Banco do Brasil S.A. Stock Forecast
Green day on Thursday for Banco do Brasil S.A. stock after gaining 0.99%
(Updated on Mar 28, 2024)
The Banco do Brasil S.A. stock price gained 0.99% on the last trading day (Thursday, 28th Mar 2024), rising from $11.14 to $11.25. During the last trading day the stock fluctuated 0.89% from a day low at $11.23 to a day high of $11.33. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $556.57 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Banco do Brasil S.A. stock with a 90% probability to be traded between $11.09 and $12.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BDORY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. Banco do Brasil S.A. 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. The Banco do Brasil S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.51. On a fall, the stock will find some support from the short-term average at $11.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Banco do Brasil S.A. stock
Banco do Brasil S.A. finds support from accumulated volume at $11.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.1000 (0.89%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $10.63 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BDORY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Banco do Brasil S.A. to open at $11.27, and during the day (based on 14 day Average True Range), to move between $10.95 and $11.55, which gives a possible trading interval of +/-$0.300 (+/-2.67%) up or down from last closing price. If Banco do Brasil S.A. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.22 (0.27%) than the resistance at $11.39 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Banco do Brasil S.A. stock A Buy?
Banco do Brasil S.A. 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.
Current score: -0.606 Hold/Accumulate Unchanged
Predicted Opening Price for Banco do Brasil S.A. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.27 ( 0.178%) | $11.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDORY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.37 | 1.07 % | |
R2 | 11.33 | 0.727 % | ||
R1 | 11.31 | 0.517 % | ||
Current price: | 11.25 | |||
Support | S1 | 11.23 | -0.162 % | |
S2 | 11.21 | -0.372 % | ||
S3 | 11.17 | -0.711 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.74 | 4.36 % | |
R2 | 11.58 | 2.89 % | ||
R1 | 11.39 | 1.24 % | ||
Current price | 11.25 | |||
Support | S1 | 11.22 | -0.267% | |
S2 | 11.19 | -0.578% | ||
S3 | 11.13 | -1.11% |
BDORY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 12, 2024 | Apr 08, 2024 | $0.120 | 1.07% |
2 | Feb 10, 2024 | Feb 22, 2024 | Mar 11, 2024 | $0.131 | 1.15% |
3 | Nov 30, 2023 | Dec 12, 2023 | Jan 08, 2024 | $0.0524 | 0.463% |
4 | Nov 22, 2023 | Nov 22, 2023 | Dec 11, 2023 | $0.104 | 0.95% |
5 | Aug 29, 2023 | Sep 12, 2023 | Oct 10, 2023 | $0.0690 | 0.720% |
FAQ
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