BorgWarner Inc Stock Forecast
BorgWarner Inc stock price up more than 8.40% on Thursday
(Updated on May 02, 2024)
The BorgWarner Inc stock price gained 8.40% on the last trading day (Thursday, 2nd May 2024), rising from $32.87 to $35.63. During the last trading day the stock fluctuated 5.22% from a day low at $34.10 to a day high of $35.88. The price has risen in 8 of the last 10 days and is up by 10.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $174.37 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.59% during the next 3 months and, with a 90% probability hold a price between $35.16 and $39.54 at the end of this 3-month period.
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BWA Signals & Forecast
The BorgWarner Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $33.52 and $33.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BorgWarner Inc stock
BorgWarner Inc finds support from accumulated volume at $34.74 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 $1.78 between high and low, or 5.22%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $34.29 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (BWA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect BorgWarner Inc to open at $35.20, and during the day (based on 14 day Average True Range), to move between $34.67 and $36.59, which gives a possible trading interval of +/-$0.96 (+/-2.69%) up or down from last closing price. If BorgWarner Inc takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.74, some $0.89 (2.50%) from the current price of $35.63, our system finds the risk reward attractive.
Is BorgWarner 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 BorgWarner Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.084 Buy Candidate Upgraded
Predicted Opening Price for BorgWarner Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $35.20 ( 1.20%) | $35.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.98 | 3.80 % | |
| R2 | 36.30 | 1.89 % | ||
| R1 | 35.88 | 0.711 % | ||
| Current price: | 35.63 | |||
| Support | S1 | 34.52 | -3.11 % | |
| S2 | 34.10 | -4.28 % | ||
| S3 | 33.42 | -6.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 35.63 | |||
| Support | S1 | 34.74 | -2.50% | |
| S2 | 33.65 | -5.56% | ||
| S3 | 31.48 | -11.65% |
BWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.110 | 0.309% |
| 2 | Feb 07, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.110 | 0.342% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.110 | 0.316% |
| 4 | Jun 26, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.110 | 0.268% |
| 5 | Apr 27, 2023 | May 31, 2023 | Jun 15, 2023 | $0.170 | 0.400% |
FAQ
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