Brim hf. Stock Forecast
Brim hf. stock price ended at 77.00 Íkr on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of Brim hf. stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0.654% from a day low at 76.50 Íkr to a day high of 77.00 Íkr. The price has fallen in 4 of the last 10 days and is down by -3.27% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 76.80 Íkr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.99% during the next 3 months and, with a 90% probability hold a price between 71.44 Íkr and 76.24 Íkr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BRIM.IC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brim hf. 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 78.06 Íkr and 80.69 Íkr. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Brim hf. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.500 Íkr between high and low, or 0.654%. For the last week the stock has had daily average volatility of 0.622%.
Brim hf. is oversold on RSI14 (18). 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 negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRIM.IC) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Brim hf. to open at 76.83 Íkr, and during the day (based on 14 day Average True Range), to move between 76.26 Íkr and 77.74 Íkr, which gives a possible trading interval of +/-0.742 Íkr (+/-0.96%) up or down from last closing price. If Brim hf. takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 82.80 Íkr, some 5.80 Íkr (7.53%) from the current price of 77.00 Íkr, our system finds the risk reward not very attractive.
Is Brim hf. stock A Buy?
Brim hf. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.166 Sell Candidate Unchanged
Predicted Opening Price for Brim hf. of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
76.83 Íkr ( 0.216%) | 77.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRIM.IC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.33 | 0.433 % | |
R2 | 77.14 | 0.185 % | ||
R1 | 77.02 | 0.0316 % | ||
Current price: | 77.00 | |||
Support | S1 | 76.64 | -0.465 % | |
S2 | 76.52 | -0.618 % | ||
S3 | 76.33 | -0.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 86.60 | 12.47 % | |
R2 | 86.40 | 12.21 % | ||
R1 | 82.80 | 7.53 % | ||
Current price | 77.00 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
BRIM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Apr 30, 2024 | 2.00 Íkr | 2.60% |
2 | May 07, 2018 | May 07, 2018 | May 07, 2018 | 0.700 Íkr | 2.03% |
3 | May 08, 2017 | May 08, 2017 | May 08, 2017 | 1.00 Íkr | 3.21% |
4 | Apr 04, 2016 | Apr 04, 2016 | Apr 04, 2016 | 1.70 Íkr | 4.57% |
5 | Apr 13, 2015 | Apr 13, 2015 | Apr 13, 2015 | 1.50 Íkr | 4.04% |
FAQ
Click here for our free guide on how to buy Brim hf. Stock.