Brp Group Inc. Stock Forecast
Green day on Friday for Brp Group Inc.
(Updated on May 03, 2024)
The Brp Group Inc. stock price gained 0.88% on the last trading day (Friday, 3rd May 2024), rising from $27.30 to $27.54. During the last trading day the stock fluctuated 2.32% from a day low at $27.21 to a day high of $27.84. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 122 thousand shares were bought and sold for approximately $3.36 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 in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.64% during the next 3 months and, with a 90% probability hold a price between $25.94 and $34.34 at the end of this 3-month period.
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BRP Signals & Forecast
There are mixed signals in the stock today. The Brp Group Inc. 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 $28.02. On a fall, the stock will find some support from the short-term average at $26.96. 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 Wednesday, March 13, 2024, and so far it has fallen -9.97%. Further fall is indicated until a new bottom 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 Brp Group Inc. stock
Brp Group Inc. finds support from accumulated volume at $26.56 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 $0.630 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Brp Group Inc. to open at $27.53, and during the day (based on 14 day Average True Range), to move between $26.67 and $28.41, which gives a possible trading interval of +/-$0.87 (+/-3.14%) up or down from last closing price. If Brp Group Inc. takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.82 (1.02%) than the support at $26.56 (3.56%), 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.
Earnings coming up
Brp Group Inc. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.510. We will update the financials statements for Brp Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.12% in the first trading day after earnings release.
Is Brp Group Inc. stock A Buy?
Brp Group Inc. 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: -3.345 Sell Candidate Unchanged
Predicted Opening Price for Brp Group Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $27.53 ( 0.0364%) | $27.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.16 | 2.25 % | |
| R2 | 27.92 | 1.38 % | ||
| R1 | 27.77 | 0.84 % | ||
| Current price: | 27.54 | |||
| Support | S1 | 27.29 | -0.91 % | |
| S2 | 27.14 | -1.45 % | ||
| S3 | 26.90 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.76 | 8.06 % | |
| R2 | 27.94 | 1.45 % | ||
| R1 | 27.82 | 1.02 % | ||
| Current price | 27.54 | |||
| Support | S1 | 26.56 | -3.56% | |
| S2 | 26.47 | -3.89% | ||
| S3 | 24.59 | -10.71% |
BRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 30, 2008 | Dec 30, 2008 | Aug 17, 2009 | $0.500 | 0% |
FAQ
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