Brink's Company (The) (BCO)

Brinks stock forecast: buy or sell

Brinks stock outlook

  • Brinks closed today at $40.47 after collapsing a -6.86%.
  • The price is currently below the lower Bollinger band, which often indicates a near-term bounce that you should not try to trade
  • The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally.
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Disclaimer:
The thoughts given in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for education purposes only

Brinks stock chart overview

Should I buy Brinks stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is BCO stock a buy?

Currently, Brinks stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean BCO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Brinks stock?

"To sell or not to sell", if you are holding Brinks stock?. Just as when we have to buy shares, choosing when is the best time to sell is not a whimsy decision, and we must follow our own trading strategy. When selling, as well as buying, detailed setups are very simple to use and are only valid for selling stocks in your porfolio, not for selling short Brinks stock

A guiding principle is that you should not mantain an operation that yields higher than expected losses upon the buy. When to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Brinks stock?

Currently, Brinks stock doesn't match any of our preferred sell setups, so if you hold Brinks stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Brinks stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating published in the previous 30 days for Brinks

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Technical analysis

SMAs overview

Moving averages are indicators for investors to measure momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. You can found more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Traders use support and resistance levels as a way to find price points in the stock price action that tend to work as barriers, preventing the price of a stock to move up or down. Supports are levels where the price tends to find support as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until approaching another support level. On the other hand, a resistance level is where the price may find opposition as it moves up. Likewise, this means that the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will rally more easily until it finds the next resistance

The current resistances are:

  • R1: $41.63 (2.87% above)
  • R2: $43.77 (8.15% above)
  • R3: $46.01 (13.69% above)
  • The current support levels are:

  • S1: $40.01 (-1.14% below)
  • S2: $39.74 (-1.8% below)
  • S3: $37.34 (-7.73% below)
  • Bollinger bands

    The so-called Bollinger bands are a widespread technique introduced by John Bollinger. It is made up of three bands that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is currently having a very strong momentum and therefore can correct the trend to the average. At this point, the price is lower the upper band, which should mean a short-term bounce (at least) until it is back above the band

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.

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    Earnings and financials

    Brink's Company (The) (BCO) released quarterly earnings of $0.36 per share, far undercutting the Wall St consensus estimate of $0.70 per share. This quarterly report represents an earnings surprise of -48.57%. Revenue was $873.0 million versus $913.2 million forecasted by analysts.

    This compares to earnings of $0.79 per share same quarter last year, so posted EPS means a drop of -54.43%. Looking at turnover, figures slightly changed compared to $905.0M same quarter last year.

    Brinks will host the Q2 earnings call on Wednesday next week. Analysts predict earnings of %s a share of $-0.05, that is a 113.89% lower than Q1. Earnings reporting day has a more than usual risk for stock traders as the results published can soar and sink the price with lower volume and not honouring your buy/stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

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