Global Brass and Copper Holdings Inc Forecast and Stock Analysis
Technical BRSS stock analysis for Friday May 24, 2019.
|Shorts||1.39% ( 2019-04-15 )|
|Price to book||USD 4.75|
|Next Earnings Date||2019-08-01|
No changes to the price of Global Brass and Copper Holdings Inc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $43.12 to a day high of $43.12. The price has risen in 5 of the last 10 days , but is still down by -0.48% for this period.
- 30 day high of the BRSS stock price was $43.88 and low was $42.91.
- 90 day high was $44.08 and low was $31.63.
- 52 week high for the Global Brass and Copper Holdings Inc - $44.08 and low - $24.06.
Global Brass and Copper Holdings Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $42.44 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.85% during the next 3 months and, with 90% probability hold a price between $61.89 and $69.59 at the end of this period.
Global Brass and Copper Holdings Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $43.12 and $42.66. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 17, 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 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.
Support & Resistance
Global Brass and Copper Holdings Inc finds support from accumulated volume at $43.10.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.28%.
Global Brass and Copper Holdings Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $40.37 (-6.38%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 29 which reduces the risk some. There is a buy signal from pivot bottom found 5 days ago.)
0.28 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
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|BRSS $43.12 ($0.00 0.00%)|
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