N Brown Group plc Stock Forecast
Red day on Friday for N Brown Group plc stock after losing 1.31%
(Updated on Mar 15, 2024)
The N Brown Group plc stock price fell by -1.31% on the last day (Friday, 15th Mar 2024) from £17.13 to £16.90. During the last trading day the stock fluctuated 2.68% from a day low at £16.80 to a day high of £17.25. The price has fallen in 5 of the last 10 days and is down by -1.17% for this period. 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 -114 thousand shares and in total, 171 thousand shares were bought and sold for approximately £2.89 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 -2.22% during the next 3 months and, with a 90% probability hold a price between £14.79 and £18.19 at the end of this 3-month period.
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BWNG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 2.42%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The N Brown Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £17.20 and £17.40. 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). 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 N Brown Group plc stock
N Brown Group plc finds support from accumulated volume at £16.85 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 £0.450 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 6.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BWNG.L) For The Upcoming Trading Day Of Monday 18th
For the upcoming trading day on Monday, 18th we expect N Brown Group plc to open at £16.98, and during the day (based on 14 day Average True Range), to move between £15.83 and £17.97, which gives a possible trading interval of +/-£1.07 (+/-6.35%) up or down from last closing price. If N Brown Group plc takes out the full calculated possible swing range there will be an estimated 12.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £16.85 (0.30%) than the resistance at £17.30 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is N Brown Group plc stock A Buy?
N Brown Group plc holds several negative signals and is within a wide 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.
Current score: -3.128 Sell Candidate Unchanged
Predicted Opening Price for N Brown Group plc of Monday, March 18, 2024
Fair opening price March 18, 2024 | Current price |
---|---|
£16.98 ( 0.493%) | £16.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWNG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.43 | 3.16 % | |
R2 | 17.26 | 2.14 % | ||
R1 | 17.16 | 1.51 % | ||
Current price: | 16.90 | |||
Support | S1 | 16.81 | -0.524 % | |
S2 | 16.71 | -1.15 % | ||
S3 | 16.53 | -2.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.80 | 5.33 % | |
R2 | 17.60 | 4.14 % | ||
R1 | 17.30 | 2.37 % | ||
Current price | 16.90 | |||
Support | S1 | 16.85 | -0.296% | |
S2 | 16.80 | -0.592% | ||
S3 | 16.50 | -2.37% |
BWNG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 10, 2019 | Jan 02, 2020 | Feb 05, 2020 | £2.79 | 3.52% |
2 | May 02, 2019 | Jul 04, 2019 | Aug 02, 2019 | £4.22 | 3.72% |
3 | Oct 11, 2018 | Dec 13, 2018 | Jan 11, 2019 | £2.79 | 2.90% |
4 | Apr 26, 2018 | Jul 05, 2018 | Aug 03, 2018 | £8.45 | 5.76% |
5 | Oct 12, 2017 | Dec 14, 2017 | Jan 12, 2018 | £5.60 | 1.97% |
FAQ
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