Black Hills Corporation Forecast and Stock Analysis
Technical BKH stock analysis for April 24, 2019.
|Shorts||3.34% ( 2019-03-29 )|
Black Hills Corporation gained 1.14% in the last trading day, rising from $71.15 to $71.96 , and 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. The price has fallen in 6 of the last 10 days and is down by -0.87% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 539 more shares were traded than the day before. In total, 286 877 shares bought and sold for approximately $20.64 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the BKH stock was $71.96. This is 1.14% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.52% from a day low at $71.15 to a day high of $72.23.
30 day high of the BKH stock price was $74.77 and low was $70.45.
90 day high was $74.77 and low was $64.27.
52 week high for the Black Hills Corporation - $74.77 and low - $54.93.
Black Hills Corporation lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $71.01 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.73% during the next 3 months and, with 90% probability hold a price between $77.21 and $83.02 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains 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. Black Hills Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $72.65. On a fall, the stock will find some support from the short-term average at $71.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Black Hills Corporation finds support from accumulated volume at $70.37.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.08 (1.52%) between high and low. For the last week, the stock has had a daily average volatility of 1.20%.
Our recommended stoploss: $67.87 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Black Hills Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|BKH $71.96 ($0.81 1.14%)|
BKH is up $0.81 today, but where's it headed in 2019?
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