Brooks Macdonald Group plc Stock Forecast
Brooks Macdonald Group plc stock price up 3.87% on Monday
(Updated on Apr 29, 2024)
The Brooks Macdonald Group plc stock price gained 3.87% on the last trading day (Monday, 29th Apr 2024), rising from £1,810.00 to £1,880.00. During the last trading day the stock fluctuated 3.44% from a day low at £1,817.50 to a day high of £1,880.00. The price has fallen in 5 of the last 10 days but is still up by 2.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately £41.22 million.
The stock lies in the upper part of a wide and weak rising 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 £1,886.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.66% during the next 3 months and, with a 90% probability hold a price between £1,751.71 and £1,955.57 at the end of this 3-month period.
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BRK.L Signals & Forecast
The Brooks Macdonald Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,838.57 and £1,805.49. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Brooks Macdonald Group plc stock
Brooks Macdonald Group plc finds support from accumulated volume at £1,860.00 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 £62.50 between high and low, or 3.44%. For the last week the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: £1,808.56 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (BRK.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Brooks Macdonald Group plc to open at £1,859.17, and during the day (based on 14 day Average True Range), to move between £1,804.02 and £1,955.98, which gives a possible trading interval of +/-£75.98 (+/-4.04%) up or down from last closing price. If Brooks Macdonald Group plc takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,860.00, some £20.00 (1.06%) from the current price of £1,880.00, our system finds the risk reward attractive.
Is Brooks Macdonald Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Brooks Macdonald Group plc stock to perform well in the short-term.
Current score: 3.957 Buy Candidate Unchanged
Predicted Opening Price for Brooks Macdonald Group plc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| £1,859.17 ( 1.11%) | £1,880.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,921.67 | 2.22 % | |
| R2 | 1,897.79 | 0.95 % | ||
| R1 | 1,883.04 | 0.162 % | ||
| Current price: | 1,880.00 | |||
| Support | S1 | 1,835.29 | -2.38 % | |
| S2 | 1,820.54 | -3.16 % | ||
| S3 | 1,796.67 | -4.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,880.00 | |||
| Support | S1 | 1,860.00 | -1.06% | |
| S2 | 1,800.00 | -4.26% | ||
| S3 | 1,790.00 | -4.79% |
BRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 16, 2024 | £29.00 | 1.59% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £47.00 | 2.60% |
| 3 | Mar 02, 2023 | Mar 09, 2023 | Apr 06, 2023 | £28.00 | 1.53% |
| 4 | Sep 15, 2022 | Sep 22, 2022 | Nov 04, 2022 | £45.00 | 2.31% |
| 5 | Mar 10, 2022 | Mar 17, 2022 | Apr 14, 2022 | £26.00 | 1.07% |
FAQ
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