BRP Inc. Stock Forecast
Red day on Monday for BRP Inc. stock after losing 0.0954%
(Updated on May 06, 2024)
The BRP Inc. stock price fell by -0.0954% on the last day (Monday, 6th May 2024) from $94.30 to $94.21. During the last trading day the stock fluctuated 1.85% from a day low at $93.57 to a day high of $95.30. The price has fallen in 6 of the last 10 days but is still up by 0.18% over the past 2 weeks. Volume has increased on the last day by 2 thousand 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, 86 thousand shares were bought and sold for approximately $8.13 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.48% during the next 3 months and, with a 90% probability hold a price between $94.81 and $113.44 at the end of this 3-month period.
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DOO.TO Signals & Forecast
The BRP Inc. 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 $93.63 and $93.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.82%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 BRP Inc. stock
BRP Inc. finds support from accumulated volume at $92.83 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 $1.73 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $89.80 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (DOO.TO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BRP Inc. to open at $94.36, and during the day (based on 14 day Average True Range), to move between $91.35 and $97.07, which gives a possible trading interval of +/-$2.86 (+/-3.03%) up or down from last closing price. If BRP Inc. takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $92.83 (1.46%) than the resistance at $98.02 (4.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BRP Inc. 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 BRP Inc. stock to perform well in the short-term.
Current score: 3.364 Buy Candidate Unchanged
Predicted Opening Price for BRP Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $94.36 ( 0.159%) | $94.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOO.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.09 | 2.00 % | |
| R2 | 95.43 | 1.29 % | ||
| R1 | 95.02 | 0.86 % | ||
| Current price: | 94.21 | |||
| Support | S1 | 93.70 | -0.542 % | |
| S2 | 93.29 | -0.98 % | ||
| S3 | 92.63 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.36 | 7.59 % | |
| R2 | 99.46 | 5.57 % | ||
| R1 | 98.02 | 4.04 % | ||
| Current price | 94.21 | |||
| Support | S1 | 92.83 | -1.46% | |
| S2 | 90.95 | -3.46% | ||
| S3 | 84.43 | -10.38% |
DOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 22, 2024 | $0.210 | 0.223% |
| 2 | Nov 30, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.180 | 0.203% |
| 3 | Sep 06, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.180 | 0.174% |
| 4 | May 31, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.180 | 0.167% |
| 5 | Mar 22, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.180 | 0.175% |
FAQ
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