Peabody Energy 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
Red day on Wednesday for Peabody Energy
(Updated on May 01, 2024)
The Peabody Energy stock price fell by -2.28% on the last day (Wednesday, 1st May 2024) from $21.94 to $21.44. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.75% from a day low at $21.34 to a day high of $22.14. The price has fallen in 7 of the last 10 days and is down by -10.78% 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 -278 thousand shares and in total, 4 million shares were bought and sold for approximately $92.34 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 ($21.60) are considered to be a "second chance" to get out. According to the fan-theory $17.70 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BTU 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 Peabody Energy 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 $23.06 and $23.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -21.06%. 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 for Peabody Energy stock
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 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 $0.80 (3.75%) between high and low. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTU) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Peabody Energy Corp to open at $21.64, and during the day (based on 14 day Average True Range), to move between $20.71 and $22.17, which gives a possible trading interval of +/-$0.733 (+/-3.42%) up or down from last closing price. If Peabody Energy Corp takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $23.77, some $2.33 (10.87%) from the current price of $21.44, our system finds the risk reward not very attractive.
Earnings coming up
Peabody Energy will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Peabody Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.90% in the first trading day after earnings release.
Is Peabody Energy Corp stock A Buy?
Peabody Energy 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: -4.938 Sell Candidate Unchanged
Predicted Opening Price for Peabody Energy Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $21.64 ( 0.93%) | $21.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.44 | 4.66 % | |
| R2 | 22.13 | 3.24 % | ||
| R1 | 21.95 | 2.36 % | ||
| Current price: | 21.44 | |||
| Support | S1 | 21.33 | -0.493 % | |
| S2 | 21.15 | -1.37 % | ||
| S3 | 20.84 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.28 | 17.91 % | |
| R2 | 24.09 | 12.36 % | ||
| R1 | 23.77 | 10.87 % | ||
| Current price | 21.44 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BTU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 22, 2024 | Mar 13, 2024 | $0.0750 | 0.298% |
| 2 | Feb 08, 2024 | Feb 21, 2024 | Mar 13, 2024 | $0.0750 | 0.298% |
| 3 | Nov 08, 2023 | Nov 08, 2023 | Nov 29, 2023 | $0.0750 | 0.315% |
| 4 | Jul 27, 2023 | Aug 09, 2023 | Aug 30, 2023 | $0.0750 | 0.342% |
| 5 | Apr 27, 2023 | May 10, 2023 | May 31, 2023 | $0.0750 | 0.413% |
FAQ
Click here for our free guide on how to buy Peabody Energy Stock.
