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$2.94 (-1.34%)

Volume: 106k

Closed: September 16, 2021

Score: -1.432

Broadwind Energy Stock Forecast

$2.94 (-1.34%)

Volume: 106k

Closed: September 16, 2021

Score -1.432
Which way will BWEN go? Request
Key Stats
P/E Ratio 9.51
Beta 1.88
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

Broadwind Energy stock price down 1.34% on Thursday
(Updated on September 16, 2021)


Sell candidate since 2021-09-15 Loss -1.34%

The Broadwind Energy stock price fell by -1.34% on the last day (Thursday, 16th Sep 2021) from $2.98 to $2.94. and has now fallen 4 days in a row. During the day the stock fluctuated 4.05% from a day low at $2.91 to a day high of $3.03. The price has fallen in 7 of the last 10 days and is down by -7.26% 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 -140 thousand shares and in total, 106 thousand shares were bought and sold for approximately $311.13 thousand.

The stock lies in the middle of a wide and 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 -38.94% during the next 3 months and, with a 90% probability hold a price between $1.69 and $1.91 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.

Signals & Forecast

There are mixed signals in the stock today. The Broadwind 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 $3.00 and $3.34. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Thursday, September 09, 2021, and so far it has risen 0.34%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Broadwind Energy finds support from accumulated volume at $2.93 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.12 between high and low, or 4.05%. For the last week the stock has had a daily average volatility of 5.36%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Broadwind Energy stock A Buy?

Broadwind Energy 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: -1.432

Predicted Opening Price for Broadwind Energy of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$2.96 $2.94 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On August 09, 2021 "Roth Capital" gave "$8.00 - $6.00" rating for BWEN. The price target was set to $3.95+11.9%.

Volatility and Risk
Daily Average Volatility: 5.36 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.36 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.09
Price: $2.94
Support: $2.93

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.08 4.72 %
3.03 3.18 %
3.01 2.24 %
Current price: 2.94
Support 2.92 -0.83 %
2.89 -1.78 %
2.84 -3.31 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.17 7.82 %
3.11 5.78 %
3.09 5.10 %
Current price 2.94
Support 2.93 -0.34%
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About Broadwind Energy

Broadwind Energy, Inc. provides products and services to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through two segments, Towers and Weldments, and Gearing. The Towers and Weldments segment manufactures towers that are designed for various megawatt wind turbines, as well as specialty fabrications and specialty weldments for mining and other industrial customers. The Gearing segment engineer... Read more

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