Atom Empreendimentos e Participações Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Atom Empreendimentos e Participações stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of Atom Empreendimentos e Participações stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 1.01% from a day low at R$1.99 to a day high of R$2.01. The price has risen in 4 of the last 10 days and is up by 0.5% over the past 2 weeks.
The stock is at the lower part of a 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$2.00 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Atom Empreendimentos e Participações stock with a 90% probability to be traded between R$2.03 and R$2.42 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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ATOM3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$2.13. On a fall, the stock will find some support from the short-term average at R$2.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Atom Empreendimentos e Participações stock
Atom Empreendimentos e Participações finds support from accumulated volume at R$2.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.0200 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.10%.
Atom Empreendimentos e Participações is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: R$1.88 (-6.40%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (ATOM3.SA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Atom Empreendimentos e Participações S.A. to open at R$2.00, and during the day (based on 14 day Average True Range), to move between R$1.96 and R$2.06, which gives a possible trading interval of +/-R$0.0545 (+/-2.71%) 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 5.42% 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$2.00 (0.50%) than the resistance at R$2.07 (2.99%), 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?
Atom Empreendimentos e Participações 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: -0.788 Hold/Accumulate Upgraded
Predicted Opening Price for Atom Empreendimentos e Participações S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| R$2.00 ( 0.332%) | R$2.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATOM3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.02 | 0.663% |
| R2 | 2.02 | 0.283% |
| R1 | 2.01 | 0.0484% |
| Price | 2.01 | |
| S1 | 2.00 | -0.712% |
| S2 | 1.99 | -0.95% |
| S3 | 1.98 | -1.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.35 | 16.92% |
| R2 | 2.13 | 5.97% |
| R1 | 2.07 | 2.99% |
| Price | 2.01 | |
| S1 | 2.00 | -0.498% |
| S2 | 1.99 | -1.00% |
| S3 | 1.93 | -3.98% |
ATOM3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | R$0.320 | 11.95% |
| 2 | May 02, 2022 | May 02, 2022 | May 02, 2022 | R$0.0690 | 2.64% |
| 3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | R$0.263 | 3.29% |
FAQ
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