Betterware de Mexico, S.A.P.I. de C.V. Stock Forecast
Betterware de Mexico, S.A.P.I. de C.V. stock downgraded to Hold/Accumulate
(Updated on Apr 23, 2024)
No changes to the price of Betterware de Mexico, S.A.P.I. de C.V. stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 2.34% from a day low at $19.25 to a day high of $19.70. The price has fallen in 7 of the last 10 days but is still up by 0.67% over the past 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.59% during the next 3 months and, with a 90% probability hold a price between $27.62 and $34.25 at the end of this 3-month period.
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BWMX Signals & Forecast
The Betterware de Mexico, S.A.P.I. de C.V. 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 $18.78 and $19.01. A breakdown below any of these levels will issue sell signals. 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 Monday, March 25, 2024, and so far it has fallen -4.69%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Betterware de Mexico, S.A.P.I. de C.V. stock
Betterware de Mexico, S.A.P.I. de C.V. finds support from accumulated volume at $18.91 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 $0.450 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: $18.71 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (BWMX) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Betterware de Mexico, S.A.P.I. de C.V. to open at $19.48, and during the day (based on 14 day Average True Range), to move between $18.72 and $20.26, which gives a possible trading interval of +/-$0.767 (+/-3.94%) up or down from last closing price. If Betterware de Mexico, S.A.P.I. de C.V. takes out the full calculated possible swing range there will be an estimated 7.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.72 (1.18%) than the support at $18.91 (2.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Betterware de Mexico, S.A.P.I. de C.V. will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.560. We will update the financials statements for Betterware de Mexico, S.A.P.I. de C.V., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.70% in the first trading day after earnings release.
Is Betterware de Mexico, S.A.P.I. de C.V. stock A Buy?
Betterware de Mexico, S.A.P.I. de C.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.489 Hold/Accumulate Downgraded
Predicted Opening Price for Betterware de Mexico, S.A.P.I. de C.V. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$19.48 ( 0.0515%) | $19.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWMX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.93 | 2.26 % | |
R2 | 19.76 | 1.38 % | ||
R1 | 19.65 | 0.83 % | ||
Current price: | 19.49 | |||
Support | S1 | 19.31 | -0.93 % | |
S2 | 19.20 | -1.48 % | ||
S3 | 19.03 | -2.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.45 | 4.93 % | |
R2 | 19.85 | 1.85 % | ||
R1 | 19.72 | 1.18 % | ||
Current price | 19.49 | |||
Support | S1 | 18.91 | -2.98% | |
S2 | 18.50 | -5.08% | ||
S3 | 18.00 | -7.64% |
BWMX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 07, 2024 | Mar 14, 2024 | $0.391 | 2.12% |
2 | Nov 09, 2023 | Nov 17, 2023 | Nov 24, 2023 | $0.297 | 2.02% |
3 | Aug 07, 2023 | Aug 16, 2023 | Aug 24, 2023 | $0.314 | 2.10% |
4 | May 11, 2023 | May 19, 2023 | May 26, 2023 | $0.222 | 1.78% |
5 | May 28, 2023 | Mar 08, 2023 | May 26, 2023 | $0.146 | 1.17% |
FAQ
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