Barings BDC Inc. Stock Forecast
Stronger technical forecast for Barings BDC Inc. stock price after Monday trading.
(Updated on Apr 22, 2024)
The Barings BDC Inc. stock price gained 1.41% on the last trading day (Monday, 22nd Apr 2024), rising from $9.19 to $9.32. During the last trading day the stock fluctuated 1.41% from a day low at $9.22 to a day high of $9.35. The price has risen in 6 of the last 10 days and is up by 0.65% 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, 146 thousand more shares were traded than the day before. In total, 534 thousand shares were bought and sold for approximately $4.98 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between $9.39 and $10.35 at the end of this 3-month period.
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BBDC Signals & Forecast
Mostly positive signals in the chart today. The Barings BDC 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 $9.21 and $9.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 3.21%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Barings BDC Inc. stock
Barings BDC Inc. finds support from accumulated volume at $9.23 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 $0.130 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: $8.77 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (BBDC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Barings BDC Inc. to open at $9.30, and during the day (based on 14 day Average True Range), to move between $9.17 and $9.47, which gives a possible trading interval of +/-$0.150 (+/-1.61%) up or down from last closing price. If Barings BDC Inc. takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.40 (0.86%) than the support at $9.23 (0.97%), 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 Barings BDC Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Barings BDC Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.895 Buy Candidate Upgraded
Predicted Opening Price for Barings BDC Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $9.30 ( 0.250%) | $9.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBDC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.43 | 1.14 % | |
| R2 | 9.38 | 0.612 % | ||
| R1 | 9.35 | 0.282 % | ||
| Current price: | 9.32 | |||
| Support | S1 | 9.25 | -0.783 % | |
| S2 | 9.22 | -1.11 % | ||
| S3 | 9.17 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.63 | 3.33 % | |
| R2 | 9.45 | 1.39 % | ||
| R1 | 9.40 | 0.86 % | ||
| Current price | 9.32 | |||
| Support | S1 | 9.23 | -0.97% | |
| S2 | 9.18 | -1.50% | ||
| S3 | 9.03 | -3.11% |
BBDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 05, 2024 | Mar 13, 2024 | $0.260 | 2.77% |
| 2 | Nov 09, 2023 | Dec 05, 2023 | Dec 13, 2023 | $0.260 | 2.95% |
| 3 | Aug 09, 2023 | Sep 05, 2023 | Sep 13, 2023 | $0.260 | 2.92% |
| 4 | May 04, 2023 | Jun 06, 2023 | Jun 14, 2023 | $0.250 | 3.18% |
| 5 | Feb 23, 2023 | Mar 07, 2023 | Mar 15, 2023 | $0.250 | 3.24% |
FAQ
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