Armac Locação, Logística e Serviços Stock Forecast

Stronger technical forecast for Armac Locação, Logística e Serviços stock price after Thursday trading.
(Updated on May 02, 2024)

ARML3.SA Signals & Forecast

There are mixed signals in the stock today. The Armac Locação, Logística e Serviços 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$10.72 and R$11.79. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 1.16%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

Support, Risk & Stop-loss for Armac Locação, Logística e Serviços stock

Armac Locação, Logística e Serviços finds support from accumulated volume at R$10.42 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$0.420 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 3.72%.

Our recommended stop-loss: R$9.84 (-5.87%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (ARML3.SA) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Armac Locação, Logística e Serviços S.A. to open at R$10.55, and during the day (based on 14 day Average True Range), to move between R$9.96 and R$10.94, which gives a possible trading interval of +/-R$0.492 (+/-4.70%) up or down from last closing price. If Armac Locação, Logística e Serviços S.A. takes out the full calculated possible swing range there will be an estimated 9.41% 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$10.42 (0.29%) than the resistance at R$10.77 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Armac Locação, Logística e Serviços S.A. stock A Buy?

Armac Locação, Logística e Serviços holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Armac Locação, Logística e Serviços S.A. of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.