BMTC Group Inc. Class A Stock Forecast
BMTC Group Inc. Class A stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
No changes to the price of BMTC Group Inc. Class A stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $13.03 to a day high of $13.03. The price has been going up and down for this period, and there has been a -8.05% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.51% during the next 3 months and, with a 90% probability hold a price between $12.56 and $14.05 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBT.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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 BMTC Group Inc. Class A 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 $13.17 and $13.93. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BMTC Group Inc. Class A stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.409%
Our recommended stop-loss: $12.21 (-6.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (GBT.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BMTC Group Inc. Class A to open at $13.03, and during the day (based on 14 day Average True Range), to move between $12.89 and $13.17, which gives a possible trading interval of +/-$0.141 (+/-1.08%) up or down from last closing price. If BMTC Group Inc. Class A takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.80, some $0.770 (5.91%) from the current price of $13.03, our system finds the risk reward not very attractive.
Is BMTC Group Inc. Class A stock A Buy?
BMTC Group Inc. Class A holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BMTC Group Inc. Class A of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$13.03 ( 0%) | $13.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBT.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.03 | . | |
R2 | 13.03 | . | ||
R1 | 13.03 | . | ||
Current price: | 13.03 | |||
Support | S1 | 13.03 | . | |
S2 | 13.03 | . | ||
S3 | 13.03 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.37 | 10.28 % | |
R2 | 14.10 | 8.21 % | ||
R1 | 13.80 | 5.91 % | ||
Current price | 13.03 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
GBT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 11, 2023 | Dec 19, 2023 | Jan 03, 2024 | $0.180 | 1.46% |
2 | Jun 08, 2023 | Jun 22, 2023 | Jul 03, 2023 | $0.180 | 1.13% |
3 | Dec 14, 2022 | Dec 21, 2022 | Jan 05, 2023 | $0.180 | 1.28% |
4 | Jun 22, 2022 | Jun 22, 2022 | Jul 05, 2022 | $0.180 | 1.21% |
5 | Dec 20, 2021 | Dec 20, 2021 | Jan 05, 2022 | $0.180 | 1.13% |
FAQ
Click here for our free guide on how to buy BMTC Group Inc. Class A Stock.