Boston Properties Inc Stock Forecast
Red day on Monday for Boston Properties Inc
(Updated on Apr 15, 2024)
The Boston Properties Inc stock price fell by -3.20% on the last day (Monday, 15th Apr 2024) from $60.61 to $58.67. During the last trading day the stock fluctuated 5.19% from a day low at $58.30 to a day high of $61.33. The price has fallen in 6 of the last 10 days and is down by -7.3% for this period. Volume has increased on the last day by 40 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $66.65 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $57.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.96% during the next 3 months and, with a 90% probability hold a price between $51.93 and $58.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
BXP Signals & Forecast
There are few to no technical positive signals at the moment. The Boston Properties Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $61.79 and $63.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Boston Properties Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $3.03 (5.19%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BXP) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Boston Properties Inc to open at $59.43, and during the day (based on 14 day Average True Range), to move between $56.43 and $60.91, which gives a possible trading interval of +/-$2.24 (+/-3.82%) up or down from last closing price. If Boston Properties Inc takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $62.60, some $3.93 (6.70%) from the current price of $58.67, our system finds the risk reward not very attractive.
Is Boston Properties Inc stock A Buy?
Boston Properties Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.454 Sell Candidate Unchanged
Predicted Opening Price for Boston Properties Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $59.43 ( 1.30%) | $58.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.46 | 6.45 % | |
| R2 | 61.30 | 4.48 % | ||
| R1 | 60.59 | 3.27 % | ||
| Current price: | 58.67 | |||
| Support | S1 | 58.28 | -0.671 % | |
| S2 | 57.56 | -1.89 % | ||
| S3 | 56.41 | -3.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.50 | 13.35 % | |
| R2 | 65.29 | 11.28 % | ||
| R1 | 62.60 | 6.70 % | ||
| Current price | 58.67 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BXP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.98 | 1.67% |
| 2 | Dec 18, 2023 | Dec 28, 2023 | Jan 30, 2024 | $0.98 | 1.40% |
| 3 | Sep 05, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.98 | 1.83% |
| 4 | Jun 20, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.98 | 1.47% |
| 5 | Mar 20, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.98 | 1.84% |
FAQ
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