Ambipar Participações e Stock Forecast
Weaker technical forecast for Ambipar Participações e as stock downgraded to Strong Sell Candidate.
(Updated on May 16, 2024)
The Ambipar Participações e stock price fell by -2.08% on the last day (Thursday, 16th May 2024) from R$9.12 to R$8.93. During the last trading day the stock fluctuated 4.49% from a day low at R$8.90 to a day high of R$9.30. The price has fallen in 6 of the last 10 days and is down by -14.22% 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 -338 thousand shares and in total, 2 million shares were bought and sold for approximately R$19.19 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$8.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -37.97% during the next 3 months and, with a 90% probability hold a price between R$5.35 and R$7.20 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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AMBP3.SA Signals & Forecast
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. The Ambipar Participações e 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$9.86 and R$11.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -18.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ambipar Participações e stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 R$0.400 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 5.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMBP3.SA) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Ambipar Participações e Empreendimentos S.A. to open at R$9.04, and during the day (based on 14 day Average True Range), to move between R$8.39 and R$9.47, which gives a possible trading interval of +/-R$0.538 (+/-6.02%) up or down from last closing price. If Ambipar Participações e Empreendimentos S.A. takes out the full calculated possible swing range there will be an estimated 12.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ R$9.94, some R$1.01 (11.31%) from the current price of R$8.93, our system finds the risk reward not very attractive.
Is Ambipar Participações e Empreendimentos S.A. stock A Buy?
Ambipar Participações e holds several negative signals and is within a very 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. 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: -7.930 Strong Sell Candidate Downgraded
Predicted Opening Price for Ambipar Participações e Empreendimentos S.A. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| R$9.04 ( 1.27%) | R$8.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMBP3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.44 | 5.75 % | |
| R2 | 9.29 | 4.04 % | ||
| R1 | 9.20 | 2.98 % | ||
| Current price: | 8.93 | |||
| Support | S1 | 8.89 | -0.442 % | |
| S2 | 8.80 | -1.50 % | ||
| S3 | 8.64 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.41 | 16.57 % | |
| R2 | 10.02 | 12.21 % | ||
| R1 | 9.94 | 11.31 % | ||
| Current price | 8.93 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AMBP3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2023 | May 16, 2023 | May 16, 2023 | R$0.134 | 0.706% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | R$0.134 | 0.699% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | R$0.303 | 0.88% |
| 4 | May 02, 2022 | May 02, 2022 | May 02, 2022 | R$0.303 | 0.88% |
| 5 | May 03, 2021 | May 03, 2021 | May 03, 2021 | R$0.0943 | 0.331% |
FAQ
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