 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOWL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Bowlero Corp. to open at $11.87, and during the day (based on 14 day Average True Range), to move between $11.33 and $12.31, which gives a possible trading interval of +/-$0.493 (+/-4.17%) up or down from last closing price. If Bowlero Corp. takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.60 (1.86%) than the resistance at $12.45 (5.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bowlero Corp. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.250. We will update the financials statements for Bowlero Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.24% in the first trading day after earnings release.
Is Bowlero Corp. stock A Buy?
Bowlero Corp. 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: -2.418 Sell Candidate Unchanged
Predicted Opening Price for Bowlero Corp. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $11.87 ( 0.395%) | $11.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.17 | 2.93 % | |
| R2 | 12.05 | 1.96 % | ||
| R1 | 11.98 | 1.36 % | ||
| Current price: | 11.82 | |||
| Support | S1 | 11.75 | -0.575 % | |
| S2 | 11.68 | -1.17 % | ||
| S3 | 11.57 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.47 | 13.96 % | |
| R2 | 13.43 | 13.62 % | ||
| R1 | 12.45 | 5.33 % | ||
| Current price | 11.82 | |||
| Support | S1 | 11.60 | -1.86% | |
| S2 | 11.12 | -5.92% | ||
| S3 | 10.81 | -8.54% |
BOWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.0550 | 0.431% |
FAQ
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