Big Rock Brewery Inc. Stock Forecast
Big Rock Brewery Inc. stock price ended at $1.20 on Wednesday, after losing 2.44%.
(Updated on Jun 05, 2024)
The Big Rock Brewery Inc. stock price fell by -2.44% on the last day (Wednesday, 5th Jun 2024) from $1.23 to $1.20. During the last trading day the stock fluctuated 0% from a day low at $1.20 to a day high of $1.20. The price has been going up and down for this period, and there has been a -7.69% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $1.25 thousand.
The stock lies in the middle of a very wide and 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 -9.37% during the next 3 months and, with a 90% probability hold a price between $1.02 and $1.30 at the end of this 3-month period.
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BR.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Big Rock Brewery Inc. 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 $1.22 and $1.29. A break-up above any of these levels will issue buy signals. Big Rock Brewery Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Big Rock Brewery Inc. stock
Big Rock Brewery Inc. finds support from accumulated volume at $1.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $1.14 (-4.94%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BR.TO) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Big Rock Brewery Inc. to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.24, which gives a possible trading interval of +/-$0.0362 (+/-3.01%) up or down from last closing price. If Big Rock Brewery Inc. takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.18 (1.67%) than the resistance at $1.26 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Big Rock Brewery Inc. stock A Buy?
Big Rock Brewery Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Big Rock Brewery Inc. of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| $1.20 ( 0%) | $1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.20 | - |
| R2 | 1.20 | - |
| R1 | 1.20 | - |
| Price | 1.20 | |
| S1 | 1.20 | - |
| S2 | 1.20 | - |
| S3 | 1.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.31 | 9.17% |
| R2 | 1.30 | 8.33% |
| R1 | 1.26 | 5.00% |
| Price | 1.20 | |
| S1 | 1.18 | -1.67% |
| S2 | 0 | - |
| S3 | 0 | - |
BR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2014 | Dec 29, 2014 | Jan 15, 2015 | $0.200 | 1.67% |
| 2 | Sep 16, 2014 | Sep 26, 2014 | Oct 15, 2014 | $0.200 | 1.40% |
| 3 | Jun 18, 2014 | Jun 26, 2014 | Jul 15, 2014 | $0.200 | 1.17% |
| 4 | Mar 17, 2014 | Mar 27, 2014 | Apr 15, 2014 | $0.200 | 1.16% |
| 5 | Dec 18, 2013 | Dec 27, 2013 | Jan 15, 2014 | $0.200 | 1.10% |
FAQ
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