Brunswick Corporation 6.625% Se Stock Forecast
Brunswick Corporation 6.625% Se stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Brunswick Corporation 6.625% Se stock price gained 0.259% on the last trading day (Thursday, 27th Jun 2024), rising from $25.10 to $25.17. During the last trading day the stock fluctuated 0.88% from a day low at $25.10 to a day high of $25.32. The price has risen in 6 of the last 10 days but is still down by -0.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $194.12 thousand.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.69% during the next 3 months and, with a 90% probability hold a price between $25.38 and $26.26 at the end of this 3-month period.
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BC-PB Signals & Forecast
The Brunswick Corporation 6.625% Se 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 $25.17. On a fall, the stock will find some support from the long-term average at approximately $24.77. 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. Brunswick Corporation 6.625% Se has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, June 24, 2024, and so far it has fallen -0.455%. 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).
Support, Risk & Stop-loss for Brunswick Corporation 6.625% Se stock
Brunswick Corporation 6.625% Se finds support from accumulated volume at $24.47 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 $0.220 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.498%.
Our recommended stop-loss: $24.12 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (BC-PB) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Brunswick Corporation 6.625% Se to open at $25.20, and during the day (based on 14 day Average True Range), to move between $25.00 and $25.33, which gives a possible trading interval of +/-$0.165 (+/-0.66%) up or down from last closing price. If Brunswick Corporation 6.625% Se takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.18 (0.06%) than the support at $24.47 (2.76%), 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 Brunswick Corporation 6.625% Se stock 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 Brunswick Corporation 6.625% Se stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.785 Buy Candidate Upgraded
Predicted Opening Price for Brunswick Corporation 6.625% Se of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$25.20 ( 0.119%) | $25.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BC-PB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.42 | 0.99% |
R2 | 25.33 | 0.659% |
R1 | 25.28 | 0.453% |
Price | 25.17 | |
S1 | 25.11 | -0.215% |
S2 | 25.06 | -0.421% |
S3 | 24.98 | -0.755% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.28 | 0.457% |
R2 | 25.19 | 0.0993% |
R1 | 25.18 | 0.0596% |
Price | 25.17 | |
S1 | 24.47 | -2.76% |
S2 | 24.35 | -3.24% |
S3 | 24.29 | -3.48% |
BC-PB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.414 | 1.74% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.414 | 1.66% |
3 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.414 | 1.73% |
4 | Jun 29, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.414 | 1.62% |
5 | Mar 30, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.414 | 1.54% |
FAQ
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