Big Lots Stock Forecast
Big Lots stock price target cut to $46 from $53 at Deutsche Bank. 14, 2021 at 6:42 a.m. ET by Tomi Kilgore. Big Lots stock drops after Q4 update falls short of expectations. BIG Technical Analysis. The following BIG technical analysis is based on short term price movement and trend analysis. The analysis is useful for short term traders who trade stocks with technical anlaysis. BIG is down -0.17% on 01/15/21. BIG is trading in the range of $42.05 - $53.70 in the past 30 days. Bullish Indicators 22 day EMA crossover.
Big Lots Inc stock price down 0.73% on Friday (Updated on January 29, 2021)
Big Yahoo Summary
Buy or Hold candidate since 2021-01-12Gain 22.27% PDFThe Big Lots Inc stock price fell by -0.73% on the last day (Friday, 29th Jan 2021) from $60.12 to $59.68. and has now fallen 3 days in a row. During the day the stock fluctuated 5.67% from a day low at $59.31 to a day high of $62.67. The price has been going up and down for this period, and there has been a 14.37% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately $70.37 million.
The stock lies in the middle of a very 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 4.43% during the next 3 months and, with a 90% probability hold a price between $45.03 and $68.03 at the end of this 3-month period.
Signals & Forecast
Big Lots Stock Forecast For Today
The Big Lots Inc 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 $55.70 and $48.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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 Wednesday, January 27, 2021, and so far it has fallen -8.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $48.19 and $46.98. There is 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, Big Lots Inc finds support just below today's level at $48.19. If this is broken, then the next support from accumulated volume will be at $46.98 and $45.16.
This stock may move very much during a day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be 'very high risk'. During the last day, the stock moved $3.36 between high and low, or 5.67%. For the last week, the stock has had a daily average volatility of 11.16%.
Our recommended stop-loss:$56.36(-5.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 day(s) ago.)
Is Big Lots Inc 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 Big Lots Inc stock to perform well in the short-term.
Current score:1.735
Big Lots Stock Analysis
Predicted Opening Price for Big Lots Inc of Monday, February 1, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
| Fair opening price February 1, 2021 | Current price |
|---|---|
| $60.55 | $59.68(Undervalued) |
Loop Capital is very positive to BIG and gave it a 'Buy' rating on January 14, 2021. The price target was set to $65.00 → $60.00.Over the last 30 days, this security got 2 buy, 1 sell and 3 hold ratings.
Daily Average Volatility
Very High
High
Medium
Low
Very Low
Resistance: $60.12
Price: $59.68
Support: $48.19