Brightsphere Investment Group Plc Stock Forecast
Brightsphere Investment Group Plc stock price ended at $22.62 on Thursday, after gaining 0.89%.
(Updated on May 02, 2024)
The Brightsphere Investment Group Plc stock price gained 0.89% on the last trading day (Thursday, 2nd May 2024), rising from $22.42 to $22.62. During the last trading day the stock fluctuated 2.18% from a day low at $22.29 to a day high of $22.77. The price has been going up and down for this period, and there has been a -0.35% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 183 thousand shares were bought and sold for approximately $4.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 5.50% during the next 3 months and, with a 90% probability hold a price between $22.93 and $24.95 at the end of this 3-month period.
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BSIG Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 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 $22.64 and $22.71. 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 -3.79%. 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 $22.61 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 $0.485 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: $21.62 (-4.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (BSIG) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Brightsphere Investment Group Plc to open at $22.56, and during the day (based on 14 day Average True Range), to move between $22.16 and $23.08, which gives a possible trading interval of +/-$0.461 (+/-2.04%) 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 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.61 (0.04%) than the resistance at $22.64 (0.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brightsphere Investment Group Plc stock A Buy?
Brightsphere Investment Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.115 Hold/Accumulate Unchanged
Predicted Opening Price for Brightsphere Investment Group Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $22.56 ( 0.273%) | $22.62 |
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 | 23.04 | 1.87 % | |
| R2 | 22.86 | 1.05 % | ||
| R1 | 22.74 | 0.546 % | ||
| Current price: | 22.62 | |||
| Support | S1 | 22.37 | -1.09 % | |
| S2 | 22.26 | -1.60 % | ||
| S3 | 22.07 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.74 | 0.531 % | |
| R2 | 22.66 | 0.177 % | ||
| R1 | 22.64 | 0.0884 % | ||
| Current price | 22.62 | |||
| Support | S1 | 22.61 | -0.0442% | |
| S2 | 21.34 | -5.66% | ||
| S3 | 20.86 | -7.78% |
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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