Braveheart Investment Group Stock Forecast
Evaluation of Braveheart Investment Group stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Braveheart Investment Group stock price fell by -4.74% on the last day (Tuesday, 25th Jun 2024) from £4.72 to £4.50. During the last trading day the stock fluctuated 2.27% from a day low at £4.40 to a day high of £4.50. The price has fallen in 7 of the last 10 days and is down by -25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -48 thousand shares and in total, 19 thousand shares were bought and sold for approximately £87.17 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 -28.58% during the next 3 months and, with a 90% probability hold a price between £2.34 and £4.01 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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BRH.L Signals & Forecast
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 Braveheart Investment Group 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 £4.73 and £5.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Braveheart Investment Group stock
On the downside, the stock finds support just below today's level from accumulated volume at £4.25. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.1000 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 7.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRH.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Braveheart Investment Group to open at £4.47, and during the day (based on 14 day Average True Range), to move between £3.88 and £5.12, which gives a possible trading interval of +/-£0.617 (+/-13.72%) up or down from last closing price. If Braveheart Investment Group takes out the full calculated possible swing range there will be an estimated 27.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4.75 (5.56%) than the support at £4.25 (5.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Braveheart Investment Group will release earnings BMO on Monday, July 01, 2024. We will update the financials statements for Braveheart Investment Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.63% in the first trading day after earnings release.
Is Braveheart Investment Group stock A Buy?
Braveheart Investment Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.597 Strong Sell Candidate Downgraded
Predicted Opening Price for Braveheart Investment Group of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £4.47 ( 0.741%) | £4.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRH.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.57 | 1.48% |
| R2 | 4.53 | 0.633% |
| R1 | 4.50 | 0.108% |
| Price | 4.50 | |
| S1 | 4.43 | -1.59% |
| S2 | 4.40 | -2.11% |
| S3 | 4.37 | -2.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.50 | 22.22% |
| R2 | 5.00 | 11.11% |
| R1 | 4.75 | 5.56% |
| Price | 4.50 | |
| S1 | 4.25 | -5.56% |
| S2 | 0 | - |
| S3 | 0 | - |
BRH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 03, 2020 | Dec 10, 2020 | Jan 06, 2021 | £42.75 | 89.06% |
| 2 | Aug 01, 2019 | Sep 19, 2019 | Oct 11, 2019 | £0.500 | 4.44% |
FAQ
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