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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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BrightView Holdings Inc. stock downgraded to Hold/Accumulate
(Updated on Mar 18, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 20.09% PDF

The BrightView Holdings Inc. stock price gained 0.784% on the last trading day (Monday, 18th Mar 2024), rising from $10.20 to $10.28. During the last trading day the stock fluctuated 2.12% from a day low at $10.14 to a day high of $10.35. The price has risen in 7 of the last 10 days and is up by 9.25% over the past 2 weeks. Volume fell on the last day by -96 thousand shares and in total, 669 thousand shares were bought and sold for approximately $6.88 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $9.90, a level that may pose a second chance to hit a runner. According to fan-theory $11.04 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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BV Signals & Forecast

The BrightView Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.01 and $9.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 25.98%. 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). 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.

Support, Risk & Stop-loss for BrightView Holdings Inc. stock

BrightView Holdings Inc. finds support from accumulated volume at $10.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.215 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 3.06%.

The BrightView Holdings Inc. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $9.95 (-3.18%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (BV) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect BrightView Holdings Inc. to open at $10.26, and during the day (based on 14 day Average True Range), to move between $9.99 and $10.57, which gives a possible trading interval of +/-$0.293 (+/-2.85%) up or down from last closing price. If BrightView Holdings Inc. takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $10.20, some $0.0800 (0.78%) from the current price of $10.28, our system finds the risk reward attractive.

Is BrightView Holdings Inc. stock A Buy?

BrightView Holdings Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for BrightView Holdings Inc. of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$10.26 ( 0.243%) $10.28

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

Trading levels for BV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.47 1.85 %
R2 10.39 1.05 %
R1 10.34 0.556 %
Current price: 10.28
Support S1 10.17 -1.04 %
S2 10.12 -1.54 %
S3 10.04 -2.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 10.28
Support S1 10.20 -0.778%
S2 8.20 -20.23%
S3 8.04 -21.79%

FAQ

What is the symbol for BrightView Holdings Inc. Stock and on which exchange is it traded?
The symbol for BrightView Holdings Inc. is BV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BrightView Holdings Inc. Stock?
BrightView Holdings Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy BrightView Holdings Inc. Stock?
BrightView Holdings Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BrightView Holdings Inc. Stock.

What's the current price of BrightView Holdings Inc. Stock?
As of the end of day on the 2024-03-18, the price of an BrightView Holdings Inc. (BV) share was $10.28.

What is the 52-week high and low for BrightView Holdings Inc. Stock?
The 52-week high for BrightView Holdings Inc. Stock is $10.36 and the 52-week low is $5.16.

What is the market capitalization of BrightView Holdings Inc. Stock?
As of the 2024-03-18, the market capitalization of BrightView Holdings Inc. is 962.88M.

When is the next earnings date for BrightView Holdings Inc.?
The upcoming earnings date for BrightView Holdings Inc. is May 02, 2024.
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About BrightView Holdings Inc.

BrightView Holdings. BrightView Holdings, Inc., through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf main... BV Profile

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