Beach Energy Limited Stock Forecast
Red day on Wednesday for Beach Energy Limited
(Updated on May 08, 2024)
No changes to the price of Beach Energy Limited stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 2.03% from a day low at $1.58 to a day high of $1.61. The price has risen in 4 of the last 10 days but is still down by -0.63% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.54 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.11% during the next 3 months and, with a 90% probability hold a price between $1.43 and $1.73 at the end of this 3-month period.
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BPT.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.93%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beach Energy Limited 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 $1.67. On a fall, the stock will find some support from the short-term average at $1.58. 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.
Support, Risk & Stop-loss for Beach Energy Limited stock
Beach Energy Limited finds support from accumulated volume at $1.58 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0320 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BPT.AX) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Beach Energy Limited to open at $1.59, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.63, which gives a possible trading interval of +/-$0.0459 (+/-2.89%) up or down from last closing price. If Beach Energy Limited takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.58 (0.32%) than the resistance at $1.60 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beach Energy Limited stock A Buy?
Beach Energy Limited 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: -1.577 Sell Candidate Unchanged
Predicted Opening Price for Beach Energy Limited of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$1.59 ( 0.463%) | $1.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPT.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.62 | 2.48 % | |
R2 | 1.61 | 1.71 % | ||
R1 | 1.60 | 1.23 % | ||
Current price: | 1.59 | |||
Support | S1 | 1.58 | -0.309 % | |
S2 | 1.57 | -0.785 % | ||
S3 | 1.56 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.62 | 1.89 % | |
R2 | 1.61 | 1.58 % | ||
R1 | 1.60 | 0.95 % | ||
Current price | 1.59 | |||
Support | S1 | 1.58 | -0.315% | |
S2 | 1.58 | -0.631% | ||
S3 | 1.56 | -1.89% |
BPT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Mar 28, 2024 | $0.0200 | 1.09% |
2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | $0.0200 | 1.41% |
3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | $0.0100 | 0.571% |
4 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | $0.0100 | 0.662% |
5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | $0.0100 | 0.93% |
FAQ
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