Brightsphere Investment Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Brightsphere Investment Group Plc stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Brightsphere Investment Group Plc stock price fell by -1.52% on the last day (Friday, 26th Apr 2024) from $22.96 to $22.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at $22.59 to a day high of $23.11. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. 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 -19 thousand shares and in total, 121 thousand shares were bought and sold for approximately $2.74 million.
The stock lies in the middle of a 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 $23.05 and $25.00 at the end of this 3-month period.
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BSIG Signals & Forecast
There are few to no technical positive signals at the moment. 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. On corrections up, there will be some resistance from the lines at $23.02 and $22.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.83%. 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). 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 for Brightsphere Investment Group Plc stock
Brightsphere Investment Group Plc finds support from accumulated volume at $22.00 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 $0.515 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSIG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Brightsphere Investment Group Plc to open at $22.77, and during the day (based on 14 day Average True Range), to move between $22.16 and $23.06, which gives a possible trading interval of +/-$0.447 (+/-1.98%) 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 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.64 (0.13%) than the support at $22.00 (2.70%), 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.
Earnings coming up
Brightsphere Investment Group Plc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.340. We will update the financials statements for Brightsphere Investment Group Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.76% in the first trading day after earnings release.
Is Brightsphere Investment Group Plc stock A Buy?
The Brightsphere Investment Group Plc stock holds several negative signals and despite the positive trend, we believe Brightsphere Investment Group Plc will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.209 Sell Candidate Downgraded
Predicted Opening Price for Brightsphere Investment Group Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $22.77 ( 0.700%) | $22.61 |
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 | 23.28 | 2.98 % | |
| R2 | 23.09 | 2.11 % | ||
| R1 | 22.97 | 1.57 % | ||
| Current price: | 22.61 | |||
| Support | S1 | 22.57 | -0.170 % | |
| S2 | 22.45 | -0.707 % | ||
| S3 | 22.25 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.74 | 0.575 % | |
| R2 | 22.66 | 0.221 % | ||
| R1 | 22.64 | 0.133 % | ||
| Current price | 22.61 | |||
| Support | S1 | 22.00 | -2.70% | |
| S2 | 21.34 | -5.62% | ||
| S3 | 20.86 | -7.74% |
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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