BGC Partners Inc Stock Forecast
BGC Partners Inc stock price down 0% on Monday
(Updated on Oct 01, 2018)
No changes to the price of BGC Partners Inc stock on the last trading day (Monday, 1st Oct 2018). During the last trading day the stock fluctuated 0% from a day low at $25.42 to a day high of $25.42. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BGC Partners Inc stock with a 90% probability to be traded between $24.69 and $25.06 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. 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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BGCA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, August 17, 2018, and so far it has risen 0.0787%. 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 BGC Partners Inc 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 $25.42 and $25.42. 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 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 BGC Partners Inc stock
BGC Partners Inc finds support from accumulated volume at $25.41 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 $0 between high and low, or 0%. For the last week the stock 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 (BGCA) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect BGC Partners Inc to open at $25.42, and during the day (based on 14 day Average True Range), to move between $25.41 and $25.43, which gives a possible trading interval of +/-$0.0137 (+/-0.05%) up or down from last closing price. If BGC Partners Inc takes out the full calculated possible swing range there will be an estimated 0.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.41 (0.04%) than the resistance at $25.45 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGC Partners Inc stock A Buy?
BGC Partners Inc holds several negative signals and is within a narrow 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: -1.790 Sell Candidate Unchanged
Predicted Opening Price for BGC Partners Inc of Tuesday, October 2, 2018
| Fair opening price October 2, 2018 | Current price |
|---|---|
| $25.42 ( 0%) | $25.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.42 | . | |
| R2 | 25.42 | . | ||
| R1 | 25.42 | . | ||
| Current price: | 25.42 | |||
| Support | S1 | 25.42 | . | |
| S2 | 25.42 | . | ||
| S3 | 25.42 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.49 | 0.275 % | |
| R2 | 25.46 | 0.157 % | ||
| R1 | 25.45 | 0.118 % | ||
| Current price | 25.42 | |||
| Support | S1 | 25.41 | -0.0393% | |
| S2 | 25.40 | -0.0787% | ||
| S3 | 0 | . |
FAQ
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