BAE Systems plc Stock Forecast

BAE Systems plc stock price ended at 15.90€ on Friday, after losing 0%.
(Updated on May 17, 2024)

BSP.DE Signals & Forecast

The BAE Systems plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 15.99€. On a fall, the stock will find some support from the long-term average at approximately 15.74€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -3.08%. 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). The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for BAE Systems plc stock

BAE Systems plc finds support from accumulated volume at 15.78€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.205€ (1.30%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: 15.12€ (-4.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BSP.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect BAE Systems plc to open at 15.91€, and during the day (based on 14 day Average True Range), to move between 15.58€ and 16.22€, which gives a possible trading interval of +/-0.319€ (+/-2.01%) up or down from last closing price. If BAE Systems plc takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 15.78€ (0.79%) than the resistance at 16.07€ (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BAE Systems plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BAE Systems plc stock to perform well in the short-term.

Current score: 3.784 Buy Candidate Unchanged

Predicted Opening Price for BAE Systems plc of Monday, May 20, 2024

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