N Brown Group plc Stock Forecast
A very strong day for N Brown Group plc stock price on Tuesday
(Updated on Jul 02, 2024)
The N Brown Group plc stock price gained 7.28% on the last trading day (Tuesday, 2nd Jul 2024), rising from £19.58 to £21.00. During the last trading day the stock fluctuated 9.16% from a day low at £19.24 to a day high of £21.00. The price has fallen in 5 of the last 10 days but is still up by 3.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately £1.20 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £22.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 36.01% during the next 3 months and, with a 90% probability hold a price between £21.79 and £29.99 at the end of this 3-month period.
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BWNG.L Signals & Forecast
The N Brown Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £19.77 and £17.29. A breakdown below any of these levels will issue sell signals. N Brown Group plc 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. Higher liquidity also reduces the general risk. 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 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for N Brown Group plc stock
N Brown Group plc finds support from accumulated volume at £20.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £1.76 between high and low, or 9.16%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: £20.21 (-3.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BWNG.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect N Brown Group plc to open at £20.41, and during the day (based on 14 day Average True Range), to move between £19.60 and £22.40, which gives a possible trading interval of +/-£1.40 (+/-6.68%) 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 13.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £20.00, some £1.00 (4.76%) from the current price of £21.00, our system finds the risk reward attractive.
Is N Brown Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for N Brown Group plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.336 Buy Candidate Upgraded
Predicted Opening Price for N Brown Group plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £20.41 ( 2.80%) | £21.00 |
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 | |
|---|---|---|
| R3 | 22.18 | 5.60% |
| R2 | 21.50 | 2.39% |
| R1 | 21.09 | 0.408% |
| Price | 21.00 | |
| S1 | 19.74 | -6.00% |
| S2 | 19.32 | -7.98% |
| S3 | 18.65 | -11.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 21.00 | |
| S1 | 20.00 | -4.76% |
| S2 | 19.75 | -5.95% |
| S3 | 18.20 | -13.33% |
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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