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Bassett Furniture Industries Stock Forecast NASDAQ:BSET

$16.39 (-2.38%)

Volume: 85k

Closed: Nov 29, 2021

Hollow Logo Score: -3.596

Bassett Furniture Industries Stock Forecast

$16.39 (-2.38%)

Volume: 85k

Closed: Nov 29, 2021

Score Hollow Logo -3.596
Which way will BSET go? Request
Key Stats
P/E Ratio 8.18
Beta 1.67
Trailing Dividend Rate 2.45% ($0.40)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Bassett Furniture Industries stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Red day on Monday for Bassett Furniture Industries
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-26 Loss -2.38%

The Bassett Furniture Industries stock price fell by -2.38% on the last day (Monday, 29th Nov 2021) from $16.79 to $16.39. and has now fallen 5 days in a row. During the day the stock fluctuated 6.65% from a day low at $15.93 to a day high of $16.99. The price has fallen in 8 of the last 10 days and is down by -9.9% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 85 thousand shares were bought and sold for approximately $1.40 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 -14.84% during the next 3 months and, with a 90% probability hold a price between $13.36 and $15.22 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The Bassett Furniture Industries 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 $17.36 and $17.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -10.44%. 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). Bassett Furniture Industries gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

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 $1.06 (6.65%) between high and low. For the last week, the stock has had a daily average volatility of 5.59%.

Bassett Furniture Industries is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Bassett Furniture Industries stock A Buy?

Bassett Furniture Industries 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: -3.596

Predicted Opening Price for Bassett Furniture Industries of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$16.44 $16.39 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 23, 2021 "Noble Financial" gave "$32.00" rating for BSET. The price target was set to $20.26+1.9%.

Volatility and Risk
Daily Average Volatility: 5.59 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.59 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $18.43
Price: $16.39
No Support Found

BSET Insider Trading Show all Trades

INSIDER POWER

5.345

Last 100 transactions
Buy: 211 373 | Sell: 39 548 (Shares)
Date Action Amount Person Type
Jun 04, 2021 Sell 5 000 Belk John R Common Stock
Apr 19, 2021 Sell 2 750 Baker David C Common Stock
Apr 19, 2021 Buy 5 250 Baker David C Option
Apr 19, 2021 Buy 5 250 Baker David C Common Stock
Mar 10, 2021 Buy 1 015 Battle Emma S. Common Stock
Show all Insider Trades
INSIDER POWER

5.345

Last 100 transactions
Buy: 211 373 | Sell: 39 548 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 17.50 6.75 %
17.09 4.28 %
16.84 2.76 %
Current price: 16.39
Support 16.03 -2.19 %
15.78 -3.71 %
15.38 -6.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 19.79 20.74 %
19.08 16.41 %
18.43 12.45 %
Current price 16.39
Support 0 .
0 .
0 .

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About Bassett Furniture Industries

Bassett Furniture Industries Bassett Furniture Industries, Incorporated engages in the manufacture, import, and retail of home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Logistical Services. It is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings (BHF) retail stores, as well as independent furniture retailer... Read more

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