Boston Properties Inc Stock Forecast
Boston Properties Inc stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Boston Properties Inc stock price gained 1.42% on the last trading day (Tuesday, 2nd Jul 2024), rising from $60.69 to $61.55. During the last trading day the stock fluctuated 2.32% from a day low at $60.20 to a day high of $61.59. The price has risen in 6 of the last 10 days and is up by 0.16% 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, 394 thousand more shares were traded than the day before. In total, 972 thousand shares were bought and sold for approximately $59.81 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Boston Properties Inc stock with a 90% probability to be traded between $56.27 and $63.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BXP Signals & Forecast
The Boston Properties 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 $61.42 and $60.98. 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). 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 Monday, June 24, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Boston Properties Inc stock
Boston Properties Inc finds support from accumulated volume at $61.50 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 $1.40 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $59.27 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BXP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Boston Properties Inc to open at $61.11, and during the day (based on 14 day Average True Range), to move between $60.10 and $63.00, which gives a possible trading interval of +/-$1.45 (+/-2.35%) up or down from last closing price. If Boston Properties Inc takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.50 (0.08%) than the resistance at $61.64 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boston Properties Inc stock A Buy?
Boston Properties Inc 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: 0.284 Hold/Accumulate Upgraded
Predicted Opening Price for Boston Properties Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $61.11 ( 0.712%) | $61.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.51 | 1.55% |
| R2 | 61.97 | 0.689% |
| R1 | 61.64 | 0.154% |
| Price | 61.55 | |
| S1 | 60.58 | -1.58% |
| S2 | 60.25 | -2.11% |
| S3 | 59.72 | -2.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.68 | 5.09% |
| R2 | 62.93 | 2.24% |
| R1 | 61.64 | 0.146% |
| Price | 61.55 | |
| S1 | 61.50 | -0.0812% |
| S2 | 59.96 | -2.58% |
| S3 | 59.24 | -3.76% |
BXP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 31, 2024 | $0.98 | 1.59% |
| 2 | Mar 18, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.98 | 1.58% |
| 3 | Dec 18, 2023 | Dec 28, 2023 | Jan 30, 2024 | $0.98 | 1.40% |
| 4 | Sep 05, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.98 | 1.83% |
| 5 | Jun 20, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.98 | 1.47% |
FAQ
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