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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BRKL
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Green day on Thursday for Brookline Bancorp
(Updated on Feb 29, 2024)

Sell candidate since Feb 26, 2024 Gain 0.41% PDF
The Brookline Bancorp stock price gained 1.35% on the last trading day (Thursday, 29th Feb 2024), rising from $9.64 to $9.77. During the last trading day the stock fluctuated 2.78% from a day low at $9.72 to a day high of $9.99. The price has fallen in 6 of the last 10 days and is down by -0.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 352 thousand shares were bought and sold for approximately $3.43 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.58% during the next 3 months and, with a 90% probability hold a price between $9.09 and $10.61 at the end of this 3-month period.

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BRKL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 1.35%. 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). 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. The Brookline Bancorp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.29. On a fall, the stock will find some support from the short-term average at $9.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Brookline Bancorp stock

Brookline Bancorp finds support from accumulated volume at $9.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.270 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 2.32%.

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

Trading Expectations (BRKL) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Brookline Bancorp to open at $9.83, and during the day (based on 14 day Average True Range), to move between $9.43 and $10.11, which gives a possible trading interval of +/-$0.340 (+/-3.48%) up or down from last closing price. If Brookline Bancorp takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.75 (0.20%) than the resistance at $10.86 (11.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brookline Bancorp stock A Buy?

Brookline Bancorp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.047 Sell Candidate Unchanged

Predicted Opening Price for Brookline Bancorp of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$9.83 ( 0.580%) $9.77

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.10 3.34 %
R2 9.99 2.29 %
R1 9.93 1.64 %
Current price: 9.77
Support S1 9.72 -0.476 %
S2 9.66 -1.13 %
S3 9.56 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.02 12.79 %
R2 10.94 11.98 %
R1 10.86 11.16 %
Current price 9.77
Support S1 9.75 -0.205%
S2 9.73 -0.409%
S3 9.69 -0.82%

FAQ

What is the symbol for Brookline Bancorp Stock and on which exchange is it traded?
The symbol for Brookline Bancorp is BRKL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Brookline Bancorp Stock?
Brookline Bancorp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Brookline Bancorp Stock?
Brookline Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brookline Bancorp Stock.

What's the current price of Brookline Bancorp Stock?
As of the end of day on the 2024-02-29, the price of an Brookline Bancorp (BRKL) share was $9.77.

What is the 52-week high and low for Brookline Bancorp Stock?
The 52-week high for Brookline Bancorp Stock is $12.93 and the 52-week low is $7.00.

What is the market capitalization of Brookline Bancorp Stock?
As of the 2024-02-29, the market capitalization of Brookline Bancorp is 868.5M.

When is the next earnings date for Brookline Bancorp?
The upcoming earnings date for Brookline Bancorp is Apr 24, 2024.

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About Brookline Bancorp

Brookline Ban Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loa... BRKL Profile

BRKL Dividend Data

5.80%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.135
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