Brown & Brown Inc Stock Forecast

Green day on Tuesday for Brown & Brown Inc stock after gaining 0.606%
(Updated on Jul 02, 2024)

BRO Signals & Forecast

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 Brown & Brown Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $90.48 and $89.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -3.95%. 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). The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Brown & Brown Inc stock

Brown & Brown Inc finds support from accumulated volume at $89.41 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 $1.37 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.49%.

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

Trading Expectations (BRO) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Brown & Brown Inc to open at $89.21, and during the day (based on 14 day Average True Range), to move between $88.26 and $91.04, which gives a possible trading interval of +/-$1.39 (+/-1.56%) up or down from last closing price. If Brown & Brown Inc takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $89.85 (0.22%) than the support at $89.41 (0.27%), 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 Brown & Brown Inc stock A Buy?

The Brown & Brown Inc stock holds several negative signals and despite the positive trend, we believe Brown & Brown Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.560 Sell Candidate Unchanged

Predicted Opening Price for Brown & Brown Inc of Wednesday, July 3, 2024

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