Boyd Gaming Corporation Stock Forecast
Boyd Gaming Corporation stock price down 0.429% on Friday
(Updated on Apr 19, 2024)
The Boyd Gaming Corporation stock price fell by -0.429% on the last day (Friday, 19th Apr 2024) from $62.93 to $62.66. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.36% from a day low at $62.51 to a day high of $63.36. The price has fallen in 6 of the last 10 days and is down by -5.25% for this period. Volume has increased on the last day by 122 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, 838 thousand shares were bought and sold for approximately $52.49 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $61.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Boyd Gaming Corporation stock with a 90% probability to be traded between $62.68 and $68.60 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BYD Signals & Forecast
There are few to no technical positive signals at the moment. The Boyd Gaming Corporation 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 $64.05 and $64.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -7.40%. 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 Boyd Gaming Corporation stock
Boyd Gaming Corporation finds support from accumulated volume at $62.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.85 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Boyd Gaming Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BYD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Boyd Gaming Corporation to open at $62.84, and during the day (based on 14 day Average True Range), to move between $61.43 and $63.89, which gives a possible trading interval of +/-$1.23 (+/-1.97%) up or down from last closing price. If Boyd Gaming Corporation takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.26 (0.64%) than the resistance at $63.49 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Boyd Gaming Corporation will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.57. We will update the financials statements for Boyd Gaming Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.
Is Boyd Gaming Corporation stock A Buy?
Boyd Gaming Corporation holds several negative signals and is within a 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: -2.217 Sell Candidate Unchanged
Predicted Opening Price for Boyd Gaming Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $62.84 ( 0.293%) | $62.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BYD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.69 | 1.65 % | |
| R2 | 63.37 | 1.13 % | ||
| R1 | 63.17 | 0.81 % | ||
| Current price: | 62.66 | |||
| Support | S1 | 62.52 | -0.224 % | |
| S2 | 62.32 | -0.544 % | ||
| S3 | 61.99 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.75 | 6.53 % | |
| R2 | 66.13 | 5.54 % | ||
| R1 | 63.49 | 1.32 % | ||
| Current price | 62.66 | |||
| Support | S1 | 62.26 | -0.638% | |
| S2 | 61.83 | -1.32% | ||
| S3 | 61.70 | -1.53% |
BYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.150 | 0.239% |
| 2 | Feb 29, 2024 | Mar 14, 2024 | Apr 15, 2024 | $0.170 | 0.263% |
| 3 | Dec 07, 2023 | Dec 21, 2023 | Jan 15, 2024 | $0.160 | 0.257% |
| 4 | Aug 16, 2023 | Sep 14, 2023 | Oct 15, 2023 | $0.160 | 0.271% |
| 5 | May 05, 2023 | Jun 14, 2023 | Jul 15, 2023 | $0.160 | 0.223% |
FAQ
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