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Stop-loss: $13.78 (-4.12%)
Key Stats
P/E Ratio 12.30
Beta 0.85
Trailing Dividend Rate 3.2% ($0.46)
Next Dividend Date August 12, 2021
* 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 48 and the stock is currently not being overbought or oversold

Brookline Bancorp stock price ended on $14.37 on Friday after gaining 0.56% (Updated on July 30, 2021)


Hold candidate since 2021-07-28 Gain 3.46%

The Brookline Bancorp stock price gained 0.56% on the last trading day (Friday, 30th Jul 2021), rising from $14.29 to $14.37. , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.73% from a day low at $14.31 to a day high of $14.70. The price has risen in 8 of the last 10 days and is up by 4.21% over the past 2 weeks. Volume fell on the last day by -88 thousand shares and in total, 380 thousand shares were bought and sold for approximately $5.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and 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 $14.71 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 -20.00% during the next 3 months and, with a 90% probability hold a price between $10.37 and $11.76 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 6.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $14.69. On a fall, the stock will find some support from the short-term average at $13.87. 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

Brookline Bancorp finds support from accumulated volume at $14.29 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 $0.39 between high and low, or 2.73%. For the last week, the stock has had a daily average volatility of 2.74%.

Since the Brookline Bancorp has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $13.78 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is Brookline Bancorp stock A Buy?

Brookline Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.047

Predicted Opening Price for Brookline Bancorp of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$14.46 $14.37 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

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

Volatility
2.74 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.01
Price: $14.37
Support: $14.29

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.85 3.35 %
14.70 2.31 %
14.61 1.67 %
Current price: 14.37
Support 14.31 -0.41 %
14.22 -1.05 %
14.07 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 16.25 13.08 %
15.63 8.77 %
15.01 4.45 %
Current price 14.37
Support 14.29 -0.56%
14.00 -2.57%
13.50 -6.05%

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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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