RSI low/high Values: [ 25 - 75 ]
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AI Analysis of BWEN
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Broadwind Energy stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Broadwind Energy stock price gained 0.85% on the last trading day (Thursday, 28th Mar 2024), rising from $2.36 to $2.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.43% from a day low at $2.33 to a day high of $2.41. The price has risen in 6 of the last 10 days and is up by 4.39% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 50 thousand shares were bought and sold for approximately $118.29 thousand. 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 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 -9.15% during the next 3 months and, with a 90% probability hold a price between $1.97 and $2.33 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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BWEN Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 7.21%. 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 Broadwind Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.43. On a fall, the stock will find some support from the short-term average at $2.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Broadwind Energy stock

Broadwind Energy finds support from accumulated volume at $2.37 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 $0.0800 between high and low, or 3.43%. For the last week the stock has had daily average volatility of 5.65%.

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

Trading Expectations (BWEN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Broadwind Energy to open at $2.37, and during the day (based on 14 day Average True Range), to move between $2.24 and $2.52, which gives a possible trading interval of +/-$0.136 (+/-5.70%) up or down from last closing price. If Broadwind Energy takes out the full calculated possible swing range there will be an estimated 11.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.37 (0.42%) than the resistance at $2.40 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.010 Sell Candidate Downgraded

Predicted Opening Price for Broadwind Energy of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.37 ( 0.280%) $2.38

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

Trading levels for BWEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.45 3.08 %
R2 2.42 1.80 %
R1 2.40 1.00 %
Current price: 2.38
Support S1 2.34 -1.56 %
S2 2.32 -2.36 %
S3 2.29 -3.64 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.67 12.18 %
R2 2.43 2.10 %
R1 2.40 0.84 %
Current price 2.38
Support S1 2.37 -0.420%
S2 2.36 -0.84%
S3 2.26 -5.04%

FAQ

What is the symbol for Broadwind Energy Stock and on which exchange is it traded?
The symbol for Broadwind Energy is BWEN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Broadwind Energy Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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

What's the current price of Broadwind Energy Stock?
As of the end of day on the 2024-03-28, the price of an Broadwind Energy (BWEN) share was $2.38.

What is the 52-week high and low for Broadwind Energy Stock?
The 52-week high for Broadwind Energy Stock is $5.64 and the 52-week low is $2.01.

What is the market capitalization of Broadwind Energy Stock?
As of the 2024-03-28, the market capitalization of Broadwind Energy is 51.328M.

When is the next earnings date for Broadwind Energy?
The upcoming earnings date for Broadwind Energy is May 09, 2024.
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About Broadwind Energy

Broadwind Energy Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, a... BWEN Profile

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