Beazer Homes USA Inc Stock Forecast
Red day on Tuesday for Beazer Homes USA Inc stock after losing 1.30%
(Updated on Apr 30, 2024)
The Beazer Homes USA Inc stock price fell by -1.30% on the last day (Tuesday, 30th Apr 2024) from $28.40 to $28.03. During the last trading day the stock fluctuated 2.04% from a day low at $27.99 to a day high of $28.57. The price has been going up and down for this period, and there has been a 6.13% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -67 thousand shares and in total, 218 thousand shares were bought and sold for approximately $6.10 million.
The stock lies in the middle of a very 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 -6.47% during the next 3 months and, with a 90% probability hold a price between $23.85 and $29.94 at the end of this 3-month period.
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BZH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.69%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beazer Homes USA Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $29.58. On a fall, the stock will find some support from the short-term average at $27.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Beazer Homes USA Inc stock
Beazer Homes USA Inc finds support from accumulated volume at $27.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.571 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: $26.88 (-4.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BZH) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Beazer Homes USA Inc to open at $28.20, and during the day (based on 14 day Average True Range), to move between $26.99 and $29.07, which gives a possible trading interval of +/-$1.04 (+/-3.70%) up or down from last closing price. If Beazer Homes USA Inc takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.21 (2.93%) than the resistance at $29.11 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Beazer Homes USA Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.91. We will update the financials statements for Beazer Homes USA Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.39% in the first trading day after earnings release.
Is Beazer Homes USA Inc stock A Buy?
Beazer Homes USA 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.
Current score: -0.517 Hold/Accumulate Unchanged
Predicted Opening Price for Beazer Homes USA Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $28.20 ( 0.594%) | $28.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BZH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.77 | 2.63 % | |
| R2 | 28.55 | 1.85 % | ||
| R1 | 28.41 | 1.37 % | ||
| Current price: | 28.03 | |||
| Support | S1 | 27.98 | -0.184 % | |
| S2 | 27.84 | -0.664 % | ||
| S3 | 27.63 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.81 | 6.35 % | |
| R2 | 29.44 | 5.03 % | ||
| R1 | 29.11 | 3.85 % | ||
| Current price | 28.03 | |||
| Support | S1 | 27.21 | -2.93% | |
| S2 | 26.41 | -5.78% | ||
| S3 | 26.06 | -7.03% |
BZH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2007 | Sep 06, 2007 | Sep 21, 2007 | $0.500 | 0.99% |
| 2 | May 03, 2007 | Jun 07, 2007 | Jun 22, 2007 | $0.500 | 0.340% |
| 3 | Feb 07, 2007 | Mar 07, 2007 | Mar 22, 2007 | $0.500 | 0.302% |
| 4 | Nov 03, 2006 | Dec 07, 2006 | Dec 22, 2006 | $0.500 | 0.219% |
| 5 | Aug 10, 2006 | Sep 07, 2006 | Sep 22, 2006 | $0.500 | 0.254% |
FAQ
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