Brambles Ltd Adr Stock Forecast
Stronger technical forecast for Brambles Ltd Adr stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Brambles Ltd Adr stock price gained 3.70% on the last trading day (Wednesday, 27th Mar 2024), rising from $20.32 to $21.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.00% from a day low at $20.91 to a day high of $21.12. The price has been going up and down for this period, and there has been a 2.69% 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, 23 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $977.05 thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $21.36 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.83% during the next 3 months and, with a 90% probability hold a price between $22.21 and $23.88 at the end of this 3-month period.
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BXBLY Signals & Forecast
The Brambles Ltd Adr 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 $20.21 and $19.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 7.29%. Further rise is indicated until a new top pivot has been found. Brambles Ltd Adr has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brambles Ltd Adr stock
Brambles Ltd Adr finds support from accumulated volume at $20.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.210 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $20.25 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (BXBLY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Brambles Ltd Adr to open at $21.03, and during the day (based on 14 day Average True Range), to move between $20.61 and $21.54, which gives a possible trading interval of +/-$0.465 (+/-2.21%) up or down from last closing price. If Brambles Ltd Adr takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $20.15, some $0.92 (4.38%) from the current price of $21.07, our system finds the risk reward attractive.
Is Brambles Ltd Adr stock A Buy?
Brambles Ltd Adr holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.787 Strong Buy Candidate Upgraded
Predicted Opening Price for Brambles Ltd Adr of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$21.03 ( 0.182%) | $21.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXBLY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.24 | 0.81 % | |
R2 | 21.16 | 0.434 % | ||
R1 | 21.11 | 0.199 % | ||
Current price: | 21.07 | |||
Support | S1 | 20.95 | -0.563 % | |
S2 | 20.90 | -0.798 % | ||
S3 | 20.82 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 21.07 | |||
Support | S1 | 20.15 | -4.38% | |
S2 | 19.38 | -8.03% | ||
S3 | 19.06 | -9.55% |
BXBLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2024 | Mar 13, 2024 | Apr 18, 2024 | $0.283 | 1.34% |
2 | Aug 31, 2023 | Sep 13, 2023 | Oct 19, 2023 | $0.260 | 1.44% |
3 | May 28, 2023 | Mar 08, 2023 | Apr 20, 2023 | $0.238 | 1.26% |
4 | Sep 02, 2022 | Sep 07, 2022 | Oct 20, 2022 | $0.242 | 1.71% |
5 | Mar 04, 2022 | Mar 09, 2022 | Apr 21, 2022 | $0.215 | 1.37% |
FAQ
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