Brown & Brown Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Brown & Brown Inc stock after gaining 0.606%
(Updated on Jul 02, 2024)
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 $89.04 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 12.93% during the next 3 months and, with a 90% probability hold a price between $100.55 and $106.59 at the end of this 3-month period.
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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.
Golden Star 12 Months
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
Fair opening price July 3, 2024 | Current price |
---|---|
$89.21 ( 0.487%) | $89.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 90.58 | 1.04% |
R2 | 90.06 | 0.457% |
R1 | 89.74 | 0.0967% |
Price | 89.65 | |
S1 | 88.69 | -1.07% |
S2 | 88.37 | -1.43% |
S3 | 87.84 | -2.02% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 92.00 | 2.62% |
R2 | 91.16 | 1.68% |
R1 | 89.85 | 0.223% |
Price | 89.65 | |
S1 | 89.41 | -0.268% |
S2 | 87.47 | -2.43% |
S3 | 81.54 | -9.05% |
BRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | May 03, 2024 | May 15, 2024 | $0.130 | 0.147% |
2 | Jan 17, 2024 | Feb 01, 2024 | Feb 14, 2024 | $0.130 | 0.158% |
3 | Oct 18, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.130 | 0.180% |
4 | Jul 19, 2023 | Aug 08, 2023 | Aug 16, 2023 | $0.115 | 0.159% |
5 | Apr 24, 2023 | May 05, 2023 | May 17, 2023 | $0.115 | 0.176% |
FAQ
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