RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SID
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Green day on Wednesday for National Steel Company
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Gain 0.32% PDF

The National Steel Company stock price gained 1.95% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.08 to $3.14. During the last trading day the stock fluctuated 2.45% from a day low at $3.07 to a day high of $3.14. The price has fallen in 6 of the last 10 days and is down by -3.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 981 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $10.58 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.59% during the next 3 months and, with a 90% probability hold a price between $2.45 and $2.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SID Signals & Forecast

There are mixed signals in the stock today. The National Steel Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.16 and $3.36. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for National Steel Company stock

National Steel Company finds support from accumulated volume at $3.13 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 $0.0750 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $2.98 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (SID) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect National Steel Company to open at $3.12, and during the day (based on 14 day Average True Range), to move between $3.04 and $3.24, which gives a possible trading interval of +/-$0.0979 (+/-3.12%) up or down from last closing price. If National Steel Company takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.13 (0.32%) than the resistance at $3.25 (3.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is National Steel Company stock A Buy?

National Steel Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.022 Hold/Accumulate Unchanged

Predicted Opening Price for National Steel Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.12 ( 0.796%) $3.14

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SID

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.19 1.59 %
R2 3.16 0.680 %
R1 3.14 0.116 %
Current price: 3.14
Support S1 3.09 -1.71 %
S2 3.07 -2.27 %
S3 3.04 -3.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.63 15.61 %
R2 3.45 9.87 %
R1 3.25 3.50 %
Current price 3.14
Support S1 3.13 -0.318%
S2 3.08 -1.91%
S3 3.03 -3.50%

SID Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 14, 2023 Nov 22, 2023 Nov 22, 2023 $0.153 4.72%
2 May 02, 2023 May 10, 2023 May 24, 2023 $0.244 9.46%
3 May 10, 2023 Jan 05, 2023 Dec 09, 2022 $0.100 3.52%
4 Nov 22, 2022 Dec 01, 2022 May 10, 2023 $0.225 8.46%
5 May 02, 2022 May 11, 2022 May 12, 2022 $0.136 4.12%

FAQ

What is the symbol for National Steel Company Stock and on which exchange is it traded?
The symbol for National Steel Company is SID and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell National Steel Company Stock?
National Steel Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy National Steel Company Stock?
National Steel Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy National Steel Company Stock.

What's the current price of National Steel Company Stock?
As of the end of day on the 2024-03-27, the price of an National Steel Company (SID) share was $3.14.

What is the 52-week high and low for National Steel Company Stock?
The 52-week high for National Steel Company Stock is $4.03 and the 52-week low is $2.11.

What is the market capitalization of National Steel Company Stock?
As of the 2024-03-27, the market capitalization of National Steel Company is 4.164B.

When is the next earnings date for National Steel Company?
The upcoming earnings date for National Steel Company is May 01, 2024.
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About National Steel Company

National Steel Company Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and ... SID Profile

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