BIdcorp Diamond formation ready for a break ups to R526?We need a Weekly chart as there is too much chop on the daily.
Bidcorp has been moving nowhere slowly since April 2023.
And during this time it's been moving in a Bullish Diamond Formation.
Why it's bullish is because the previous trend and pole was up.
SO we are expecting a sideways move be
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24 ZAR
8.01 B ZAR
225.91 B ZAR
336.08 M
About BID CORPORATION LTD
Sector
Industry
CEO
Bernard Larry Berson
Website
Headquarters
Johannesburg
Founded
1988
ISIN
ZAE000216537
FIGI
BBG00CP99BP5
Bid Corp. Ltd. engages in the provision of comprehensive foodservice solutions. It operates under the Bidfood and Corporate segments. The Bidfood segment is involved in Australasia, the United Kingdom, Europe, and Emerging Markets. The company was founded by Brian Joffe in 1988 and is headquartered in Johannesburg, South Africa.
Our opinion on the current state of BIDCORP(BID)Bidcorp (BID) is a diversified international food company which operates in 34 countries around the world. It was spun out of Bidvest in June 2017 to release shareholder value. We see this as a solid blue chip, rand hedge share which should perform well. About 95% of its income is generated outside
BID Poised for a Weekly LowThe share appears to be in distribution, the RSI is already showing negative divergence building up. The blue line is where we expect price to fully confirm that a weekly drop is well underway besides the weekly swing high already confirmed. We can also see price has exited the rising wedge & has ba
BID.JSE I don't like what I see. H&S Pattern.Switching to a simple line Chart showed this Head and Shoulders Pattern.
I am in this equity, and trust the Pattern gets' Invalidated. Only time will tell.
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Our opinion on the current state of BIDBidcorp, having been spun off from Bidvest in June 2017, stands out as a diversified international food company with operations across 34 countries, marking its prominence in the global foodservice industry. The strategic move to separate from Bidvest was aimed at unlocking shareholder value, a goal
BID: All-Time HighsBID Bid Corp | The share reached an all-time high on Friday with a print of 47807c. The positive price action development is welcomed considering that clients were alerted to the potential for new highs on 09 January at a price of 41598c (pre-market). Friday's pre-market technical rating for the sha
$JSEBID - BidCorp - How Much Higher Can It Go?See link below for previous analysis.
Bidcorp has continued to push higher to new all time highs.
An update of the wave count shows the uptrend is at a very mature stage but can still push higher in the fifth and final wave of wave C of (5).
I opt for caution at such stages of the trend.
BID: seize the opportunity to buy in a dip?A price action above 42500 supports a bullish trend direction.
The blue circle indicates the optimal entry point during a pullback.
Increase exposure for a break above 44800.
The target price is set at 46300 (full retracement of the Fibonacci levels).
The stop-loss is set at 42300.
Remains above its
BID: re-tested its 200-dayA price action above 40400 supports a bullish trend direction.
Increase long exposure for a break above 41600.
The target price is set at 43100, which is close to its 38.2% Fibonacci retracement level.
The stop-loss is set at 39100.
Currently testing its 78.6% Fibonacci retracement, which might act
See all ideas
Summarizing what the indicators are suggesting.
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Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of BID is 44,912 ZAC — it has increased by 2.91% in the past 24 hours. Watch BID CORPORATION LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on JSE exchange BID CORPORATION LTD stocks are traded under the ticker BID.
BID stock has risen by 4.52% compared to the previous week, the month change is a 3.79% rise, over the last year BID CORPORATION LTD has showed a 4.44% increase.
We've gathered analysts' opinions on BID CORPORATION LTD future price: according to them, BID price has a max estimate of 56,000.00 ZAC and a min estimate of 43,900.00 ZAC. Watch BID chart and read a more detailed BID CORPORATION LTD stock forecast: see what analysts think of BID CORPORATION LTD and suggest that you do with its stocks.
BID stock is 1.88% volatile and has beta coefficient of 0.17. Track BID CORPORATION LTD stock price on the chart and check out the list of the most volatile stocks — is BID CORPORATION LTD there?
Today BID CORPORATION LTD has the market capitalization of 149.58 B, it has decreased by −4.43% over the last week.
Yes, you can track BID CORPORATION LTD financials in yearly and quarterly reports right on TradingView.
BID CORPORATION LTD is going to release the next earnings report on Aug 27, 2025. Keep track of upcoming events with our Earnings Calendar.
BID CORPORATION LTD revenue for the last half-year amounts to 117.95 B ZAC, despite the estimated figure of 111.92 B ZAC. In the next half-year revenue is expected to reach 118.30 B ZAC.
BID net income for the last half-year is 3.76 B ZAR, while the previous report showed 4.18 B ZAR of net income which accounts for −10.15% change. Track more BID CORPORATION LTD financial stats to get the full picture.
BID CORPORATION LTD dividend yield was 2.57% in 2024, and payout ratio reached 45.56%. The year before the numbers were 2.27% and 45.59% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 15, 2025, the company has 29.11 K employees. See our rating of the largest employees — is BID CORPORATION LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. BID CORPORATION LTD EBITDA is 15.76 B ZAR, and current EBITDA margin is 6.79%. See more stats in BID CORPORATION LTD financial statements.
Like other stocks, BID shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade BID CORPORATION LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So BID CORPORATION LTD technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating BID CORPORATION LTD stock shows the buy signal. See more of BID CORPORATION LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.