Brightsphere Investment Group Plc Stock Forecast
Green day on Friday for Brightsphere Investment Group Plc
(Updated on Apr 19, 2024)
The Brightsphere Investment Group Plc stock price gained 1.32% on the last trading day (Friday, 19th Apr 2024), rising from $22.70 to $23.00. During the last trading day the stock fluctuated 1.74% from a day low at $22.70 to a day high of $23.09. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 168 thousand shares were bought and sold for approximately $3.86 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.04% during the next 3 months and, with a 90% probability hold a price between $22.94 and $25.31 at the end of this 3-month period.
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BSIG Signals & Forecast
The Brightsphere Investment Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.63 and $22.69. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -0.130%. 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).
Support, Risk & Stop-loss for Brightsphere Investment Group Plc stock
Brightsphere Investment Group Plc finds support from accumulated volume at $22.66 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 $0.394 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $22.10 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (BSIG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Brightsphere Investment Group Plc to open at $22.93, and during the day (based on 14 day Average True Range), to move between $22.57 and $23.43, which gives a possible trading interval of +/-$0.429 (+/-1.87%) up or down from last closing price. If Brightsphere Investment Group Plc takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.03 (0.13%) than the support at $22.66 (1.48%), 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 Brightsphere Investment Group Plc stock A Buy?
Brightsphere Investment Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.865 Hold/Accumulate Unchanged
Predicted Opening Price for Brightsphere Investment Group Plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $22.93 ( 0.298%) | $23.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.33 | 1.42 % | |
| R2 | 23.18 | 0.761 % | ||
| R1 | 23.08 | 0.357 % | ||
| Current price: | 23.00 | |||
| Support | S1 | 22.78 | -0.95 % | |
| S2 | 22.69 | -1.36 % | ||
| S3 | 22.54 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 23.03 | 0.130 % | ||
| Current price | 23.00 | |||
| Support | S1 | 22.66 | -1.48% | |
| S2 | 22.12 | -3.83% | ||
| S3 | 22.00 | -4.35% |
BSIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0100 | 0.0438% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.0100 | 0.0519% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0100 | 0.0516% |
| 4 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.0100 | 0.0477% |
| 5 | Feb 02, 2023 | Mar 16, 2023 | Jun 30, 2023 | $0.0100 | 0.0477% |
FAQ
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