Americanas S.A. Stock Forecast
Americanas S.A. stock price ended at R$0.550 on Monday, after losing 1.79%.
(Updated on Apr 29, 2024)
The Americanas S.A. stock price fell by -1.79% on the last day (Monday, 29th Apr 2024) from R$0.560 to R$0.550. During the last trading day the stock fluctuated 3.64% from a day low at R$0.550 to a day high of R$0.570. The price has risen in 6 of the last 10 days and is up by 10% over the past 2 weeks. 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 -14 million shares and in total, 8 million shares were bought and sold for approximately R$4.67 million.
The stock lies in the middle of a very 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 -18.98% during the next 3 months and, with a 90% probability hold a price between R$0.314 and R$0.540 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMER3.SA Signals & Forecast
The Americanas S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at R$0.537 and R$0.549. 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 10.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Americanas S.A. stock
Americanas S.A. finds support from accumulated volume at R$0.530 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 R$0.0200 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 5.64%.
Our recommended stop-loss: R$0.527 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (AMER3.SA) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Americanas S.A. to open at R$0.557, and during the day (based on 14 day Average True Range), to move between R$0.515 and R$0.585, which gives a possible trading interval of +/-R$0.0353 (+/-6.42%) up or down from last closing price. If Americanas S.A. takes out the full calculated possible swing range there will be an estimated 12.84% 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$0.560 (1.82%) than the support at R$0.530 (3.64%), 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.
Is Americanas S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.108 Buy Candidate Unchanged
Predicted Opening Price for Americanas S.A. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| R$0.557 ( 1.21%) | R$0.550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMER3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.577 | 4.85 % | |
| R2 | 0.569 | 3.46 % | ||
| R1 | 0.564 | 2.60 % | ||
| Current price: | 0.550 | |||
| Support | S1 | 0.549 | -0.177 % | |
| S2 | 0.544 | -1.04 % | ||
| S3 | 0.537 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.650 | 18.18 % | |
| R2 | 0.570 | 3.64 % | ||
| R1 | 0.560 | 1.82 % | ||
| Current price | 0.550 | |||
| Support | S1 | 0.530 | -3.64% | |
| S2 | 0.520 | -5.45% | ||
| S3 | 0.500 | -9.09% |
AMER3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2022 | Feb 01, 2022 | Feb 01, 2022 | R$0.621 | 2.00% |
| 2 | Mar 28, 2011 | Mar 28, 2011 | Mar 28, 2011 | R$0.0497 | 0.254% |
| 3 | Mar 22, 2010 | Mar 22, 2010 | Mar 22, 2010 | R$0.0898 | 0.270% |
| 4 | Mar 23, 2009 | Mar 23, 2009 | Mar 23, 2009 | R$0.143 | 0.656% |
| 5 | Mar 17, 2008 | Mar 17, 2008 | Mar 17, 2008 | R$0.116 | 0.208% |
FAQ
Click here for our free guide on how to buy Americanas S.A. Stock.
