BWP Trust Stock Forecast

Red day on Friday for BWP Trust stock after losing 0%
(Updated on May 24, 2024)

BWP.AX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.86%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The BWP Trust 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 $3.68 and $3.55. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for BWP Trust stock

BWP Trust finds support from accumulated volume at $3.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0700 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: $3.54 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (BWP.AX) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect BWP Trust to open at $3.67, and during the day (based on 14 day Average True Range), to move between $3.62 and $3.76, which gives a possible trading interval of +/-$0.0729 (+/-1.98%) up or down from last closing price. If BWP Trust takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.76 (1.90%) than the support at $3.62 (1.90%), 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.

Is BWP Trust stock A Buy?

BWP Trust 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.

Current score: 0.518 Hold/Accumulate Unchanged

Predicted Opening Price for BWP Trust of Monday, May 27, 2024

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