Benchmark Electronics Inc Stock Forecast
Red day on Thursday for Benchmark Electronics Inc stock after losing 0.95%
(Updated on Apr 25, 2024)
The Benchmark Electronics Inc stock price fell by -0.95% on the last day (Thursday, 25th Apr 2024) from $30.59 to $30.30. During the last trading day the stock fluctuated 1.36% from a day low at $30.04 to a day high of $30.45. The price has risen in 5 of the last 10 days and is up by 2.71% 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 -27 thousand shares and in total, 174 thousand shares were bought and sold for approximately $5.26 million.
The stock lies in the middle of a weak 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 2.83% during the next 3 months and, with a 90% probability hold a price between $29.77 and $32.68 at the end of this 3-month period.
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BHE Signals & Forecast
The Benchmark Electronics 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 $30.15 and $29.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 5.94%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Benchmark Electronics Inc stock
Benchmark Electronics Inc finds support from accumulated volume at $29.73 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.410 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $28.69 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (BHE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Benchmark Electronics Inc to open at $30.26, and during the day (based on 14 day Average True Range), to move between $29.65 and $30.95, which gives a possible trading interval of +/-$0.653 (+/-2.15%) up or down from last closing price. If Benchmark Electronics Inc takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.33 (0.10%) than the support at $29.73 (1.88%), 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.
Earnings coming up
Benchmark Electronics Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.450. We will update the financials statements for Benchmark Electronics Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.95% in the first trading day after earnings release.
Is Benchmark Electronics 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 Benchmark Electronics Inc stock to perform well in the short-term.
Current score: 4.389 Buy Candidate Unchanged
Predicted Opening Price for Benchmark Electronics Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $30.26 ( 0.121%) | $30.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.67 | 1.23 % | |
| R2 | 30.52 | 0.715 % | ||
| R1 | 30.42 | 0.396 % | ||
| Current price: | 30.30 | |||
| Support | S1 | 30.11 | -0.638 % | |
| S2 | 30.01 | -0.96 % | ||
| S3 | 29.85 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.55 | 0.83 % | |
| R2 | 30.46 | 0.528 % | ||
| R1 | 30.33 | 0.0990 % | ||
| Current price | 30.30 | |||
| Support | S1 | 29.73 | -1.88% | |
| S2 | 29.60 | -2.31% | ||
| S3 | 29.50 | -2.64% |
BHE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.165 | 0.559% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.165 | 0.617% |
| 3 | Sep 11, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.170 | 0.716% |
| 4 | Jun 12, 2023 | Jun 29, 2023 | Jul 13, 2023 | $0.165 | 0.615% |
| 5 | Mar 13, 2023 | Mar 30, 2023 | Apr 13, 2023 | $0.165 | 0.719% |
FAQ
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