Barrister Glbl Svcs Ntwrk Stock Forecast

Barrister Glbl Svcs Ntwrk stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)

BRTR Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.757%. Further rise is indicated until a new top pivot has been found. Barrister Glbl Svcs Ntwrk has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barrister Glbl Svcs Ntwrk 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 $50.13 and $50.13. A break-up above any of these levels will issue buy signals. 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, June 11, 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 Barrister Glbl Svcs Ntwrk stock

Barrister Glbl Svcs Ntwrk finds support from accumulated volume at $49.91 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 $0.0241 between high and low, or 0.0482%. For the last week the stock has had daily average volatility of 0.276%.

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

Trading Expectations (BRTR) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Barrister Glbl Svcs Ntwrk to open at $50.04, and during the day (based on 14 day Average True Range), to move between $49.83 and $50.24, which gives a possible trading interval of +/-$0.206 (+/-0.41%) up or down from last closing price. If Barrister Glbl Svcs Ntwrk takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $49.91 (0.26%) than the resistance at $50.26 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Barrister Glbl Svcs Ntwrk stock A Buy?

Barrister Glbl Svcs Ntwrk holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.095 Sell Candidate Downgraded

Predicted Opening Price for Barrister Glbl Svcs Ntwrk of Friday, July 5, 2024

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