Brim hf. Stock Forecast
Brim hf. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
No changes to the price of Brim hf. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at 77.60 Íkr to a day high of 77.60 Íkr. The price has fallen in 4 of the last 10 days and is down by -0.77% for this period.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 78.11 Íkr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.32% during the next 3 months and, with a 90% probability hold a price between 67.13 Íkr and 70.84 Íkr 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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BRIM.IC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 1.70%. 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 Brim hf. 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 77.83 Íkr and 78.13 Íkr. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Brim hf. stock
Brim hf. finds support from accumulated volume at 77.50 Íkr 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 Íkr between high and low, or 0%. For the last week the stock has had daily average volatility of 0.154%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRIM.IC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Brim hf. to open at 77.60 Íkr, and during the day (based on 14 day Average True Range), to move between 77.13 Íkr and 78.07 Íkr, which gives a possible trading interval of +/-0.471 Íkr (+/-0.61%) up or down from last closing price. If Brim hf. takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 77.50 Íkr (0.13%) than the resistance at 78.00 Íkr (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brim hf. stock A Buy?
Brim hf. holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -1.879 Sell Candidate Downgraded
Predicted Opening Price for Brim hf. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 77.60 Íkr ( 0%) | 77.60 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRIM.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.60 | . | |
| R2 | 77.60 | . | ||
| R1 | 77.60 | . | ||
| Current price: | 77.60 | |||
| Support | S1 | 77.60 | . | |
| S2 | 77.60 | . | ||
| S3 | 77.60 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.80 | 7.99 % | |
| R2 | 82.40 | 6.19 % | ||
| R1 | 78.00 | 0.515 % | ||
| Current price | 77.60 | |||
| Support | S1 | 77.50 | -0.129% | |
| S2 | 77.00 | -0.773% | ||
| S3 | 76.40 | -1.55% |
BRIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 30, 2024 | 2.00 Íkr | 2.58% |
| 2 | May 07, 2018 | May 07, 2018 | May 07, 2018 | 0.700 Íkr | 2.03% |
| 3 | May 08, 2017 | May 08, 2017 | May 08, 2017 | 1.00 Íkr | 3.21% |
| 4 | Apr 04, 2016 | Apr 04, 2016 | Apr 04, 2016 | 1.70 Íkr | 4.57% |
| 5 | Apr 13, 2015 | Apr 13, 2015 | Apr 13, 2015 | 1.50 Íkr | 4.04% |
FAQ
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