BJ Stock Forecast
BJ stock price ended at $36.18 on Thursday, after gaining 1.23%.
(Updated on Mar 28, 2024)
The BJ stock price gained 1.23% on the last trading day (Thursday, 28th Mar 2024), rising from $35.74 to $36.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.67% from a day low at $35.97 to a day high of $36.93. The price has risen in 7 of the last 10 days and is up by 3.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 139 thousand more shares were traded than the day before. In total, 499 thousand shares were bought and sold for approximately $18.05 million.
The stock lies in the middle of a wide and 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 7.40% during the next 3 months and, with a 90% probability hold a price between $35.08 and $41.71 at the end of this 3-month period.
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BJRI Signals & Forecast
The BJ stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.81 and $35.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 9.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BJ stock
BJ finds support from accumulated volume at $34.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.96 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: $34.70 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BJRI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BJ to open at $36.36, and during the day (based on 14 day Average True Range), to move between $34.77 and $37.59, which gives a possible trading interval of +/-$1.41 (+/-3.91%) up or down from last closing price. If BJ takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.46 (0.77%) than the support at $34.66 (4.20%), 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 BJ 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 BJ stock to perform well in the short-term.
Current score: 1.411 Buy Candidate Unchanged
Predicted Opening Price for BJ of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$36.36 ( 0.498%) | $36.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BJRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.32 | 3.15 % | |
R2 | 36.95 | 2.14 % | ||
R1 | 36.73 | 1.51 % | ||
Current price: | 36.18 | |||
Support | S1 | 35.99 | -0.516 % | |
S2 | 35.77 | -1.14 % | ||
S3 | 35.40 | -2.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.13 | 5.39 % | |
R2 | 36.48 | 0.83 % | ||
R1 | 36.46 | 0.774 % | ||
Current price | 36.18 | |||
Support | S1 | 34.66 | -4.20% | |
S2 | 33.97 | -6.11% | ||
S3 | 32.51 | -10.14% |
BJRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2020 | Mar 09, 2020 | Mar 24, 2020 | $0.130 | 1.00% |
2 | Oct 21, 2019 | Nov 07, 2019 | Nov 25, 2019 | $0.130 | 0.314% |
3 | Jul 25, 2019 | Aug 09, 2019 | Aug 26, 2019 | $0.120 | 0.328% |
4 | Apr 25, 2019 | May 10, 2019 | May 27, 2019 | $0.120 | 0.269% |
5 | Feb 21, 2019 | Mar 11, 2019 | Mar 26, 2019 | $0.120 | 0.265% |
FAQ
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