Anheuser-Busch Inbev SA Stock Forecast
Anheuser-Busch Inbev SA stock price ended at $59.47 on Wednesday, after losing 0.318%.
(Updated on May 01, 2024)
The Anheuser-Busch Inbev SA stock price fell by -0.318% on the last day (Wednesday, 1st May 2024) from $59.66 to $59.47. During the last trading day the stock fluctuated 1.48% from a day low at $59.24 to a day high of $60.11. The price has risen in 7 of the last 10 days and is up by 3.68% 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 -935 thousand shares and in total, 1 million shares were bought and sold for approximately $71.03 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.82% during the next 3 months and, with a 90% probability hold a price between $51.80 and $56.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BUD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.08%. Further rise is indicated until a new top pivot has been found. 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 Anheuser-Busch Inbev SA 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 $59.97 and $59.88. A break-up above any of these levels will issue buy signals. 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 Anheuser-Busch Inbev SA stock
Anheuser-Busch Inbev SA finds support from accumulated volume at $59.29 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 $0.88 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BUD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Anheuser-Busch Inbev SA to open at $59.61, and during the day (based on 14 day Average True Range), to move between $58.65 and $60.29, which gives a possible trading interval of +/-$0.82 (+/-1.39%) up or down from last closing price. If Anheuser-Busch Inbev SA takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $59.29 (0.30%) than the resistance at $60.06 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Anheuser-Busch Inbev SA will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.720. We will update the financials statements for Anheuser-Busch Inbev SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.70% in the first trading day after earnings release.
Is Anheuser-Busch Inbev SA stock A Buy?
Anheuser-Busch Inbev SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.152 Sell Candidate Unchanged
Predicted Opening Price for Anheuser-Busch Inbev SA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $59.61 ( 0.227%) | $59.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.48 | 1.70 % | |
| R2 | 60.15 | 1.14 % | ||
| R1 | 59.94 | 0.789 % | ||
| Current price: | 59.47 | |||
| Support | S1 | 59.27 | -0.335 % | |
| S2 | 59.06 | -0.682 % | ||
| S3 | 58.73 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.53 | 10.19 % | |
| R2 | 61.01 | 2.59 % | ||
| R1 | 60.06 | 0.99 % | ||
| Current price | 59.47 | |||
| Support | S1 | 59.29 | -0.303% | |
| S2 | 57.36 | -3.55% | ||
| S3 | 57.14 | -3.92% |
BUD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 03, 2024 | $0 | 0% |
| 2 | Apr 12, 2023 | May 03, 2023 | Jun 14, 2023 | $0.82 | 1.45% |
| 3 | Apr 12, 2022 | May 03, 2022 | Jun 02, 2022 | $0.543 | 0.98% |
| 4 | Apr 13, 2021 | May 04, 2021 | May 05, 2021 | $0.596 | 0.84% |
| 5 | May 29, 2020 | Jun 09, 2020 | Jul 09, 2020 | $0.551 | 1.08% |
FAQ
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