Atom Empreendimentos e Participações Stock Forecast

Green day on Wednesday for Atom Empreendimentos e Participações
(Updated on May 22, 2024)

ATOM3.SA Signals & Forecast

Atom Empreendimentos e Participações has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Atom Empreendimentos e Participações 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$2.18 and R$2.17. 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 03, 2024, and so far it has fallen -5.68%. 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).

Support, Risk & Stop-loss for Atom Empreendimentos e Participações stock

Atom Empreendimentos e Participações finds support from accumulated volume at R$2.15 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$0.100 (4.74%) between high and low. For the last week, the stock has had daily average volatility of 3.45%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ATOM3.SA) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Atom Empreendimentos e Participações S.A. to open at R$2.16, and during the day (based on 14 day Average True Range), to move between R$2.06 and R$2.26, which gives a possible trading interval of +/-R$0.0999 (+/-4.63%) up or down from last closing price. If Atom Empreendimentos e Participações S.A. takes out the full calculated possible swing range there will be an estimated 9.25% 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$2.15 (0.46%) than the resistance at R$2.22 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atom Empreendimentos e Participações S.A. stock A Buy?

The Atom Empreendimentos e Participações stock holds several negative signals and despite the positive trend, we believe Atom Empreendimentos e Participações will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.096 Sell Candidate Unchanged

Predicted Opening Price for Atom Empreendimentos e Participações S.A. of Thursday, May 23, 2024

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