Bekaert SA Stock Forecast
Bekaert SA stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Bekaert SA stock price fell by -2.70% on the last day (Thursday, 25th Apr 2024) from 47.38€ to 46.10€. During the last trading day the stock fluctuated 3.40% from a day low at 45.84€ to a day high of 47.40€. The price has fallen in 7 of the last 10 days and is down by -3.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 21 thousand shares were bought and sold for approximately 975.75€ thousand.
The stock has broken the 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 46.34€. A reaction back to this level may hold a second chance to get out before further falls.
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BEKB.BB Signals & Forecast
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 Bekaert SA 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 46.69€ and 47.30€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -4.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, March 01, 2024 with a target of 46.77€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Bekaert SA stock
Bekaert SA finds support from accumulated volume at 45.76€ 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 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 stock During the last day, the stock moved 1.56€ between high and low, or 3.40%. For the last week the stock has had daily average volatility of 1.88%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEKB.BB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bekaert SA to open at 46.45€, and during the day (based on 14 day Average True Range), to move between 45.19€ and 47.01€, which gives a possible trading interval of +/-0.91€ (+/-1.98%) up or down from last closing price. If Bekaert SA takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.76€ (0.74%) than the resistance at 46.70€ (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bekaert SA stock A Buy?
The Bekaert SA stock holds several negative signals and despite the positive trend, we believe Bekaert SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.552 Sell Candidate Downgraded
Predicted Opening Price for Bekaert SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 46.45€ ( 0.752%) | 46.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEKB.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.01 | 4.14 % | |
| R2 | 47.41 | 2.84 % | ||
| R1 | 47.04 | 2.04 % | ||
| Current price: | 46.10 | |||
| Support | S1 | 45.85 | -0.541 % | |
| S2 | 45.48 | -1.34 % | ||
| S3 | 44.89 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.02 | 4.16 % | |
| R2 | 47.80 | 3.69 % | ||
| R1 | 46.70 | 1.30 % | ||
| Current price | 46.10 | |||
| Support | S1 | 45.76 | -0.738% | |
| S2 | 45.70 | -0.87% | ||
| S3 | 45.26 | -1.82% |
BEKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 14, 2024 | 1.26€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 1.65€ | 0% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 1.50€ | 0% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | 1.00€ | 0% |
| 5 | Nov 18, 2020 | Nov 18, 2020 | Nov 18, 2020 | 0.350€ | 0% |
FAQ
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