ATMA Participações S.A. Stock Forecast
Volatile ride for ATMA Participações S.A. stock price on Friday moving between R$1.90 and R$2.11
(Updated on Jun 28, 2024)
The ATMA Participações S.A. stock price fell by -6.37% on the last day (Friday, 28th Jun 2024) from R$2.04 to R$1.91. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 11.05% from a day low at R$1.90 to a day high of R$2.11. The price has fallen in 6 of the last 10 days and is down by -16.96% for this period. Volume has increased on the last day by 48 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, 62 thousand shares were bought and sold for approximately R$118.23 thousand.
Given the current short-term trend, the stock is expected to rise 14.78% during the next 3 months and, with a 90% probability hold a price between R$2.19 and R$2.85 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. 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$2.14 and R$2.21. 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 -19.75%. 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".
Support, Risk & Stop-loss for ATMA Participações S.A. stock
ATMA Participações S.A. finds support from accumulated volume at R$1.89 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$0.210 between high and low, or 11.05%. For the last week, the stock has had daily average volatility of 5.43%.
ATMA Participações S.A. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect ATMA Participações S.A. to open at R$1.97, and during the day (based on 14 day Average True Range), to move between R$1.80 and R$2.02, which gives a possible trading interval of +/-R$0.106 (+/-5.55%) 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 11.09% 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$1.89 (1.05%) than the resistance at R$1.99 (4.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -3.482 Sell Candidate Unchanged
Predicted Opening Price for ATMA Participações S.A. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
R$1.97 ( 3.32%) | R$1.91 |
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 | 2.18 | 14.31% |
R2 | 2.10 | 10.11% |
R1 | 2.05 | 7.52% |
Price | 1.91 | |
S1 | 1.89 | -0.88% |
S2 | 1.84 | -3.48% |
S3 | 1.76 | -7.68% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.29 | 19.90% |
R2 | 2.04 | 6.81% |
R1 | 1.99 | 4.19% |
Price | 1.91 | |
S1 | 1.89 | -1.05% |
S2 | 0 | - |
S3 | 0 | - |
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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