Alpargatas S.A. Stock Forecast
Alpargatas S.A. stock price ended at R$9.46 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Alpargatas S.A. stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at R$9.46 to a day high of R$9.46. The price has risen in 7 of the last 10 days and is up by 13.29% over the past 2 weeks.
The stock is moving within a very 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$8.19 and R$10.61 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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ALPA4.SA Signals & Forecast
The Alpargatas S.A. 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 R$9.44 and R$9.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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$9.11 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.05%
Our recommended stop-loss: R$8.90 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ALPA4.SA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Alpargatas S.A. to open at R$9.46, and during the day (based on 14 day Average True Range), to move between R$9.09 and R$9.83, which gives a possible trading interval of +/-R$0.365 (+/-3.86%) up or down from last closing price. If Alpargatas S.A. takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at R$9.59 (1.37%) than the support at R$9.11 (3.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Alpargatas S.A. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for Alpargatas S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.42% in the first trading day after earnings release.
Is Alpargatas S.A. 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 Alpargatas S.A. stock to perform well in the short-term period.
Current score: 1.479 Buy Candidate Unchanged
Predicted Opening Price for Alpargatas S.A. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| R$9.46 ( 0%) | R$9.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPA4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.46 | . | |
| R2 | 9.46 | . | ||
| R1 | 9.46 | . | ||
| Current price: | 9.46 | |||
| Support | S1 | 9.46 | . | |
| S2 | 9.46 | . | ||
| S3 | 9.46 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.92 | 4.86 % | |
| R2 | 9.63 | 1.80 % | ||
| R1 | 9.59 | 1.37 % | ||
| Current price | 9.46 | |||
| Support | S1 | 9.11 | -3.70% | |
| S2 | 8.62 | -8.88% | ||
| S3 | 8.02 | -15.22% |
ALPA4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 03, 2022 | Jan 03, 2022 | Jan 03, 2022 | R$0.163 | 0.475% |
| 2 | Nov 04, 2021 | Nov 04, 2021 | Nov 04, 2021 | R$0.272 | 0.677% |
| 3 | Feb 17, 2020 | Feb 17, 2020 | Feb 17, 2020 | R$0.0552 | 0.154% |
| 4 | Aug 20, 2018 | Aug 20, 2018 | Aug 20, 2018 | R$0.0681 | 0.693% |
| 5 | May 21, 2018 | May 21, 2018 | May 21, 2018 | R$0.0640 | 0.580% |
FAQ
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