Breedon Group Plc Stock Forecast
Breedon Group Plc stock price down 1.65% on Thursday
(Updated on Apr 25, 2024)
The Breedon Group Plc stock price fell by -1.65% on the last day (Thursday, 25th Apr 2024) from £364.50 to £358.50. During the last trading day the stock fluctuated 2.24% from a day low at £357.00 to a day high of £365.00. The price has been going up and down for this period, and there has been a -3.24% loss 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 -1 million shares and in total, 2 million shares were bought and sold for approximately £652.27 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £372.46. A reaction back to this level may hold a second chance to get out before further falls.
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BREE.L Signals & Forecast
There are few to no technical positive signals at the moment. The Breedon Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £371.00 and £378.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -8.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 for Breedon Group Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £8.00 (2.24%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BREE.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Breedon Group Plc to open at £360.17, and during the day (based on 14 day Average True Range), to move between £347.59 and £369.41, which gives a possible trading interval of +/-£10.91 (+/-3.04%) up or down from last closing price. If Breedon Group Plc takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £369.00, some £10.50 (2.93%) from the current price of £358.50, our system finds the risk reward not very attractive.
Is Breedon Group Plc stock A Buy?
The Breedon Group Plc stock holds several negative signals and despite the positive trend, we believe Breedon Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.124 Sell Candidate Unchanged
Predicted Opening Price for Breedon Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £360.17 ( 0.465%) | £358.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BREE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 368.17 | 2.70 % | |
| R2 | 365.11 | 1.84 % | ||
| R1 | 363.22 | 1.32 % | ||
| Current price: | 358.50 | |||
| Support | S1 | 357.11 | -0.388 % | |
| S2 | 355.22 | -0.91 % | ||
| S3 | 352.17 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 380.00 | 6.00 % | |
| R2 | 374.50 | 4.46 % | ||
| R1 | 369.00 | 2.93 % | ||
| Current price | 358.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BREE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 17, 2024 | £9.50 | 2.65% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £7.00 | 1.97% |
| 3 | Jul 27, 2022 | Aug 25, 2022 | Sep 30, 2022 | £0.700 | 0.263% |
| 4 | Mar 22, 2022 | Apr 21, 2022 | May 20, 2022 | £1.10 | 0.325% |
| 5 | Jul 22, 2021 | Aug 12, 2021 | Sep 10, 2021 | £0.500 | 0.102% |
FAQ
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