Brixmor Property Group 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:
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
Brixmor Property Group Inc stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The Brixmor Property Group Inc stock price fell by -1.03% on the last day (Friday, 3rd May 2024) from $22.42 to $22.19. During the last trading day the stock fluctuated 3.35% from a day low at $22.06 to a day high of $22.80. The price has risen in 6 of the last 10 days and is up by 3.35% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $105.41 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.93% during the next 3 months and, with a 90% probability hold a price between $19.77 and $21.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRX Signals & Forecast
The Brixmor Property Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.08 and $22.10. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Brixmor Property Group Inc stock
Brixmor Property Group Inc finds support from accumulated volume at $22.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.740 (3.35%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: $21.54 (-2.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BRX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Brixmor Property Group Inc to open at $22.35, and during the day (based on 14 day Average True Range), to move between $21.72 and $22.66, which gives a possible trading interval of +/-$0.470 (+/-2.12%) 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 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.15 (0.18%) than the resistance at $22.47 (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brixmor Property Group Inc stock A Buy?
Brixmor Property Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.303 Hold/Accumulate Downgraded
Predicted Opening Price for Brixmor Property Group Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $22.35 ( 0.721%) | $22.19 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 23.09 | 4.06 % | |
| R2 | 22.81 | 2.78 % | ||
| R1 | 22.63 | 1.99 % | ||
| Current price: | 22.19 | |||
| Support | S1 | 22.07 | -0.553 % | |
| S2 | 21.89 | -1.34 % | ||
| S3 | 21.61 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.86 | 3.02 % | |
| R2 | 22.61 | 1.89 % | ||
| R1 | 22.47 | 1.26 % | ||
| Current price | 22.19 | |||
| Support | S1 | 22.15 | -0.180% | |
| S2 | 22.10 | -0.406% | ||
| S3 | 22.01 | -0.81% |
BRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 15, 2024 | $0.273 | 1.23% |
| 2 | Apr 29, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.273 | 1.23% |
| 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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