Brambles Ltd Adr Stock Forecast
Brambles Ltd Adr stock price ended at $19.09 on Friday, after gaining 1.46%.
(Updated on May 03, 2024)
The Brambles Ltd Adr stock price gained 1.46% on the last trading day (Friday, 3rd May 2024), rising from $18.82 to $19.09. During the last trading day the stock fluctuated 0.685% from a day low at $18.99 to a day high of $19.12. The price has been going up and down for this period, and there has been a -4.93% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $560.52 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brambles Ltd Adr stock with a 90% probability to be traded between $18.58 and $21.15 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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BXBLY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. Brambles Ltd Adr 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. The Brambles Ltd Adr stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $20.02. On a fall, the stock will find some support from the short-term average at $18.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brambles Ltd Adr stock
Brambles Ltd Adr finds support from accumulated volume at $19.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 0.685%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: $18.09 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BXBLY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Brambles Ltd Adr to open at $19.07, and during the day (based on 14 day Average True Range), to move between $18.57 and $19.61, which gives a possible trading interval of +/-$0.515 (+/-2.70%) up or down from last closing price. If Brambles Ltd Adr takes out the full calculated possible swing range there will be an estimated 5.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.07 (0.10%) than the resistance at $20.15 (5.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brambles Ltd Adr stock A Buy?
Brambles Ltd Adr 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.
Current score: 0.147 Hold/Accumulate Unchanged
Predicted Opening Price for Brambles Ltd Adr of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $19.07 ( 0.122%) | $19.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXBLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.20 | 0.559 % | |
| R2 | 19.15 | 0.299 % | ||
| R1 | 19.12 | 0.138 % | ||
| Current price: | 19.09 | |||
| Support | S1 | 19.02 | -0.382 % | |
| S2 | 18.99 | -0.543 % | ||
| S3 | 18.94 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.98 | 9.88 % | |
| R2 | 20.61 | 7.96 % | ||
| R1 | 20.15 | 5.55 % | ||
| Current price | 19.09 | |||
| Support | S1 | 19.07 | -0.105% | |
| S2 | 18.79 | -1.57% | ||
| S3 | 18.75 | -1.78% |
BXBLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Mar 13, 2024 | Apr 18, 2024 | $0.283 | 1.41% |
| 2 | Aug 31, 2023 | Sep 13, 2023 | Oct 19, 2023 | $0.260 | 1.44% |
| 3 | May 28, 2023 | Mar 08, 2023 | Apr 20, 2023 | $0.238 | 1.26% |
| 4 | Sep 02, 2022 | Sep 07, 2022 | Oct 20, 2022 | $0.242 | 1.71% |
| 5 | Mar 04, 2022 | Mar 09, 2022 | Apr 21, 2022 | $0.215 | 1.37% |
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