Brown & Brown Inc Stock Forecast
Brown & Brown Inc stock price up 0.183% on Thursday
(Updated on Apr 25, 2024)
The Brown & Brown Inc stock price gained 0.183% on the last trading day (Thursday, 25th Apr 2024), rising from $82.13 to $82.28. During the last trading day the stock fluctuated 1.41% from a day low at $81.50 to a day high of $82.65. The price has been going up and down for this period, and there has been a -0.45% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 216 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $108.42 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $81.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.54% during the next 3 months and, with a 90% probability hold a price between $85.57 and $93.91 at the end of this 3-month period.
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BRO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brown & Brown Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $84.40. On a fall, the stock will find some support from the short-term average at $81.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Brown & Brown Inc stock
Brown & Brown Inc finds support from accumulated volume at $80.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.15 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Brown & Brown Inc to open at $82.14, and during the day (based on 14 day Average True Range), to move between $81.01 and $83.55, which gives a possible trading interval of +/-$1.27 (+/-1.54%) up or down from last closing price. If Brown & Brown Inc takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.94 (1.63%) than the resistance at $84.21 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brown & Brown Inc stock A Buy?
Brown & Brown Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.076 Sell Candidate Unchanged
Predicted Opening Price for Brown & Brown Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$82.14 ( 0.166%) | $82.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.29 | 1.23 % | |
R2 | 82.85 | 0.698 % | ||
R1 | 82.58 | 0.368 % | ||
Current price: | 82.28 | |||
Support | S1 | 81.70 | -0.700 % | |
S2 | 81.43 | -1.03 % | ||
S3 | 80.99 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 85.51 | 3.93 % | |
R2 | 84.94 | 3.23 % | ||
R1 | 84.21 | 2.35 % | ||
Current price | 82.28 | |||
Support | S1 | 80.94 | -1.63% | |
S2 | 78.30 | -4.84% | ||
S3 | 77.08 | -6.32% |
BRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | May 03, 2024 | May 15, 2024 | $0.130 | 0.158% |
2 | Jan 17, 2024 | Feb 01, 2024 | Feb 14, 2024 | $0.130 | 0.158% |
3 | Oct 18, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.130 | 0.180% |
4 | Jul 19, 2023 | Aug 08, 2023 | Aug 16, 2023 | $0.115 | 0.159% |
5 | Apr 24, 2023 | May 05, 2023 | May 17, 2023 | $0.115 | 0.176% |
FAQ
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