Becton Dickinson and Company Stock Forecast
Becton Dickinson and Company stock price up 0.405% on Thursday
(Updated on Apr 18, 2024)
The Becton Dickinson and Company stock price gained 0.405% on the last trading day (Thursday, 18th Apr 2024), rising from $232.21 to $233.15. During the last trading day the stock fluctuated 1.21% from a day low at $230.47 to a day high of $233.25. The price has fallen in 6 of the last 10 days and is down by -4.07% for this period. Volume fell on the last day by -500 thousand shares and in total, 836 thousand shares were bought and sold for approximately $195.01 million. 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $231.07 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Becton Dickinson and Company stock with a 90% probability to be traded between $232.73 and $249.64 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BDX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.93%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Becton Dickinson and Company 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 $235.41 and $239.36. 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).
Support, Risk & Stop-loss for Becton Dickinson and Company stock
Becton Dickinson and Company finds support from accumulated volume at $232.21 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 $2.78 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $220.22 (-5.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BDX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Becton Dickinson and Company to open at $232.29, and during the day (based on 14 day Average True Range), to move between $228.90 and $237.40, which gives a possible trading interval of +/-$4.25 (+/-1.82%) up or down from last closing price. If Becton Dickinson and Company takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $232.21 (0.40%) than the resistance at $235.89 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Becton Dickinson and Company stock A Buy?
Becton Dickinson and Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.018 Hold/Accumulate Unchanged
Predicted Opening Price for Becton Dickinson and Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $232.29 ( 0.369%) | $233.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 235.07 | 0.82 % | |
| R2 | 234.01 | 0.368 % | ||
| R1 | 233.35 | 0.0866 % | ||
| Current price: | 233.15 | |||
| Support | S1 | 231.23 | -0.82 % | |
| S2 | 230.57 | -1.11 % | ||
| S3 | 229.51 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 243.75 | 4.55 % | |
| R2 | 242.35 | 3.95 % | ||
| R1 | 235.89 | 1.18 % | ||
| Current price | 233.15 | |||
| Support | S1 | 232.21 | -0.403% | |
| S2 | 231.01 | -0.92% | ||
| S3 | 0 | . |
BDX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Mar 07, 2024 | Mar 29, 2024 | $0.95 | 0.384% |
| 2 | Dec 07, 2023 | Dec 07, 2023 | Dec 29, 2023 | $0.95 | 0.390% |
| 3 | Jul 25, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.91 | 0.352% |
| 4 | Apr 25, 2023 | Jun 08, 2023 | Jun 30, 2023 | $0.91 | 0.345% |
| 5 | Jan 24, 2023 | Mar 09, 2023 | Mar 31, 2023 | $0.91 | 0.368% |
FAQ
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