Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BRC
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Weaker technical forecast for Brady Corporation as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.50% PDF

The Brady Corporation stock price fell by -0.504% on the last day (Thursday, 28th Mar 2024) from $59.58 to $59.28. During the last trading day the stock fluctuated 1.45% from a day low at $59.13 to a day high of $59.99. The price has been going up and down for this period, and there has been a 2.85% gain 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, 252 thousand shares were bought and sold for approximately $14.96 million.

The stock lies in the middle of a 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 -4.14% during the next 3 months and, with a 90% probability hold a price between $53.32 and $59.15 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.

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BRC Signals & Forecast

The Brady Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $58.84 and $59.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 4.68%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Brady Corporation stock

Brady Corporation finds support from accumulated volume at $58.43 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 $0.86 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: $56.74 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (BRC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Brady Corporation to open at $59.47, and during the day (based on 14 day Average True Range), to move between $58.24 and $60.32, which gives a possible trading interval of +/-$1.04 (+/-1.76%) up or down from last closing price. If Brady Corporation takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $58.43 (1.43%) than the resistance at $60.23 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brady Corporation stock A Buy?

Brady Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.926 Hold/Accumulate Downgraded

Predicted Opening Price for Brady Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.47 ( 0.315%) $59.28

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

Trading levels for BRC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.33 1.77 %
R2 60.00 1.21 %
R1 59.80 0.87 %
Current price: 59.28
Support S1 59.14 -0.239 %
S2 58.94 -0.582 %
S3 58.61 -1.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 61.98 4.55 %
R2 60.61 2.24 %
R1 60.23 1.60 %
Current price 59.28
Support S1 58.43 -1.43%
S2 58.28 -1.69%
S3 56.63 -4.47%

BRC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Apr 08, 2024 Apr 30, 2024 $0.235 0.396%
2 Jan 09, 2024 Jan 09, 2024 Jan 31, 2024 $0.235 0.390%
3 Sep 04, 2023 Oct 09, 2023 Oct 31, 2023 $0.235 0.457%
4 Sep 04, 2023 Oct 06, 2023 Oct 31, 2023 $0.240 0.466%
5 May 17, 2023 Jul 07, 2023 Jul 31, 2023 $0.230 0.446%

FAQ

What is the symbol for Brady Corporation Stock and on which exchange is it traded?
The symbol for Brady Corporation is BRC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Brady Corporation Stock?
Brady Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Brady Corporation Stock?
Brady Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brady Corporation Stock.

What's the current price of Brady Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Brady Corporation (BRC) share was $59.28.

What is the 52-week high and low for Brady Corporation Stock?
The 52-week high for Brady Corporation Stock is $63.02 and the 52-week low is $46.77.

What is the market capitalization of Brady Corporation Stock?
As of the 2024-03-28, the market capitalization of Brady Corporation is 2.865B.

When is the next earnings date for Brady Corporation?
The upcoming earnings date for Brady Corporation is May 16, 2024.
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About Brady Corporation

Brady Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners f... BRC Profile

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