Bravo Brio Restaurant Group Fund Forecast

Buy candidate since May 23, 2018

No changes to the price of Bravo Brio Restaurant Group fund on the last trading day (Tuesday, 5th Jun 2018). During the last trading day the fund fluctuated 0% from a day low at $4.05 to a day high of $4.05. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.02 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 fund is expected to rise 4.01% during the next 3 months and, with a 90% probability hold a price between $4.18 and $4.37 at the end of this 3-month period.

BBRG Signals & Forecast

The Bravo Brio Restaurant Group fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the fund. 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 $4.05 and $4.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 22, 2018, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Bravo Brio Restaurant Group fund

Bravo Brio Restaurant Group finds support from accumulated volume at $4.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $3.82 (-5.73%) (This fund has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (BBRG) For The Upcoming Trading Day Of Wednesday 6th

For the upcoming trading day on Wednesday, 6th we expect Bravo Brio Restaurant Group to open at $4.05, and during the day (based on 14 day Average True Range), to move between $4.03 and $4.07, which gives a possible trading interval of +/-$0.0343 (+/-0.85%) up or down from last closing price. If Bravo Brio Restaurant Group takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.03 (0.49%) than the resistance at $4.08 (0.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bravo Brio Restaurant Group fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bravo Brio Restaurant Group fund to perform well in the short-term.

Current score: 3.210 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 6, 2018 - $4.05 ( 0%).

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