Alpargatas S.A. Stock Forecast
Red day on Friday for Alpargatas S.A. stock after losing 1.28%
(Updated on Jun 14, 2024)
The Alpargatas S.A. stock price fell by -1.28% on the last day (Friday, 14th Jun 2024) from R$9.40 to R$9.28. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.29% from a day low at R$9.28 to a day high of R$9.40. The price has fallen in 5 of the last 10 days and is down by -2.32% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 800 shares were bought and sold for approximately R$7.42 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alpargatas S.A. stock with a 90% probability to be traded between R$8.50 and R$10.41 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALPA3.SA Signals & Forecast
There are few to no technical positive signals at the moment. The Alpargatas S.A. 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 R$9.53 and R$9.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -13.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alpargatas S.A. stock
Alpargatas S.A. finds support from accumulated volume at R$9.24 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.120 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALPA3.SA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Alpargatas S.A. to open at R$9.32, and during the day (based on 14 day Average True Range), to move between R$9.04 and R$9.52, which gives a possible trading interval of +/-R$0.242 (+/-2.61%) up or down from last closing price. If Alpargatas S.A. takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at R$9.24 (0.43%) than the resistance at R$9.62 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alpargatas S.A. stock A Buy?
Alpargatas S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.098 Sell Candidate Unchanged
Predicted Opening Price for Alpargatas S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| R$9.32 ( 0.431%) | R$9.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPA3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.44 | 1.72% |
| R2 | 9.39 | 1.23% |
| R1 | 9.37 | 0.93% |
| Price | 9.28 | |
| S1 | 9.27 | -0.0629% |
| S2 | 9.25 | -0.368% |
| S3 | 9.20 | -0.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.08 | 8.62% |
| R2 | 9.70 | 4.53% |
| R1 | 9.62 | 3.66% |
| Price | 9.28 | |
| S1 | 9.24 | -0.431% |
| S2 | 9.20 | -0.86% |
| S3 | 9.06 | -2.37% |
ALPA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 03, 2022 | Jan 03, 2022 | Jan 03, 2022 | R$0.148 | 0.479% |
| 2 | Nov 04, 2021 | Nov 04, 2021 | Nov 04, 2021 | R$0.247 | 0.714% |
| 3 | Feb 17, 2020 | Feb 17, 2020 | Feb 17, 2020 | R$0.0502 | 0.168% |
| 4 | Aug 20, 2018 | Aug 20, 2018 | Aug 20, 2018 | R$0.0620 | 0.620% |
| 5 | May 21, 2018 | May 21, 2018 | May 21, 2018 | R$0.0582 | 0.560% |
FAQ
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