Corporación Actinver S.A.B. de C.V. Stock Forecast

Green day on Wednesday for Corporación Actinver S.A.B. de C.V. stock after gaining 0.456%
(Updated on May 08, 2024)

ACTINVRB.MX Signals & Forecast

Mostly positive signals in the chart today. The Corporación Actinver S.A.B. de C.V. 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 $15.22 and $15.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 4.19%. 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. The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Corporación Actinver S.A.B. de C.V. stock

Corporación Actinver S.A.B. de C.V. finds support from accumulated volume at $15.10 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 $0.120 between high and low, or 0.784%. For the last week the stock has had daily average volatility of 1.41%.

Our recommended stop-loss: $14.80 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (ACTINVRB.MX) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Corporación Actinver S.A.B. de C.V. to open at $15.38, and during the day (based on 14 day Average True Range), to move between $15.31 and $15.53, which gives a possible trading interval of +/-$0.110 (+/-0.71%) up or down from last closing price. If Corporación Actinver S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.10, some $0.320 (2.08%) from the current price of $15.42, our system finds the risk reward attractive.

Is Corporación Actinver S.A.B. de C.V. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Corporación Actinver S.A.B. de C.V. stock to perform well in the short-term period.

Current score: 4.010 Buy Candidate Unchanged

Predicted Opening Price for Corporación Actinver S.A.B. de C.V. of Thursday, May 9, 2024

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