Brunswick Corporation Stock Forecast
Red day on Thursday for Brunswick Corporation
(Updated on Apr 18, 2024)
The Brunswick Corporation stock price fell by -0.89% on the last day (Thursday, 18th Apr 2024) from $82.82 to $82.08. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at $81.67 to a day high of $83.53. The price has fallen in 8 of the last 10 days and is down by -12.1% 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 -131 thousand shares and in total, 588 thousand shares were bought and sold for approximately $48.26 million.
Given the current short-term trend, the stock is expected to rise 7.90% during the next 3 months and, with a 90% probability hold a price between $88.56 and $105.90 at the end of this 3-month period.
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BC Signals & Forecast
There are few to no technical positive signals at the moment. The Brunswick Corporation 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 $85.97 and $90.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.96%. 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). 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 Brunswick Corporation stock
Brunswick Corporation finds support from accumulated volume at $80.68 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 $1.87 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 2.35%.
Brunswick Corporation is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Brunswick Corporation to open at $82.43, and during the day (based on 14 day Average True Range), to move between $79.96 and $84.20, which gives a possible trading interval of +/-$2.12 (+/-2.58%) up or down from last closing price. If Brunswick Corporation takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.27 (0.23%) than the support at $80.68 (1.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Brunswick Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.34. We will update the financials statements for Brunswick Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.30% in the first trading day after earnings release.
Is Brunswick Corporation stock A Buy?
The Brunswick Corporation stock holds several negative signals and despite the positive trend, we believe Brunswick Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.555 Sell Candidate Unchanged
Predicted Opening Price for Brunswick Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $82.43 ( 0.420%) | $82.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.29 | 2.69 % | |
| R2 | 83.58 | 1.82 % | ||
| R1 | 83.14 | 1.29 % | ||
| Current price: | 82.08 | |||
| Support | S1 | 81.71 | -0.448 % | |
| S2 | 81.27 | -0.98 % | ||
| S3 | 80.56 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.60 | 4.29 % | |
| R2 | 84.49 | 2.94 % | ||
| R1 | 82.27 | 0.231 % | ||
| Current price | 82.08 | |||
| Support | S1 | 80.68 | -1.71% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 15, 2024 | $0.420 | 0.480% |
| 2 | Oct 17, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.400 | 0.420% |
| 3 | Oct 17, 2023 | Nov 21, 2023 | Dec 15, 2023 | $0.400 | 0.420% |
| 4 | Jul 18, 2023 | Aug 22, 2023 | Sep 15, 2023 | $0.400 | 0.517% |
| 5 | May 03, 2023 | May 12, 2023 | Jun 15, 2023 | $0.400 | 0.463% |
FAQ
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