BXG Forecast and Technical Stock Analysis
Sell candidate since 2019-11-15 PDF
Bluegreen Vacations Corporation fell by -1.55% in the last day ( Friday, 15th Nov 2019 ) from $9.65 to $9.50 and has now fallen 6 days in a row. During the day the stock fluctuated 3.39% from a day low at $9.45 to a day high of $9.77. The price has fallen in 7 of the last 10 days and is down by -2.96% for this period. Volume has increased in the last day by 22 039 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 51 012 shares bought and sold for approximately $484 614.00.
- 30 day high of the BXG stock price was $10.68 and low was $9.14.
- 90 day high was $10.68 and low was $8.93.
- 52 week high for Bluegreen Vacations Corporation - $16.51 and low - $7.60.
Bluegreen Vacations Corporation 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 2.14% during the next 3 months and, with 90% probability hold a price between $9.43 and $10.74 at the end of this period.
There are few to none technical positive signals at the moment. Bluegreen Vacations Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $10.07 and $9.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday November 08, 2019, which indicates further falls until a new bottom pivot has been found. Bluegreen Vacations Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 47 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Bluegreen Vacations Corporation finds support from accumulated volume at $9.47.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.32 (3.39%) between high and low. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.38 %Average volatility
Very Low Low Medium High Very High
The Bluegreen Vacations Corporation stock holds several negative signals and despite the positive trend we believe Bluegreen Vacations Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
|BXG $9.50 ($-0.15 -1.55%)|
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Golden Star Signal
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