Bw Lpg Limited Stock Forecast
Stronger technical forecast for Bw Lpg Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Bw Lpg Limited stock price gained 3.64% on the last trading day (Friday, 28th Jun 2024), rising from $18.41 to $19.08. During the last trading day the stock fluctuated 3.49% from a day low at $18.58 to a day high of $19.23. The price has risen in 6 of the last 10 days and is up by 10.54% 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, 170 thousand more shares were traded than the day before. In total, 360 thousand shares were bought and sold for approximately $6.87 million.
The stock lies in the lower part of a very 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 $17.96 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 50.86% during the next 3 months and, with a 90% probability hold a price between $27.09 and $36.90 at the end of this 3-month period.
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BWLP Signals & Forecast
The Bw Lpg Limited 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 $18.27 and $18.27. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -13.00%. 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).
Support, Risk & Stop-loss for Bw Lpg Limited stock
Bw Lpg Limited finds support from accumulated volume at $18.74 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 $0.649 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: $17.90 (-6.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 68 days ago.)
Trading Expectations (BWLP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bw Lpg Limited to open at $18.96, and during the day (based on 14 day Average True Range), to move between $18.33 and $19.83, which gives a possible trading interval of +/-$0.749 (+/-3.93%) up or down from last closing price. If Bw Lpg Limited takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.74 (1.78%) than the resistance at $20.17 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bw Lpg Limited 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 Bw Lpg Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.445 Buy Candidate Upgraded
Predicted Opening Price for Bw Lpg Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.96 ( 0.613%) | $19.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWLP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.61 | 2.79% |
| R2 | 19.36 | 1.49% |
| R1 | 19.21 | 0.686% |
| Price | 19.08 | |
| S1 | 18.72 | -1.91% |
| S2 | 18.56 | -2.72% |
| S3 | 18.31 | -4.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.65 | 13.47% |
| R2 | 21.03 | 10.22% |
| R1 | 20.17 | 5.71% |
| Price | 19.08 | |
| S1 | 18.74 | -1.78% |
| S2 | 17.97 | -5.82% |
| S3 | 16.76 | -12.16% |
BWLP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 28, 2024 | $1.00 | 5.24% |
| 2 | Jun 07, 2024 | Jun 07, 2024 | Jun 28, 2024 | $1.00 | 5.24% |
| 3 | Mar 05, 2024 | Mar 05, 2024 | Mar 05, 2024 | $0.90 | 8.14% |
| 4 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | $0.80 | 5.34% |
| 5 | Sep 01, 2023 | Sep 01, 2023 | Sep 01, 2023 | $0.81 | 6.69% |
FAQ
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