Broadridge Financial Solutions, Inc. Stock Forecast

Stronger technical forecast for Broadridge Financial Solutions, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)

0HPW.L Signals & Forecast

The Broadridge Financial Solutions, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $200.10. On a fall, the stock will find some support from the long-term average at approximately $198.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Broadridge Financial Solutions, Inc. stock

Broadridge Financial Solutions, Inc. finds support from accumulated volume at $195.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.70 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 0.783%.

Our recommended stop-loss: $190.21 (-4.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (0HPW.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Broadridge Financial Solutions, Inc. to open at $198.97, and during the day (based on 14 day Average True Range), to move between $196.94 and $201.48, which gives a possible trading interval of +/-$2.27 (+/-1.14%) up or down from last closing price. If Broadridge Financial Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $199.52 (0.16%) than the support at $195.92 (1.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Broadridge Financial Solutions, Inc. stock A Buy?

Broadridge Financial Solutions, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Broadridge Financial Solutions, Inc. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.