Boyd Group Services Inc. Stock Forecast
Weaker technical forecast for Boyd Group Services Inc. as stock downgraded to Sell Candidate.
(Updated on May 14, 2024)
The Boyd Group Services Inc. stock price gained 0.726% on the last trading day (Tuesday, 14th May 2024), rising from $187.38 to $188.74. During the last trading day the stock fluctuated 3.20% from a day low at $184.31 to a day high of $190.21. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 235 shares were bought and sold for approximately $44.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.40% during the next 3 months and, with a 90% probability hold a price between $137.75 and $156.27 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BYDGF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 2.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boyd Group Services Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $190.26 and $198.55. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Boyd Group Services Inc. stock
Boyd Group Services Inc. finds support from accumulated volume at $187.38 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 $5.90 between high and low, or 3.20%. For the last week the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BYDGF) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Boyd Group Services Inc. to open at $187.75, and during the day (based on 14 day Average True Range), to move between $182.71 and $194.77, which gives a possible trading interval of +/-$6.03 (+/-3.20%) up or down from last closing price. If Boyd Group Services Inc. takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $187.38 (0.72%) than the resistance at $193.22 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boyd Group Services Inc. stock A Buy?
Boyd Group Services Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.996 Sell Candidate Downgraded
Predicted Opening Price for Boyd Group Services Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $187.75 ( 0.523%) | $188.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BYDGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.65 | 2.60 % | |
| R2 | 191.40 | 1.41 % | ||
| R1 | 190.01 | 0.671 % | ||
| Current price: | 188.74 | |||
| Support | S1 | 185.50 | -1.72 % | |
| S2 | 184.11 | -2.45 % | ||
| S3 | 181.85 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 233.17 | 23.54 % | |
| R2 | 203.22 | 7.67 % | ||
| R1 | 193.22 | 2.37 % | ||
| Current price | 188.74 | |||
| Support | S1 | 187.38 | -0.721% | |
| S2 | 186.50 | -1.19% | ||
| S3 | 185.00 | -1.98% |
BYDGF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.111 | 0.0590% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.110 | 0.0645% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 27, 2023 | $0.147 | 0.0810% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Apr 26, 2023 | $0.147 | 0.0934% |
FAQ
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