Brixmor Property Group Inc Stock Forecast
Brixmor Property Group Inc stock price down 1.84% on Tuesday
(Updated on Jun 25, 2024)
The Brixmor Property Group Inc stock price fell by -1.84% on the last day (Tuesday, 25th Jun 2024) from $22.81 to $22.39. During the last trading day the stock fluctuated 2.46% from a day low at $22.32 to a day high of $22.87. The price has risen in 7 of the last 10 days and is up by 0.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -102 thousand shares and in total, 1 million shares were bought and sold for approximately $23.03 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brixmor Property Group Inc stock with a 90% probability to be traded between $21.64 and $23.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BRX Signals & Forecast
The Brixmor Property Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.44. On a fall, the stock will find some support from the long-term average at approximately $22.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Brixmor Property Group Inc stock
Brixmor Property Group Inc finds support from accumulated volume at $22.36 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 $0.550 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $21.27 (-5.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (BRX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Brixmor Property Group Inc to open at $22.53, and during the day (based on 14 day Average True Range), to move between $22.00 and $22.78, which gives a possible trading interval of +/-$0.390 (+/-1.74%) up or down from last closing price. If Brixmor Property Group Inc takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.42 (0.13%) than the support at $22.36 (0.13%), 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 Brixmor Property Group Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Brixmor Property Group Inc stock to perform well in the short-term period.
Current score: 1.360 Buy Candidate Unchanged
Predicted Opening Price for Brixmor Property Group Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $22.53 ( 0.610%) | $22.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.08 | 3.07% |
| R2 | 22.87 | 2.13% |
| R1 | 22.74 | 1.55% |
| Price | 22.39 | |
| S1 | 22.32 | -0.328% |
| S2 | 22.19 | -0.91% |
| S3 | 21.98 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.50 | 0.491% |
| R2 | 22.49 | 0.447% |
| R1 | 22.42 | 0.134% |
| Price | 22.39 | |
| S1 | 22.36 | -0.134% |
| S2 | 22.19 | -0.89% |
| S3 | 21.44 | -4.24% |
BRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 15, 2024 | $0.273 | 1.22% |
| 2 | Apr 29, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.273 | 1.22% |
| 3 | Feb 12, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.273 | 1.28% |
| 4 | Oct 30, 2023 | Jan 02, 2024 | Jan 16, 2024 | $0.270 | 1.20% |
| 5 | Jul 31, 2023 | Oct 02, 2023 | Oct 16, 2023 | $0.260 | 1.27% |
FAQ
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