Berkeley Berry Birch Stock Forecast
Weaker technical forecast for Berkeley Berry Birch as stock downgraded to Hold/Accumulate.
(Updated on May 09, 2024)
No changes to the price of Berkeley Berry Birch stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £42.20 to a day high of £42.20. The price has risen in 6 of the last 10 days and is up by 25.97% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £42.07, a level that may pose a second chance to hit a runner. According to fan-theory £54.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BBB.L Signals & Forecast
The Berkeley Berry Birch stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £40.34 and £36.67. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Berkeley Berry Birch stock
Berkeley Berry Birch finds support from accumulated volume at £41.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.55%
The Berkeley Berry Birch stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: £40.78 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BBB.L) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Berkeley Berry Birch to open at £42.20, and during the day (based on 14 day Average True Range), to move between £39.89 and £44.51, which gives a possible trading interval of +/-£2.31 (+/-5.48%) up or down from last closing price. If Berkeley Berry Birch takes out the full calculated possible swing range there will be an estimated 10.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £42.50 (0.71%) than the support at £41.00 (2.84%), 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 Berkeley Berry Birch stock A Buy?
Berkeley Berry Birch 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.652 Hold/Accumulate Downgraded
Predicted Opening Price for Berkeley Berry Birch of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
£42.20 ( 0%) | £42.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBB.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.20 | . | |
R2 | 42.20 | . | ||
R1 | 42.20 | . | ||
Current price: | 42.20 | |||
Support | S1 | 42.20 | . | |
S2 | 42.20 | . | ||
S3 | 42.20 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.50 | 3.08 % | |
R2 | 43.00 | 1.90 % | ||
R1 | 42.50 | 0.711 % | ||
Current price | 42.20 | |||
Support | S1 | 41.00 | -2.84% | |
S2 | 38.00 | -9.95% | ||
S3 | 34.00 | -19.43% |
BBB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 06, 2021 | Oct 05, 2021 | Oct 20, 2021 | £45.00 | 56.25% |
2 | Oct 01, 2021 | Oct 01, 2021 | Oct 01, 2021 | £45.00 | 46.15% |
FAQ
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