B/E Aerospace Fund Forecast
Weaker technical forecast for B/E Aerospace as fund downgraded to Sell Candidate.
(Updated on Apr 24, 2017)
No changes to the price of B/E Aerospace fund on the last trading day (Monday, 24th Apr 2017). During the last trading day the fund fluctuated 0% from a day low at $64.47 to a day high of $64.47. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks.
The fund has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $64.69. A reaction back to this level may hold a second chance to get out before further falls.
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BEAV Signals & Forecast
The B/E Aerospace fund 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 $64.47 and $64.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 24, 2017, and so far it has risen 0.83%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for B/E Aerospace fund
B/E Aerospace finds support from accumulated volume at $63.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEAV) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect B/E Aerospace to open at $64.47, and during the day (based on 14 day Average True Range), to move between $64.20 and $64.74, which gives a possible trading interval of +/-$0.274 (+/-0.42%) up or down from last closing price. If B/E Aerospace takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.50 (0.05%) than the support at $63.93 (0.84%), 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 B/E Aerospace fund A Buy?
B/E Aerospace 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 fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Sell candidate.
Current score: -1.650 Sell Candidate Downgraded
Predicted Opening Price for B/E Aerospace of Tuesday, April 25, 2017
Fair opening price April 25, 2017 | Current price |
---|---|
$64.47 ( 0%) | $64.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEAV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.47 | . | |
R2 | 64.47 | . | ||
R1 | 64.47 | . | ||
Current price: | 64.47 | |||
Support | S1 | 64.47 | . | |
S2 | 64.47 | . | ||
S3 | 64.47 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.67 | 0.310 % | |
R2 | 64.55 | 0.124 % | ||
R1 | 64.50 | 0.0465 % | ||
Current price | 64.47 | |||
Support | S1 | 63.93 | -0.84% | |
S2 | 63.89 | -0.90% | ||
S3 | 61.97 | -3.88% |
FAQ
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