Predict the stock price of BAX tomorrow?
8/4/2025 07:44am
The stock price of BAX (Baxter International) is predicted to experience a bearish trend tomorrow, August 4, 2025. Here's a detailed analysis to support this conclusion:
1. **Current Trend**: The stock is in a bearish price trend, which has lasted for 37 days. The probability of the trend continuing is 83%, based on the continuation probability of 35 days of clear trend and 2 days of unclear trend.
2. **Support and Resistance Levels**: The stock is currently positioned below both the wide support level of $23.39 and the narrow support level of $25.56. The resistance level is at $29.92, which is wider than the narrow resistance level of $32.09. This suggests that the stock is facing downward pressure, as it is closer to the support levels than the resistance levels.
3. **Forecast Price**: The forecasted mean price for August 4, 2025, is $20.29, with a 34% confidence interval ranging from $18.52 to $21.17. This indicates a potential for the stock price to remain within this range, which is slightly above the current support level but below the resistance level.
4. **Market Sentiment**: Recent news about Baxter International has been negative, with the stock hitting a new 52-week low on disappointing growth forecasts and a significant swing in net income. Despite a positive turnaround in profitability, the lowered full-year guidance and negative investor sentiment suggest that the bearish trend may continue.
5. **Strategic Considerations**: Baxter International has recently completed the sale of its Vantive business, aiming to enhance operational efficiency. However, the stock's performance has been under pressure due to market conditions and internal challenges. The company's strategic responses to these pressures will be crucial in determining the stock's future trajectory.
In conclusion, given the bearish trend, the stock's positioning below support levels, the forecasted price, and the current market sentiment, it is predicted that the stock price of BAX will likely continue to face downward pressure tomorrow, August 4, 2025. The advice is to sell, as the historical win rate for this type of forecast is 53.43%, indicating it is moderately reliable.