Breedon Group Plc Stock Forecast
Red day on Friday for Breedon Group Plc stock after losing 1.46%
(Updated on Apr 19, 2024)
The Breedon Group Plc stock price fell by -1.46% on the last day (Friday, 19th Apr 2024) from £377.50 to £372.00. During the last trading day the stock fluctuated 1.62% from a day low at £370.00 to a day high of £376.00. The price has been going up and down for this period, and there has been a -4.12% loss for the last 2 weeks. 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 -650 thousand shares and in total, 418 thousand shares were bought and sold for approximately £155.56 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £367.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.60% during the next 3 months and, with a 90% probability hold a price between £384.77 and £422.06 at the end of this 3-month period.
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BREE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.36%. 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 Breedon 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 £372.00 and £378.90. 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 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 Breedon Group Plc stock
Breedon Group Plc finds support from accumulated volume at £370.50 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 £6.00 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BREE.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Breedon Group Plc to open at £372.67, and during the day (based on 14 day Average True Range), to move between £361.76 and £382.24, which gives a possible trading interval of +/-£10.24 (+/-2.75%) up or down from last closing price. If Breedon Group Plc takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £370.50 (0.40%) than the resistance at £374.50 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Breedon Group Plc stock A Buy?
The Breedon Group Plc stock holds several negative signals and despite the positive trend, we believe Breedon Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.808 Sell Candidate Unchanged
Predicted Opening Price for Breedon Group Plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £372.67 ( 0.179%) | £372.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BREE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 378.67 | 1.79 % | |
| R2 | 376.37 | 1.18 % | ||
| R1 | 374.96 | 0.795 % | ||
| Current price: | 372.00 | |||
| Support | S1 | 370.37 | -0.437 % | |
| S2 | 368.96 | -0.82 % | ||
| S3 | 366.67 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 390.00 | 4.84 % | |
| R2 | 380.00 | 2.15 % | ||
| R1 | 374.50 | 0.672 % | ||
| Current price | 372.00 | |||
| Support | S1 | 370.50 | -0.403% | |
| S2 | 369.00 | -0.81% | ||
| S3 | 366.00 | -1.61% |
BREE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 17, 2024 | £9.50 | 2.55% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £7.00 | 1.97% |
| 3 | Jul 27, 2022 | Aug 25, 2022 | Sep 30, 2022 | £0.700 | 0.263% |
| 4 | Mar 22, 2022 | Apr 21, 2022 | May 20, 2022 | £1.10 | 0.325% |
| 5 | Jul 22, 2021 | Aug 12, 2021 | Sep 10, 2021 | £0.500 | 0.102% |
FAQ
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