N Brown Group plc Stock Forecast

Green day on Wednesday for N Brown Group plc
(Updated on Apr 17, 2024)

BWNG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.56%. 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 £14.69 and £16.43. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for N Brown Group plc stock

N Brown Group plc finds support from accumulated volume at £14.15 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.740 between high and low, or 5.25%. For the last week the stock has had daily average volatility of 10.06%.

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 Thursday 18th

For the upcoming trading day on Thursday, 18th we expect N Brown Group plc to open at £14.50, and during the day (based on 14 day Average True Range), to move between £13.45 and £15.65, which gives a possible trading interval of +/-£1.10 (+/-7.55%) 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 15.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £14.15 (2.75%) than the resistance at £15.00 (3.09%), 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: -3.718 Sell Candidate Unchanged

Predicted Opening Price for N Brown Group plc of Thursday, April 18, 2024

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