ATMA Participações S.A. Stock Forecast
Is ATMA Participações S.A. stock still a buy after falling -5.31% on Tuesday?
(Updated on Jun 25, 2024)
The ATMA Participações S.A. stock price fell by -5.31% on the last day (Tuesday, 25th Jun 2024) from R$2.26 to R$2.14. During the last trading day the stock fluctuated 5.61% from a day low at R$2.14 to a day high of R$2.26. The price has fallen in 4 of the last 10 days and is down by -8.94% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately R$36.59 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$2.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.98% during the next 3 months and, with a 90% probability hold a price between R$2.42 and R$2.84 at the end of this 3-month period.
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ATMP3.SA Signals & Forecast
There are few to no technical positive signals at the moment. The ATMA Participações S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at R$2.26 and R$2.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -10.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ATMA Participações S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ATMA Participações S.A. stock
ATMA Participações S.A. finds support from accumulated volume at R$2.04 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$0.120 (5.61%) between high and low. For the last week, the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATMP3.SA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ATMA Participações S.A. to open at R$2.18, and during the day (based on 14 day Average True Range), to move between R$2.04 and R$2.24, which gives a possible trading interval of +/-R$0.102 (+/-4.75%) up or down from last closing price. If ATMA Participações S.A. takes out the full calculated possible swing range there will be an estimated 9.50% 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$2.16 (0.93%) than the support at R$2.04 (4.67%), 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 ATMA Participações S.A. stock A Buy?
The ATMA Participações S.A. stock holds several negative signals and despite the positive trend, we believe ATMA Participações S.A. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.871 Sell Candidate Downgraded
Predicted Opening Price for ATMA Participações S.A. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
R$2.18 ( 1.87%) | R$2.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATMP3.SA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.30 | 7.48% |
R2 | 2.25 | 5.33% |
R1 | 2.23 | 4.01% |
Price | 2.14 | |
S1 | 2.13 | -0.273% |
S2 | 2.11 | -1.60% |
S3 | 2.06 | -3.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.29 | 7.01% |
R2 | 2.18 | 1.87% |
R1 | 2.16 | 0.93% |
Price | 2.14 | |
S1 | 2.04 | -4.67% |
S2 | 2.01 | -6.07% |
S3 | 1.99 | -7.01% |
ATMP3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 04, 2015 | May 04, 2015 | May 04, 2015 | R$217.34 | 2.69% |
2 | Dec 08, 2014 | Dec 08, 2014 | Dec 08, 2014 | R$684.86 | 5.07% |
3 | May 02, 2014 | May 02, 2014 | May 02, 2014 | R$224.95 | 1.87% |
4 | Apr 30, 2013 | Apr 30, 2013 | Apr 30, 2013 | R$2,415.62 | 15.19% |
5 | Apr 13, 2012 | Apr 13, 2012 | Apr 13, 2012 | R$935.11 | 6.93% |
FAQ
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