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Brightsphere Investment Group Plc Stock Forecast NYSE:BSIG

$23.37 (-2.09%)

Volume: 426k

Closed: Jan 19, 2022

Hollow Logo Score: -3.617

Brightsphere Investment Group Plc Stock Forecast

$23.37 (-2.09%)

Volume: 426k

Closed: Jan 19, 2022

Score Hollow Logo -3.617
Which way will BSIG go? Request
Earnings Date: Feb 03, 2022
Key Stats
Beta 1.45
Trailing Dividend Rate 0.17% ($0.0400)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] The Brightsphere Investment Group Plc stock currently holds an RSI14 at 18 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.

Brightsphere Investment Group Plc stock price down 2.09% on Wednesday
(Updated on Jan 19, 2022)


Sell candidate since 2022-01-19 PDF

The Brightsphere Investment Group Plc stock price fell by -2.09% on the last day (Wednesday, 19th Jan 2022) from $23.87 to $23.37. and has now fallen 4 days in a row. During the day the stock fluctuated 3.04% from a day low at $23.34 to a day high of $24.05. The price has fallen in 6 of the last 10 days and is down by -7.66% for this period. 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 -72 thousand shares and in total, 426 thousand shares were bought and sold for approximately $9.96 million.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($24.40) are considered to be a "second chance" to get out. According to the fan-theory $21.05 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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 Brightsphere Investment Group Plc 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 $24.25 and $26.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 09, 2021, and so far it has fallen -22.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.71 between high and low, or 3.04%. For the last week, the stock has had a daily average volatility of 2.46%.

Brightsphere Investment Group Plc is oversold on RSI14 (18). 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 Brightsphere Investment Group Plc stock A Buy?

Brightsphere Investment Group Plc 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: -3.617

Sell Candidate Unchanged

Insiders are very negative selling more shares than they are buying in Brightsphere Investment Group Plc

In the last 76 trades there were 5.41 million shares bought and 16.5 million shares sold. The last trade was done 21 days ago by Rana Suren who sold 375 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Predicted Opening Price for Brightsphere Investment Group Plc of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$23.59 $23.37 (Undervalued)

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Analyst Ratings

On Jan 07, 2022 "Morgan Stanley" gave "$32.00 - $31.00" rating for BSIG. The price target was set to $24.31+0.2%.

Volatility and Risk
Daily Average Volatility: 2.46 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.46 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.64
Price: $23.37
No Support Found

BSIG Insider Trading Show all Trades

INSIDER POWER

-67.510

Last 76 transactions
Buy: 5 405 764 | Sell: 16 495 648 (Shares)
Date Action Amount Person Type
Dec 31, 2021 Sell 375 000 Rana Suren Employee Stock Option
Dec 31, 2021 Sell 128 176 Rana Suren Common Stock
Dec 31, 2021 Sell 246 824 Rana Suren Common Stock
Dec 31, 2021 Buy 375 000 Rana Suren Common Stock
Dec 21, 2021 Sell 38 Wiater Christina Common Stock
Show all Insider Trades
INSIDER POWER

-67.510

Last 76 transactions
Buy: 5 405 764 | Sell: 16 495 648 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 24.30 3.97 %
24.03 2.80 %
23.86 2.09 %
Current price: 23.37
Support 23.32 -0.23 %
23.15 -0.95 %
22.88 -2.11 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 28.85 23.45 %
28.70 22.81 %
25.64 9.71 %
Current price 23.37
Support 0 .
0 .
0 .

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