Bruker Corporation Stock Forecast
Bruker Corporation stock price up 0.0852% on Thursday
(Updated on Mar 28, 2024)
The Bruker Corporation stock price gained 0.0852% on the last trading day (Thursday, 28th Mar 2024), rising from $93.86 to $93.94. During the last trading day the stock fluctuated 1.43% from a day low at $93.15 to a day high of $94.48. The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 thousand more shares were traded than the day before. In total, 373 thousand shares were bought and sold for approximately $35.05 million.
The stock lies in the middle of a wide and strong 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 43.50% during the next 3 months and, with a 90% probability hold a price between $123.37 and $138.72 at the end of this 3-month period.
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BRKR Signals & Forecast
The Bruker Corporation 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 $93.49 and $86.98. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.350%. 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).
Support, Risk & Stop-loss for Bruker Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $86.54 and $76.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bruker Corporation finds support just below today's level at $86.54. If this is broken, then the next support from accumulated volume will be at $76.79 and $71.94.
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 $1.33 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $90.38 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (BRKR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bruker Corporation to open at $93.86, and during the day (based on 14 day Average True Range), to move between $92.04 and $95.84, which gives a possible trading interval of +/-$1.90 (+/-2.02%) up or down from last closing price. If Bruker Corporation takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.27 (0.35%) than the support at $86.54 (7.88%), 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.
Is Bruker Corporation 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 Bruker Corporation stock to perform well in the short-term.
Current score: 2.241 Buy Candidate Unchanged
Predicted Opening Price for Bruker Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$93.86 ( 0.0887%) | $93.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.19 | 1.33 % | |
R2 | 94.68 | 0.786 % | ||
R1 | 94.36 | 0.452 % | ||
Current price: | 93.94 | |||
Support | S1 | 93.35 | -0.630 % | |
S2 | 93.03 | -0.96 % | ||
S3 | 92.53 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 94.27 | 0.351 % | ||
Current price | 93.94 | |||
Support | S1 | 86.54 | -7.88% | |
S2 | 76.79 | -18.26% | ||
S3 | 71.94 | -23.42% |
BRKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0500 | 0.0543% |
2 | Nov 20, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0500 | 0.0682% |
3 | Aug 09, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.0500 | 0.0753% |
4 | May 11, 2023 | May 31, 2023 | Jun 16, 2023 | $0.0500 | 0.0662% |
5 | Feb 16, 2023 | Feb 28, 2023 | Mar 17, 2023 | $0.0500 | 0.0693% |
FAQ
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