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Broadridge Financial Solutions Inc Stock Forecast NYSE:BR

$174.22 (1.46%)

Volume: 435k

Closed: Dec 07, 2021

Hollow Logo Score: -0.929

Broadridge Financial Solutions Inc Stock Forecast

$174.22 (1.46%)

Volume: 435k

Closed: Dec 07, 2021

Score Hollow Logo -0.929
Stop-loss: $166.44 (-4.46%)
Key Stats
P/E Ratio 36.48
Beta 0.95
Trailing Dividend Rate 1.37% ($2.35)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

Broadridge Financial Solutions Inc stock upgraded to Hold/Accumulate.
(Updated on Dec 07, 2021)


Hold candidate since 2021-12-07

The Broadridge Financial Solutions Inc stock price gained 1.46% on the last trading day (Tuesday, 7th Dec 2021), rising from $171.71 to $174.22. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.03% from a day low at $172.45 to a day high of $175.95. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 435 thousand shares were bought and sold for approximately $75.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.38% during the next 3 months and, with a 90% probability hold a price between $176.14 and $196.09 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.55%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Broadridge Financial Solutions Inc 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 $176.05. On a fall, the stock will find some support from the short-term average at $171.78. 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. The stock had a Golden Star Signal on Wednesday, October 06, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, October 06, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Broadridge Financial Solutions Inc finds support from accumulated volume at $169.87 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 $3.50 between high and low, or 2.03%. For the last week the stock has had a daily average volatility of 2.75%.

Our recommended stop-loss: $166.44 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is Broadridge Financial Solutions Inc stock A Buy?

Broadridge Financial Solutions Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.929

Predicted Opening Price for Broadridge Financial Solutions Inc of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$174.21 $174.22 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 04, 2021 "Raymond James" gave "$187.00 - $192.00" rating for BR. The price target was set to $171.63+1.0%.

Volatility and Risk
Daily Average Volatility: 2.75 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.75 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $178.41
Price: $174.22
Support: $169.87

BR Insider Trading Show all Trades

INSIDER POWER

0.557

Last 100 transactions
Buy: 384 735 | Sell: 690 469 (Shares)
Date Action Amount Person Type
Dec 07, 2021 Sell 18 040 Schifellite Robert Stock Option (Right to Buy)
Dec 07, 2021 Sell 15 063 Schifellite Robert Common Stock
Dec 07, 2021 Sell 3 000 Schifellite Robert Common Stock
Dec 07, 2021 Buy 18 040 Schifellite Robert Common Stock
Dec 06, 2021 Buy 162 Keller Brett Common Stock
Show all Insider Trades
INSIDER POWER

0.557

Last 100 transactions
Buy: 384 735 | Sell: 690 469 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 177.71 2.00 %
176.37 1.23 %
175.54 0.76 %
Current price: 174.22
Support 172.87 -0.78 %
172.04 -1.25 %
170.71 -2.02 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 181.30 4.06 %
178.87 2.67 %
178.41 2.41 %
Current price 174.22
Support 169.87 -2.50%
168.57 -3.24%
164.44 -5.61%

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About Broadridge Financial Solutions Inc

Broadridge Financial Solutions Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry in the United States, Canada, the United Kingdom, and internationally. The company’s Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and provides ProxyEdge, an electro... Read more

Golden Star Signal

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