BrightView Holdings Inc. Stock Forecast
BrightView Holdings Inc. stock price ended at $11.33 on Wednesday, after losing 1.65%.
(Updated on Apr 24, 2024)
The BrightView Holdings Inc. stock price fell by -1.65% on the last day (Wednesday, 24th Apr 2024) from $11.52 to $11.33. During the last trading day the stock fluctuated 2.83% from a day low at $11.31 to a day high of $11.63. The price has been going up and down for this period, and there has been a -1.99% loss for the last 2 weeks. Volume has increased on the last day by 782 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $14.63 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.50% during the next 3 months and, with a 90% probability hold a price between $15.89 and $18.86 at the end of this 3-month period.
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BV Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.98%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $11.12 and $11.06. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for BrightView Holdings Inc. stock
BrightView Holdings Inc. finds support from accumulated volume at $11.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.320 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: $10.90 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (BV) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect BrightView Holdings Inc. to open at $11.42, and during the day (based on 14 day Average True Range), to move between $10.94 and $11.72, which gives a possible trading interval of +/-$0.385 (+/-3.40%) up or down from last closing price. If BrightView Holdings Inc. takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.24 (0.79%) than the resistance at $11.69 (3.18%), 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
BrightView Holdings Inc. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0700. We will update the financials statements for BrightView Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.35% in the first trading day after earnings release.
Is BrightView Holdings Inc. 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 BrightView Holdings Inc. stock to perform well in the short-term.
Current score: 1.439 Buy Candidate Unchanged
Predicted Opening Price for BrightView Holdings Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.42 ( 0.794%) | $11.33 |
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 | 11.74 | 3.62 % | |
| R2 | 11.62 | 2.54 % | ||
| R1 | 11.54 | 1.87 % | ||
| Current price: | 11.33 | |||
| Support | S1 | 11.30 | -0.285 % | |
| S2 | 11.22 | -0.95 % | ||
| S3 | 11.10 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.90 | 5.03 % | |
| R2 | 11.77 | 3.88 % | ||
| R1 | 11.69 | 3.18 % | ||
| Current price | 11.33 | |||
| Support | S1 | 11.24 | -0.794% | |
| S2 | 10.20 | -9.97% | ||
| S3 | 8.84 | -21.98% |
FAQ
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