Americanas S.A. Stock Forecast
Americanas S.A. stock upgraded to Hold/Accumulate.
(Updated on May 20, 2024)
No changes to the price of Americanas S.A. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 3.85% from a day low at R$0.520 to a day high of R$0.540. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at R$0.500 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Americanas S.A. stock with a 90% probability to be traded between R$0.500 and R$0.650 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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AMER3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 6.00%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Americanas 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$0.531 and R$0.543. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Americanas S.A. stock
Americanas S.A. finds support from accumulated volume at R$0.520 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved R$0.0200 (3.85%) between high and low. For the last week, the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: R$0.506 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (AMER3.SA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Americanas S.A. to open at R$0.530, and during the day (based on 14 day Average True Range), to move between R$0.506 and R$0.554, which gives a possible trading interval of +/-R$0.0236 (+/-4.45%) up or down from last closing price. If Americanas S.A. takes out the full calculated possible swing range there will be an estimated 8.90% 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$0.540 (1.89%) than the support at R$0.520 (1.89%), 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?
Americanas S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.208 Hold/Accumulate Upgraded
Predicted Opening Price for Americanas S.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| R$0.530 ( 0%) | R$0.530 |
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 | 0.550 | 3.77 % | |
| R2 | 0.542 | 2.33 % | ||
| R1 | 0.538 | 1.44 % | ||
| Current price: | 0.530 | |||
| Support | S1 | 0.522 | -1.44 % | |
| S2 | 0.518 | -2.33 % | ||
| S3 | 0.510 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 5.66 % | |
| R2 | 0.550 | 3.77 % | ||
| R1 | 0.540 | 1.89 % | ||
| Current price | 0.530 | |||
| Support | S1 | 0.520 | -1.89% | |
| S2 | 0.510 | -3.77% | ||
| S3 | 0.500 | -5.66% |
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
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