Brookside Energy Limited Stock Forecast

Brookside Energy Limited stock price ended at $0.0130 on Friday, after losing 0%.
(Updated on May 17, 2024)

BRK.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Brookside Energy Limited 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 $0.0130 and $0.0138. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -13.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Brookside Energy Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0120 and $0.0110. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0110 may give a huge drop in the stock price.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BRK.AX) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Brookside Energy Limited to open at $0.0130, and during the day (based on 14 day Average True Range), to move between $0.0124 and $0.0136, which gives a possible trading interval of +/-$0.0006 (+/-4.63%) up or down from last closing price. If Brookside Energy Limited takes out the full calculated possible swing range there will be an estimated 9.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0120 (7.69%) than the resistance at $0.0140 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brookside Energy Limited stock A Buy?

The Brookside Energy Limited stock holds several negative signals and despite the positive trend, we believe Brookside Energy Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.188 Sell Candidate Unchanged

Predicted Opening Price for Brookside Energy Limited of Monday, May 20, 2024

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