Babcock & Wilcox Enterprises, I Stock Forecast

Babcock & Wilcox Enterprises, I stock upgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)

BWSN Signals & Forecast

The Babcock & Wilcox Enterprises, I 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 $17.25 and $17.16. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Babcock & Wilcox Enterprises, I has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, April 11, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Babcock & Wilcox Enterprises, I stock

Babcock & Wilcox Enterprises, I finds support from accumulated volume at $16.80 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 $0.550 (3.21%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.

Our recommended stop-loss: $16.78 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (BWSN) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Babcock & Wilcox Enterprises, I to open at $17.43, and during the day (based on 14 day Average True Range), to move between $16.82 and $18.12, which gives a possible trading interval of +/-$0.653 (+/-3.74%) up or down from last closing price. If Babcock & Wilcox Enterprises, I takes out the full calculated possible swing range there will be an estimated 7.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.80 (3.84%) than the resistance at $19.40 (11.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Babcock & Wilcox Enterprises, I stock A Buy?

Babcock & Wilcox Enterprises, I 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.248 Hold/Accumulate Upgraded

Predicted Opening Price for Babcock & Wilcox Enterprises, I of Thursday, April 25, 2024

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