Boston Pizza Royalties Income Fund Stock Forecast
Weaker technical forecast for Boston Pizza Royalties Income Fund as stock downgraded to Sell Candidate.
(Updated on Jun 24, 2024)
No changes to the price of Boston Pizza Royalties Income Fund stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $15.73 to a day high of $15.73. The price has fallen in 5 of the last 10 days and is down by -1.87% for this period.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $15.73 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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BPF-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 $15.93 and $15.88. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Boston Pizza Royalties Income Fund stock
Boston Pizza Royalties Income Fund finds support from accumulated volume at $15.72 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BPF-UN.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Boston Pizza Royalties Income Fund to open at $15.73, and during the day (based on 14 day Average True Range), to move between $15.56 and $15.90, which gives a possible trading interval of +/-$0.165 (+/-1.05%) 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 2.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.74 (0.06%) than the support at $15.72 (0.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Boston Pizza Royalties Income Fund stock A Buy?
Boston Pizza Royalties Income Fund 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.081 Sell Candidate Downgraded
Predicted Opening Price for Boston Pizza Royalties Income Fund of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$15.73 ( 0.00000000%) | $15.73 |
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 | |
---|---|---|
R3 | 15.73 | 0.00000000% |
R2 | 15.73 | 0.00000000% |
R1 | 15.73 | 0.00000000% |
Price | 15.73 | |
S1 | 15.73 | 0.00000000% |
S2 | 15.73 | 0.00000000% |
S3 | 15.73 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.98 | 1.59% |
R2 | 15.76 | 0.191% |
R1 | 15.74 | 0.0636% |
Price | 15.73 | |
S1 | 15.72 | -0.0636% |
S2 | 15.71 | -0.127% |
S3 | 15.60 | -0.83% |
BPF-UN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 21, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.113 | 0.711% |
2 | May 17, 2024 | May 17, 2024 | May 31, 2024 | $0.113 | 0.716% |
3 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.113 | 0.719% |
4 | Mar 20, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.113 | 0.719% |
5 | Feb 20, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.113 | 0.723% |
FAQ
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