Biglari Holdings Inc Stock Forecast
Biglari Holdings Inc stock downgraded to Buy Candidate
(Updated on Apr 24, 2024)
The Biglari Holdings Inc stock price fell by -0.88% on the last day (Wednesday, 24th Apr 2024) from $201.96 to $200.19. During the last trading day the stock fluctuated 1.58% from a day low at $198.50 to a day high of $201.64. The price has risen in 7 of the last 10 days and is up by 4.25% over the past 2 weeks. 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 -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $452.63 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.51% during the next 3 months and, with a 90% probability hold a price between $259.40 and $301.32 at the end of this 3-month period.
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BH Signals & Forecast
The Biglari Holdings Inc stock 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 $198.10 and $194.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.23%. 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.
Support, Risk & Stop-loss for Biglari Holdings Inc stock
Biglari Holdings Inc finds support from accumulated volume at $198.41 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 controlled movements and therefore the general risk is considered 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 $3.14 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: $192.35 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Biglari Holdings Inc to open at $200.11, and during the day (based on 14 day Average True Range), to move between $194.00 and $206.38, which gives a possible trading interval of +/-$6.19 (+/-3.09%) up or down from last closing price. If Biglari Holdings Inc takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $201.02 (0.41%) than the support at $198.41 (0.89%), 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 Biglari Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Biglari Holdings Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.570 Buy Candidate Downgraded
Predicted Opening Price for Biglari Holdings Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $200.11 ( 0.0400%) | $200.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.25 | 1.53 % | |
| R2 | 202.05 | 0.93 % | ||
| R1 | 201.31 | 0.559 % | ||
| Current price: | 200.19 | |||
| Support | S1 | 198.91 | -0.639 % | |
| S2 | 198.17 | -1.01 % | ||
| S3 | 196.97 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.69 | 1.25 % | |
| R2 | 201.24 | 0.525 % | ||
| R1 | 201.02 | 0.415 % | ||
| Current price | 200.19 | |||
| Support | S1 | 198.41 | -0.89% | |
| S2 | 197.97 | -1.11% | ||
| S3 | 171.00 | -14.58% |
BH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 1996 | Jun 14, 1996 | Jun 14, 1996 | $0.270 | 0% |
| 2 | Nov 28, 1990 | Nov 28, 1990 | Nov 28, 1990 | $17.65 | 0% |
| 3 | Sep 17, 1990 | Sep 17, 1990 | Sep 17, 1990 | $0.208 | 0% |
| 4 | Jun 04, 1990 | Jun 04, 1990 | Jun 04, 1990 | $0.208 | 0% |
| 5 | Feb 26, 1990 | Feb 26, 1990 | Feb 26, 1990 | $0.208 | 0% |
FAQ
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