BCE Inc Stock Forecast
Red day on Thursday for BCE Inc stock after losing 0.514%
(Updated on Apr 25, 2024)
The BCE Inc stock price fell by -0.514% on the last day (Thursday, 25th Apr 2024) from $33.06 to $32.89. During the last trading day the stock fluctuated 1.03% from a day low at $32.63 to a day high of $32.96. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume has increased on the last day by 112 thousand 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, 2 million shares were bought and sold for approximately $57.44 million.
The stock lies the upper part of a 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 $32.98 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 -20.66% during the next 3 months and, with a 90% probability hold a price between $24.49 and $26.17 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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BCE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 2.43%. 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. The BCE Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $33.71. On a fall, the stock will find some support from the short-term average at $32.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 BCE Inc stock
BCE Inc finds support from accumulated volume at $32.77 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 $0.335 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BCE Inc to open at $32.83, and during the day (based on 14 day Average True Range), to move between $32.33 and $33.45, which gives a possible trading interval of +/-$0.561 (+/-1.71%) up or down from last closing price. If BCE Inc takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.77 (0.36%) than the resistance at $33.17 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BCE Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for BCE Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.19% in the first trading day after earnings release.
Is BCE Inc stock A Buy?
BCE Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.369 Sell Candidate Unchanged
Predicted Opening Price for BCE Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $32.83 ( 0.198%) | $32.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.16 | 0.82 % | |
| R2 | 33.03 | 0.432 % | ||
| R1 | 32.95 | 0.191 % | ||
| Current price: | 32.89 | |||
| Support | S1 | 32.70 | -0.587 % | |
| S2 | 32.62 | -0.83 % | ||
| S3 | 32.49 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.26 | 4.17 % | |
| R2 | 34.04 | 3.50 % | ||
| R1 | 33.17 | 0.85 % | ||
| Current price | 32.89 | |||
| Support | S1 | 32.77 | -0.365% | |
| S2 | 32.40 | -1.49% | ||
| S3 | 32.11 | -2.37% |
BCE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 14, 2024 | Apr 15, 2024 | $0.741 | 2.29% |
| 2 | Nov 01, 2023 | Dec 14, 2023 | Jan 15, 2024 | $0.700 | 1.71% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Oct 16, 2023 | $0.730 | 1.89% |
| 4 | May 04, 2023 | Jun 14, 2023 | Jul 17, 2023 | $0.727 | 1.66% |
| 5 | Feb 02, 2023 | Mar 14, 2023 | Apr 15, 2023 | $0.705 | 1.48% |
FAQ
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