RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BBOX.L
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Black Box Corp stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 1.62% PDF

The Black Box Corp stock price fell by -0.255% on the last day (Wednesday, 27th Mar 2024) from £157.00 to £156.60. During the last trading day the stock fluctuated 1.67% from a day low at £155.40 to a day high of £158.00. The price has been going up and down for this period, and there has been a 4.68% gain for the last 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately £1.65 billion.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £156.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.18% during the next 3 months and, with a 90% probability hold a price between £124.12 and £139.18 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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BBOX.L Signals & Forecast

The Black Box Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £154.06 and £151.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 7.26%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Black Box Corp stock

Black Box Corp finds support from accumulated volume at £151.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.60 (1.67%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: £149.58 (-4.48%) (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 (BBOX.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Black Box Corp to open at £156.67, and during the day (based on 14 day Average True Range), to move between £153.15 and £160.05, which gives a possible trading interval of +/-£3.45 (+/-2.20%) up or down from last closing price. If Black Box Corp takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £157.70 (0.70%) than the support at £151.10 (3.51%), 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 Black Box Corp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.534 Buy Candidate Upgraded

Predicted Opening Price for Black Box Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£156.67 ( 0.0426%) £156.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BBOX.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 159.27 1.70 %
R2 158.27 1.07 %
R1 157.66 0.677 %
Current price: 156.60
Support S1 155.67 -0.592 %
S2 155.06 -0.98 %
S3 154.07 -1.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 168.50 7.60 %
R2 166.40 6.26 %
R1 157.70 0.702 %
Current price 156.60
Support S1 151.10 -3.51%
S2 148.20 -5.36%
S3 147.80 -5.62%

BBOX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 02, 2024 £2.05 1.31%
2 Nov 02, 2023 Nov 02, 2023 Nov 02, 2023 £0 0%
3 Aug 10, 2023 Aug 10, 2023 Aug 10, 2023 £1.75 1.23%
4 May 11, 2023 May 11, 2023 May 11, 2023 £1.75 1.19%
5 Mar 02, 2023 Mar 09, 2023 Mar 30, 2023 £1.98 1.42%

FAQ

What is the symbol for Black Box Corp Stock and on which exchange is it traded?
The symbol for Black Box Corp is BBOX.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Black Box Corp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

How to buy Black Box Corp Stock?
Black Box Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Black Box Corp Stock.

What's the current price of Black Box Corp Stock?
As of the end of day on the 2024-03-27, the price of an Black Box Corp (BBOX.L) share was £156.60.

What is the 52-week high and low for Black Box Corp Stock?
The 52-week high for Black Box Corp Stock is £183.20 and the 52-week low is £121.80.

What is the market capitalization of Black Box Corp Stock?
As of the 2024-03-27, the market capitalization of Black Box Corp is 2.981B.

When is the next earnings date for Black Box Corp?
The upcoming earnings date for Black Box Corp is Aug 01, 2024.
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About Black Box Corp

Black Box Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, moder... BBOX.L Profile

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