Stronger technical forecast for Bombardier Inc. Class B stock price after Wednesday trading. (Updated on September 15, 2021)
Buy or Hold candidate since 2021-05-26 Gain 105.38% PDF The Bombardier Inc. Class B stock price gained 0.53% on the last trading day (Wednesday, 15th Sep 2021), rising from $1.90 to $1.91. During the day the stock fluctuated 1.06% from a day low at $1.89 to a day high of $1.91. The price has risen in 5 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $10.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 68.04% during the next 3 months and, with a 90% probability hold a price between $2.99 and $3.32 at the end of this 3-month period.
Signals & Forecast
The Bombardier Inc. Class B stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.91. On a fall, the stock will find some support from the long-term average at approximately $1.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, September 13, 2021, and so far it has fallen -2.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
Bombardier Inc. Class B finds support from accumulated volume at $1.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 1.06%. For the last week, the stock has had a daily average volatility of 1.06%.
Our recommended stop-loss: $1.84 (-3.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Is Bombardier Inc. Class B stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bombardier Inc. Class B stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.267
Predicted Opening Price for Bombardier Inc. Class B of Thursday, September 16, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
| Fair opening price September 16, 2021 | Current price |
| $1.90 | $1.91 (Overvalued) |
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1.06 %
Daily Average Volatility
Very High
High
Medium
Low
Very Low
Resistance: $1.93
Price: $1.91
Support: $1.90