A$33.02 for BKW.AX Brickworks (ASX) on 29 Jan 2026: oversold bounce setup
BKW.AX stock closed at A$33.02 on 29 Jan 2026 after a -4.90% intraday drop on 2,934,966.00 shares. The fall pushed price below the 50-day average of A$34.19 but well above the 200-day average of A$28.77, creating a classic oversold bounce set-up. High relative volume and a year range of A$22.40 to A$36.85 make this a volatile but tradable situation for short-term rebound plays in the ASX Basic Materials sector.
Price action and intraday drivers for BKW.AX stock
Brickworks (BKW.AX) opened at A$34.41 and hit a low of A$33.02 on heavy turnover. The stock lost A$1.70 from yesterday’s close of A$34.72 on 2,934,966.00 shares, almost 11.00 times average volume. One clear driver was profit-taking after a recent YTD gain of 29.74%, increasing selling pressure into intraday support near the 50-day moving average.
Technical setup and oversold bounce case for BKW.AX stock
Momentum readings show short-term exhaustion and an oversold swing after the drop. Price sits near immediate support at A$33.00 and above a structural support zone around the 200-day average A$28.77. The high relative volume suggests a washout day, which often precedes a relief bounce in cyclical building-materials names on the ASX.
Fundamentals and valuation signals for BKW.AX stock
Brickworks reports EPS of -0.33 and a trailing PE of -100.06, reflecting a temporary earnings downturn. Book value per share stands at A$24.64 and price-to-book at 1.34. The company retains a current ratio of 2.20 and dividend per share of A$0.73, which supports income-focused investors despite negative EPS.
Meyka AI grade and model forecast for BKW.AX stock
Meyka AI rates BKW.AX with a score out of 100: Grade B (62.66), suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects A$32.86 in one year, A$37.49 in three years, and A$42.10 in five years. Versus the current A$33.02, the one-year projection implies -0.49%, three-year +13.52%, and five-year +27.52% upside. Forecasts are model-based projections and not guarantees.
Risk, catalysts and sector context for BKW.AX stock
Key risks include weak earnings retention and low interest coverage at 0.44, which raises sensitivity to economic downturns. Catalysts for a bounce include stronger Australian housing activity, margin recovery in Building Products Australia, or positive property sales updates. The Basic Materials sector has rallied 53.05% over six months, lifting peers and creating tailwinds for Brickworks on any cyclical recovery.
Trade ideas and target levels for BKW.AX stock
For an oversold bounce trade consider a near-term buy zone A$32.50–A$33.50 with a tight stop below A$31.00 and a first profit target at A$35.50 (recent intraday high). A medium-term target aligned with Meyka AI’s three-year forecast is A$37.50. Position sizing should reflect company-specific risks and sector volatility on the ASX.
Final Thoughts
BKW.AX stock shows a clear oversold bounce setup after closing A$33.02 on 29 Jan 2026 with heavy volume of 2,934,966.00 shares. Short-term technicals favour a relief rally given the washout and proximity to the 50-day average A$34.19 and structural 200-day support A$28.77. Fundamentals remain mixed: EPS is -0.33, PE is -100.06, and price-to-book is 1.34, while the company pays A$0.73 per share in dividends. Meyka AI’s model gives a one-year projection of A$32.86 and a three-year target of A$37.49, implying near-term neutrality but a multi-year upside of 13.52%. Traders seeking an oversold bounce can test small, disciplined positions in the A$32.50–A$33.50 zone with stops under A$31.00, and scale out at A$35.50 and A$37.50. Remember, Meyka AI is an AI-powered market analysis platform and forecasts are model-based projections and not guarantees. Monitor sector housing metrics and Brickworks earnings updates for any shift in the risk-reward balance.
FAQs
Is BKW.AX stock a buy after the Jan 29 drop?
The Jan 29 drop creates an oversold bounce opportunity. Small, disciplined buys in A$32.50–A$33.50 can work with stops below A$31.00. Consider fundamentals and dividend yield before adding to positions.
What are the key financials to watch for BKW.AX stock?
Watch EPS (currently -0.33), interest coverage (0.44), book value per share (A$24.64) and dividend per share (A$0.73). These metrics indicate balance-sheet strength but weak near-term earnings.
What price targets does Meyka AI give for BKW.AX stock?
Meyka AI’s forecast model projects A$32.86 in one year, A$37.49 in three years and A$42.10 in five years. These are model-based projections, not guarantees.
How does sector performance affect BKW.AX stock?
Brickworks sits in Basic Materials, which has rallied in the last six months. Strong sector momentum can support a rebound, while housing weakness could widen downside risk.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
