BWX Technologies Inc Stock Forecast
BWX Technologies Inc stock price ended at $101.93 on Wednesday, after gaining 1.67%.
(Updated on Mar 27, 2024)
The BWX Technologies Inc stock price gained 1.67% on the last trading day (Wednesday, 27th Mar 2024), rising from $100.26 to $101.93. During the last trading day the stock fluctuated 1.31% from a day low at $100.81 to a day high of $102.13. The price has risen in 6 of the last 10 days and is up by 0.68% 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, 102 thousand more shares were traded than the day before. In total, 631 thousand shares were bought and sold for approximately $64.28 million.
The stock lies in the lower part of a 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 $100.09 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 39.64% during the next 3 months and, with a 90% probability hold a price between $139.76 and $158.52 at the end of this 3-month period.
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BWXT Signals & Forecast
The BWX Technologies Inc 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 $101.38 and $95.98. 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 Wednesday, March 06, 2024, and so far it has fallen -3.48%. 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 BWX Technologies Inc stock
BWX Technologies Inc finds support from accumulated volume at $101.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.32 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $97.23 (-4.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (BWXT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect BWX Technologies Inc to open at $101.62, and during the day (based on 14 day Average True Range), to move between $100.03 and $103.83, which gives a possible trading interval of +/-$1.90 (+/-1.86%) up or down from last closing price. If BWX Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $102.38 (0.44%) than the support at $101.24 (0.68%), 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 BWX Technologies Inc 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 BWX Technologies Inc stock to perform well in the short-term.
Current score: 4.213 Buy Candidate Unchanged
Predicted Opening Price for BWX Technologies Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$101.62 ( 0.301%) | $101.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWXT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 102.94 | 0.99 % | |
R2 | 102.44 | 0.499 % | ||
R1 | 102.13 | 0.194 % | ||
Current price: | 101.93 | |||
Support | S1 | 101.12 | -0.796 % | |
S2 | 100.81 | -1.10 % | ||
S3 | 100.30 | -1.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 105.55 | 3.55 % | |
R2 | 103.19 | 1.24 % | ||
R1 | 102.38 | 0.441 % | ||
Current price | 101.93 | |||
Support | S1 | 101.24 | -0.677% | |
S2 | 100.77 | -1.14% | ||
S3 | 89.89 | -11.81% |
BWXT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.240 | 0.235% |
2 | Oct 30, 2023 | Nov 20, 2023 | Dec 12, 2023 | $0.230 | 0.287% |
3 | Aug 02, 2023 | Aug 16, 2023 | Sep 07, 2023 | $0.230 | 0.315% |
4 | May 02, 2023 | May 18, 2023 | Jun 08, 2023 | $0.230 | 0.356% |
5 | Feb 23, 2023 | Mar 09, 2023 | Mar 28, 2023 | $0.230 | 0.369% |
FAQ
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