Brookfield Finance Inc. 4.625% Stock Forecast
Brookfield Finance Inc. 4.625% stock price up 0.98% on Friday
(Updated on Jun 28, 2024)
The Brookfield Finance Inc. 4.625% stock price gained 0.98% on the last trading day (Friday, 28th Jun 2024), rising from $16.34 to $16.50. During the last trading day the stock fluctuated 2.83% from a day low at $16.06 to a day high of $16.52. The price has been going up and down for this period, and there has been a -0.3% 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, 290 thousand more shares were traded than the day before. In total, 363 thousand shares were bought and sold for approximately $6.00 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.87% during the next 3 months and, with a 90% probability hold a price between $14.90 and $15.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BNH Signals & Forecast
There are mixed signals in the stock today. The Brookfield Finance Inc. 4.625% stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.57 and $16.77. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.98%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Brookfield Finance Inc. 4.625% stock
Brookfield Finance Inc. 4.625% finds support from accumulated volume at $16.43 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 $0.455 between high and low, or 2.83%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Brookfield Finance Inc. 4.625% to open at $16.36, and during the day (based on 14 day Average True Range), to move between $16.14 and $16.86, which gives a possible trading interval of +/-$0.359 (+/-2.18%) up or down from last closing price. If Brookfield Finance Inc. 4.625% takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.55 (0.30%) than the support at $16.43 (0.42%), 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 Brookfield Finance Inc. 4.625% stock A Buy?
Brookfield Finance Inc. 4.625% holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.158 Sell Candidate Unchanged
Predicted Opening Price for Brookfield Finance Inc. 4.625% of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $16.36 ( 0.86%) | $16.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.81 | 1.90% |
| R2 | 16.64 | 0.85% |
| R1 | 16.53 | 0.195% |
| Price | 16.50 | |
| S1 | 16.18 | -1.91% |
| S2 | 16.08 | -2.56% |
| S3 | 15.90 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.79 | 1.76% |
| R2 | 16.74 | 1.45% |
| R1 | 16.55 | 0.303% |
| Price | 16.50 | |
| S1 | 16.43 | -0.424% |
| S2 | 16.34 | -0.97% |
| S3 | 0 | - |
BNH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 16, 2024 | $0.289 | 1.75% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 16, 2024 | $0.289 | 1.72% |
| 3 | Dec 29, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.289 | 1.64% |
| 4 | Sep 29, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.289 | 1.91% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 16, 2023 | $0.289 | 1.75% |
FAQ
Click here for our free guide on how to buy Brookfield Finance Inc. 4.625% Stock.
