Brighthouse Financial Inc 6.25 % ETF Forecast
Brighthouse Financial Inc 6.25 % ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Brighthouse Financial Inc 6.25 % ETF price fell by -0.272% on the last day (Wednesday, 24th Apr 2024) from $22.96 to $22.90. During the last trading day the ETF fluctuated 1.47% from a day low at $22.57 to a day high of $22.90. The price has risen in 6 of the last 10 days but is still down by -0.88% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -19 thousand shares and in total, 25 thousand shares were bought and sold for approximately $563.81 thousand.
The ETF 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 Brighthouse Financial Inc 6.25 % ETF with a 90% probability to be traded between $22.34 and $23.38 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BHFAL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.05%. 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 Brighthouse Financial Inc 6.25 % ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $23.07. On a fall, the ETF will find some support from the short-term average at $22.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 5.66% to $24.19 within 28 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Brighthouse Financial Inc 6.25 % ETF
Brighthouse Financial Inc 6.25 % finds support from accumulated volume at $22.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF 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 ETF During the last day, the ETF moved $0.333 between high and low, or 1.47%. For the last week the ETF has had daily average volatility of 1.65%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHFAL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global to open at $22.79, and during the day (based on 14 day Average True Range), to move between $22.44 and $23.35, which gives a possible trading interval of +/-$0.455 (+/-1.99%) up or down from last closing price. If Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.96 (0.27%) than the support at $22.81 (0.38%), 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 Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global ETF A Buy?
Brighthouse Financial Inc 6.25 % 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.665 Sell Candidate Downgraded
Predicted Opening Price for Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $22.79 ( 0.484%) | $22.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHFAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.12 | 0.97 % | |
| R2 | 22.99 | 0.413 % | ||
| R1 | 22.91 | 0.0707 % | ||
| Current price: | 22.90 | |||
| Support | S1 | 22.66 | -1.04 % | |
| S2 | 22.58 | -1.38 % | ||
| S3 | 22.45 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.10 | 0.88 % | |
| R2 | 23.06 | 0.710 % | ||
| R1 | 22.96 | 0.273 % | ||
| Current price | 22.90 | |||
| Support | S1 | 22.81 | -0.382% | |
| S2 | 22.79 | -0.469% | ||
| S3 | 22.78 | -0.513% |
BHFAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.70% |
| 2 | Nov 23, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.80% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.66% |
| 4 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.70% |
| 5 | May 27, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.391 | 1.73% |
FAQ
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