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$15.71 (-0.76%)

Volume: 166k

Closed: Dec 07, 2021

Hollow Logo Score: -3.150

Brookline Bancorp Stock Forecast

$15.71 (-0.76%)

Volume: 166k

Closed: Dec 07, 2021

Score Hollow Logo -3.150
Which way will BRKL go? Request
Key Stats
P/E Ratio 10.82
Beta 0.88
Trailing Dividend Rate 3% ($0.47)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Brookline Bancorp stock price ended on $15.71 on Tuesday after losing 0.76%
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-02 Loss -0.57%

The Brookline Bancorp stock price fell by -0.76% on the last day (Tuesday, 7th Dec 2021) from $15.83 to $15.71. During the day the stock fluctuated 2.24% from a day low at $15.60 to a day high of $15.95. The price has fallen in 7 of the last 10 days and is down by -5.36% 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 -38 thousand shares and in total, 166 thousand shares were bought and sold for approximately $2.61 million.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.54 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.4% during the next 3 months and, with a 90% probability hold a price between $17.62 and $19.34 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. 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 $16.19. On a fall, the stock will find some support from the short-term average at $15.62. 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. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -6.32%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Brookline Bancorp finds support from accumulated volume at $15.41 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 $0.35 between high and low, or 2.24%. For the last week, the stock has had a daily average volatility of 3.29%.

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

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: -3.150

Predicted Opening Price for Brookline Bancorp of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$15.75 $15.71 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Jul 29, 2021 "Piper Sandler" gave "" rating for BRKL. The price target was set to $14.31+3.0%.

Volatility and Risk
Daily Average Volatility: 3.29 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.29 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.90
Price: $15.71
Support: $15.41

BRKL Insider Trading Show all Trades

INSIDER POWER

1.371

Last 100 transactions
Buy: 264 557 | Sell: 193 018 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 3 000 Hackett John A Common
Nov 10, 2021 Sell 3 000 Mccurdy Michael W. Common
Aug 10, 2021 Buy 3 000 Doyle John J Jr Common
Aug 10, 2021 Sell 3 000 Doyle John J Jr Common
Aug 09, 2021 Sell 6 091 Rose M Robert Common
Show all Insider Trades
INSIDER POWER

1.371

Last 100 transactions
Buy: 264 557 | Sell: 193 018 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.10 2.50 %
15.97 1.65 %
15.89 1.13 %
Current price: 15.71
Support 15.62 -0.58 %
15.54 -1.10 %
15.40 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 16.77 6.75 %
16.48 4.90 %
15.90 1.21 %
Current price 15.71
Support 15.41 -1.91%
14.85 -5.47%
14.13 -10.06%

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About Brookline Bancorp

Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and individual customers. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. The company also offers loans, such as first mortgage loans se... Read more

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