Bristow Group Inc Stock Forecast
Green day on Friday for Bristow Group Inc stock after gaining 3.68%
(Updated on Apr 26, 2024)
The Bristow Group Inc stock price gained 3.68% on the last trading day (Friday, 26th Apr 2024), rising from $26.12 to $27.08. During the last trading day the stock fluctuated 4.62% from a day low at $25.89 to a day high of $27.08. The price has been going up and down for this period, and there has been a 5.86% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $2.61 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $26.96, a level that may pose a second chance to hit a runner. According to fan-theory $29.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VTOL Signals & Forecast
The Bristow Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.84 and $26.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.28%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bristow Group Inc stock
Bristow Group Inc finds support from accumulated volume at $26.38 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.20 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $26.02 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (VTOL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Bristow Group Inc to open at $26.68, and during the day (based on 14 day Average True Range), to move between $26.33 and $27.83, which gives a possible trading interval of +/-$0.747 (+/-2.76%) up or down from last closing price. If Bristow Group Inc takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.15 (0.26%) than the support at $26.38 (2.58%), 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 Bristow Group Inc stock A Buy?
Bristow Group 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: 0.038 Hold/Accumulate Unchanged
Predicted Opening Price for Bristow Group Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $26.68 ( 1.47%) | $27.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTOL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.88 | 2.94 % | |
| R2 | 27.42 | 1.26 % | ||
| R1 | 27.14 | 0.215 % | ||
| Current price: | 27.08 | |||
| Support | S1 | 26.23 | -3.16 % | |
| S2 | 25.94 | -4.20 % | ||
| S3 | 25.49 | -5.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.41 | 1.22 % | |
| R2 | 27.26 | 0.665 % | ||
| R1 | 27.15 | 0.258 % | ||
| Current price | 27.08 | |||
| Support | S1 | 26.38 | -2.58% | |
| S2 | 26.04 | -3.84% | ||
| S3 | 26.02 | -3.91% |
FAQ
Click here for our free guide on how to buy Bristow Group Inc Stock.
