Brady Corporation Stock Forecast
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:
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
Weaker technical forecast for Brady Corporation as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
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
# | 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
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