Brookfield Business Partners LP Stock Forecast
Green day on Friday for Brookfield Business Partners LP stock after gaining 0.188%
(Updated on Apr 19, 2024)
The Brookfield Business Partners LP stock price gained 0.188% on the last trading day (Friday, 19th Apr 2024), rising from $26.65 to $26.70. During the last trading day the stock fluctuated 2.40% from a day low at $26.62 to a day high of $27.26. The price has been going up and down for this period, and there has been a -4.47% loss for the last 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 3 thousand shares were bought and sold for approximately $81.44 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $26.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.80% during the next 3 months and, with a 90% probability hold a price between $24.28 and $27.32 at the end of this 3-month period.
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BBU-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.10%. 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 Brookfield Business Partners LP 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 $26.89 and $28.46. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Brookfield Business Partners LP stock
Brookfield Business Partners LP finds support from accumulated volume at $26.65 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.640 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBU-UN.TO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Brookfield Business Partners LP to open at $26.86, and during the day (based on 14 day Average True Range), to move between $25.82 and $27.58, which gives a possible trading interval of +/-$0.88 (+/-3.29%) up or down from last closing price. If Brookfield Business Partners LP takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.65 (0.19%) than the resistance at $27.95 (4.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brookfield Business Partners LP stock A Buy?
Brookfield Business Partners LP holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.163 Sell Candidate Unchanged
Predicted Opening Price for Brookfield Business Partners LP of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $26.86 ( 0.599%) | $26.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBU-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.50 | 3.00 % | |
| R2 | 27.26 | 2.08 % | ||
| R1 | 27.10 | 1.51 % | ||
| Current price: | 26.70 | |||
| Support | S1 | 26.62 | -0.316 % | |
| S2 | 26.46 | -0.88 % | ||
| S3 | 26.22 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.85 | 15.54 % | |
| R2 | 28.43 | 6.48 % | ||
| R1 | 27.95 | 4.68 % | ||
| Current price | 26.70 | |||
| Support | S1 | 26.65 | -0.187% | |
| S2 | 26.41 | -1.09% | ||
| S3 | 0 | . |
BBU-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 28, 2024 | $0.0625 | 0.208% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0 | 0% |
| 3 | May 30, 2023 | May 30, 2023 | Jun 30, 2023 | $0.0625 | 0.274% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.0850 | 0.341% |
| 5 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | $0.0525 | 0.149% |
FAQ
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