RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BLBD
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Blue Bird Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Dec 01, 2023 Gain 93.11% PDF

The Blue Bird Corporation stock price gained 3.27% on the last trading day (Wednesday, 27th Mar 2024), rising from $36.65 to $37.85. During the last trading day the stock fluctuated 2.94% from a day low at $36.77 to a day high of $37.85. The price has risen in 7 of the last 10 days and is up by 14.68% 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, 31 thousand more shares were traded than the day before. In total, 318 thousand shares were bought and sold for approximately $12.05 million.

The stock lies in the middle of a wide and strong 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 41.38% during the next 3 months and, with a 90% probability hold a price between $47.08 and $55.35 at the end of this 3-month period.

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BLBD Signals & Forecast

Mostly positive signals in the chart today. The Blue Bird Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.01 and $33.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 19.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Blue Bird Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $32.31 and $31.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Blue Bird Corporation finds support just below today's level at $32.31. If this is broken, then the next support from accumulated volume will be at $31.19 and $30.33.

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 $1.08 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: $36.55 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (BLBD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Blue Bird Corporation to open at $37.49, and during the day (based on 14 day Average True Range), to move between $36.54 and $39.16, which gives a possible trading interval of +/-$1.31 (+/-3.47%) up or down from last closing price. If Blue Bird Corporation takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.31, some $5.54 (14.64%) from the current price of $37.85, our system finds the risk reward attractive.

Is Blue Bird Corporation stock A Buy?

Blue Bird Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.851 Strong Buy Candidate Upgraded

Predicted Opening Price for Blue Bird Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$37.49 ( 0.95%) $37.85

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BLBD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.57 1.90 %
R2 38.16 0.81 %
R1 37.90 0.139 %
Current price: 37.85
Support S1 37.08 -2.04 %
S2 36.82 -2.71 %
S3 36.41 -3.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 37.85
Support S1 32.31 -14.64%
S2 31.19 -17.60%
S3 30.33 -19.87%

FAQ

What is the symbol for Blue Bird Corporation Stock and on which exchange is it traded?
The symbol for Blue Bird Corporation is BLBD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Blue Bird Corporation Stock?
Blue Bird Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Blue Bird Corporation Stock?
Blue Bird Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blue Bird Corporation Stock.

What's the current price of Blue Bird Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Blue Bird Corporation (BLBD) share was $37.85.

What is the 52-week high and low for Blue Bird Corporation Stock?
The 52-week high for Blue Bird Corporation Stock is $37.85 and the 52-week low is $17.37.

What is the market capitalization of Blue Bird Corporation Stock?
As of the 2024-03-27, the market capitalization of Blue Bird Corporation is 1.219B.

When is the next earnings date for Blue Bird Corporation?
The upcoming earnings date for Blue Bird Corporation is May 09, 2024.
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About Blue Bird Corporation

Blue Bird Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses. Blue Bird Corporation sells its products through ... BLBD Profile

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