Boston Pizza Royalties Income Fund Stock Forecast
Stronger technical forecast for Boston Pizza Royalties Income Fund stock price after Thursday trading.
(Updated on May 23, 2024)
The Boston Pizza Royalties Income Fund stock price fell by -0.318% on the last day (Thursday, 23rd May 2024) from $15.74 to $15.69. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.83% from a day low at $15.65 to a day high of $15.78. The price has been going up and down for this period, and there has been a -0.7% 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 -46 thousand shares and in total, 27 thousand shares were bought and sold for approximately $423.77 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $15.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Boston Pizza Royalties Income Fund stock with a 90% probability to be traded between $15.82 and $16.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BPF-UN.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boston Pizza Royalties Income Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.87 and $15.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Boston Pizza Royalties Income Fund stock
Boston Pizza Royalties Income Fund finds support from accumulated volume at $15.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.130 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.84%
Our recommended stop-loss: $15.04 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (BPF-UN.TO) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Boston Pizza Royalties Income Fund to open at $15.71, and during the day (based on 14 day Average True Range), to move between $15.57 and $15.81, which gives a possible trading interval of +/-$0.124 (+/-0.79%) up or down from last closing price. If Boston Pizza Royalties Income Fund takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.67 (0.13%) than the resistance at $15.73 (0.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boston Pizza Royalties Income Fund stock A Buy?
Boston Pizza Royalties Income Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.437 Hold/Accumulate Upgraded
Predicted Opening Price for Boston Pizza Royalties Income Fund of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $15.71 ( 0.106%) | $15.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPF-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.84 | 0.93 % | |
| R2 | 15.79 | 0.618 % | ||
| R1 | 15.76 | 0.423 % | ||
| Current price: | 15.69 | |||
| Support | S1 | 15.66 | -0.210 % | |
| S2 | 15.63 | -0.406 % | ||
| S3 | 15.58 | -0.722 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.76 | 0.446 % | |
| R2 | 15.75 | 0.382 % | ||
| R1 | 15.73 | 0.255 % | ||
| Current price | 15.69 | |||
| Support | S1 | 15.67 | -0.127% | |
| S2 | 15.60 | -0.574% | ||
| S3 | 15.55 | -0.89% |
BPF-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 31, 2024 | $0.113 | 0.720% |
| 2 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.113 | 0.719% |
| 3 | Mar 20, 2024 | Mar 20, 2024 | Mar 20, 2024 | $0 | 0% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.113 | 0.723% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.107 | 0.692% |
FAQ
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