BRF SA Stock Forecast
BRF SA stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The BRF SA stock price gained 0.307% on the last trading day (Thursday, 18th Apr 2024), rising from $3.26 to $3.27. During the last trading day the stock fluctuated 3.97% from a day low at $3.15 to a day high of $3.28. The price has been going up and down for this period, and there has been a 2.83% gain for the last 2 weeks. Volume fell on the last day by -219 thousand shares and in total, 3 million shares were bought and sold for approximately $10.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 22.89% during the next 3 months and, with a 90% probability hold a price between $3.80 and $4.30 at the end of this 3-month period.
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BRFS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BRF SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.32 and $3.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -5.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BRF SA stock
BRF SA finds support from accumulated volume at $3.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.125 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRFS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BRF SA to open at $3.23, and during the day (based on 14 day Average True Range), to move between $3.13 and $3.41, which gives a possible trading interval of +/-$0.138 (+/-4.23%) up or down from last closing price. If BRF SA takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.26 (0.31%) than the resistance at $3.33 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BRF SA stock A Buy?
The BRF SA stock holds several negative signals and despite the positive trend, we believe BRF SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.031 Strong Sell Candidate Downgraded
Predicted Opening Price for BRF SA of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.23 ( 1.17%) | $3.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.36 | 2.65 % | |
| R2 | 3.31 | 1.19 % | ||
| R1 | 3.28 | 0.288 % | ||
| Current price: | 3.27 | |||
| Support | S1 | 3.18 | -2.63 % | |
| S2 | 3.15 | -3.53 % | ||
| S3 | 3.11 | -4.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.40 | 3.98 % | |
| R2 | 3.36 | 2.75 % | ||
| R1 | 3.33 | 1.83 % | ||
| Current price | 3.27 | |||
| Support | S1 | 3.26 | -0.306% | |
| S2 | 3.09 | -5.50% | ||
| S3 | 2.80 | -14.37% |
BRFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 15, 2016 | Jul 13, 2016 | Feb 24, 2015 | $0.200 | 0.85% |
| 2 | Mar 02, 2016 | Mar 11, 2016 | Apr 11, 2016 | $0.0310 | 0.225% |
| 3 | Dec 23, 2015 | Dec 30, 2015 | Feb 23, 2016 | $0.176 | 1.26% |
| 4 | Jun 30, 2015 | Jun 30, 2015 | Jun 30, 2015 | $0.163 | 0.780% |
| 5 | Dec 22, 2014 | Jan 02, 2015 | Feb 23, 2015 | $0.0380 | 0.165% |
FAQ
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