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$50.35 (-1.00%)

Volume: 190k

Closed: Nov 26, 2021

Hollow Logo Score: 1.263

Brady Corporation Stock Forecast

$50.35 (-1.00%)

Volume: 190k

Closed: Nov 26, 2021

Score Hollow Logo 1.263
Which way will BRC go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $47.63 (-5.41%)
Key Stats
P/E Ratio 18.65
Beta 0.95
Trailing Dividend Rate 1.75% ($0.88)
Next Dividend Date Jan 07, 2022
* 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 ] The Brady Corporation stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Brady Corporation stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-19 Gain 0.12%

The Brady Corporation stock price fell by -1.00% on the last day (Friday, 26th Nov 2021) from $50.86 to $50.35. and has now fallen 3 days in a row. During the day the stock fluctuated 1.82% from a day low at $49.47 to a day high of $50.37. The price has fallen in 7 of the last 10 days and is down by -8.05% for this period. Volume has increased on the last day by 131 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, 190 thousand shares were bought and sold for approximately $9.57 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $50.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.71% during the next 3 months and, with a 90% probability hold a price between $51.99 and $58.15 at the end of this 3-month period.

Signals & Forecast

The Brady Corporation 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 $50.99 and $52.22. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, November 18, 2021, and so far it has risen 0.76%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Brady Corporation finds support from accumulated volume at $49.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.90 between high and low, or 1.82%. For the last week, the stock has had a daily average volatility of 1.95%.

Brady Corporation is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $47.63 (-5.41%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Is Brady Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.263

Predicted Opening Price for Brady Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$50.06 $50.35 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

Wells Fargo & Company is very positive about BRC and gave it a "Underweight - Overweight" rating on Jun 08, 2021. The price target was changed from $50.00 to $70.00.

Volatility and Risk
Daily Average Volatility: 1.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $50.58
Price: $50.35
Support: $49.97

BRC Insider Trading Show all Trades

INSIDER POWER

0.999

Last 100 transactions
Buy: 404 587 | Sell: 404 902 (Shares)
Date Action Amount Person Type
Nov 08, 2021 Sell 100 000 Nauman J Michael Stock Option
Nov 08, 2021 Sell 65 988 Nauman J Michael Class A Common Stock
Nov 08, 2021 Buy 100 000 Nauman J Michael Class A Common Stock
Oct 18, 2021 Buy 451 Williams Michelle Elizabeth Class A Common Stock
Oct 18, 2021 Buy 893 Richardson Bradley C Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.999

Last 100 transactions
Buy: 404 587 | Sell: 404 902 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 50.96 1.22 %
50.62 0.54 %
50.41 0.11 %
Current price: 50.35
Support 49.72 -1.25 %
49.51 -1.67 %
49.16 -2.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 52.09 3.46 %
51.29 1.87 %
50.58 0.46 %
Current price 50.35
Support 49.97 -0.75%
49.35 -1.99%
49.29 -2.11%

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About Brady Corporation

Brady Brady Corporation manufactures and supplies identification solutions, specialty materials, and workplace safety products that identify and protect premises, products, and people in the United States and internationally. It operates through two segments, Identification Solutions and Workplace Safety. The Identification Solutions segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for faci... Read more

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