BGG Forecast and Technical Stock Analysis
Sell candidate since 2019-12-03 Loss -0.76% PDF
Briggs & Stratton Corporation fell by -0.38% in the last day ( Monday, 9th Dec 2019 ) from $5.24 to $5.22 During the day the stock fluctuated 3.28% from a day low at $5.19 to a day high of $5.36. The price has fallen in 8 of the last 10 days and is down by -10% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -352 367 shares and in total 586 352 shares bought and sold for approximately $3.06 million.
- 30 day high of the BGG stock price was $7.56 and low was $5.02.
- 90 day high was $8.79 and low was $5.02.
- 52 week high for Briggs & Stratton Corporation - $14.51 and low - $3.96.
Briggs & Stratton Corporation is at the lower part of a very wide and horizontal trend on short term, and normally this may pose a good buying opportunity, though a break down through the bottom trend line at $5.12 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Briggs & Stratton Corporation with a 90% probability to be traded between $5.11 and $8.50 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday December 05, 2019, which indicates further gains 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. Briggs & Stratton Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $5.25 and $6.51. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Briggs & Stratton Corporation finds support from accumulated volume at $5.12.
This stock may move much during a 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 $0.17 between high and low, or 3.28%. For the last week, the stock has had a daily average volatility of 4.26%.
Briggs & Stratton Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.26 %Average volatility
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|BGG $5.22 ($-0.02 -0.38%)|
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