Brookline Bancorp Stock Forecast
Brookline Bancorp stock price ended at $8.66 on Tuesday, after gaining 0.93%.
(Updated on Jul 02, 2024)
The Brookline Bancorp stock price gained 0.93% on the last trading day (Tuesday, 2nd Jul 2024), rising from $8.58 to $8.66. During the last trading day the stock fluctuated 1.76% from a day low at $8.53 to a day high of $8.68. The price has risen in 6 of the last 10 days and is up by 4.09% over the past 2 weeks. Volume fell on the last day by -323 thousand shares and in total, 547 thousand shares were bought and sold for approximately $4.74 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 stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $8.58, a level that may pose a second chance to hit a runner. According to fan-theory $9.60 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BRKL Signals & Forecast
Mostly positive signals in the chart today. The Brookline Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.43 and $8.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.26%. 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 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.
Support, Risk & Stop-loss for Brookline Bancorp stock
Brookline Bancorp finds support from accumulated volume at $8.40 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 $0.150 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: $8.31 (-4.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (BRKL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Brookline Bancorp to open at $8.62, and during the day (based on 14 day Average True Range), to move between $8.43 and $8.89, which gives a possible trading interval of +/-$0.228 (+/-2.63%) up or down from last closing price. If Brookline Bancorp takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.79 (1.50%) than the support at $8.40 (3.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Brookline Bancorp stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 1.970 Buy Candidate Unchanged
Predicted Opening Price for Brookline Bancorp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $8.62 ( 0.423%) | $8.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRKL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.77 | 1.31% |
| R2 | 8.72 | 0.647% |
| R1 | 8.68 | 0.238% |
| Price | 8.66 | |
| S1 | 8.57 | -1.09% |
| S2 | 8.53 | -1.49% |
| S3 | 8.47 | -2.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.06 | 4.62% |
| R2 | 8.85 | 2.19% |
| R1 | 8.79 | 1.50% |
| Price | 8.66 | |
| S1 | 8.40 | -3.00% |
| S2 | 8.35 | -3.58% |
| S3 | 8.19 | -5.43% |
BRKL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.135 | 1.55% |
| 2 | Jan 24, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.135 | 1.38% |
| 3 | Oct 25, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.135 | 1.43% |
| 4 | Jul 26, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.135 | 1.43% |
| 5 | Apr 26, 2023 | May 11, 2023 | May 26, 2023 | $0.135 | 1.56% |
FAQ
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