Azevedo & Travassos S.A. Stock Forecast
Red day on Monday for Azevedo & Travassos S.A.
(Updated on May 27, 2024)
The Azevedo & Travassos S.A. stock price fell by -4.55% on the last day (Monday, 27th May 2024) from R$1.32 to R$1.26. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.14% from a day low at R$1.26 to a day high of R$1.35. The price has fallen in 6 of the last 10 days and is down by -10% for this period. Volume has increased on the last day by 41 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, 483 thousand shares were bought and sold for approximately R$608.45 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$1.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.03% during the next 3 months and, with a 90% probability hold a price between R$1.23 and R$1.72 at the end of this 3-month period.
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AZEV3.SA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Azevedo & Travassos 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$1.36 and R$1.43. 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 -15.44%. Further fall is indicated until a new bottom pivot has been found. Azevedo & Travassos 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 Azevedo & Travassos S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0900 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 6.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZEV3.SA) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Azevedo & Travassos S.A. to open at R$1.29, and during the day (based on 14 day Average True Range), to move between R$1.17 and R$1.35, which gives a possible trading interval of +/-R$0.0883 (+/-7.01%) up or down from last closing price. If Azevedo & Travassos S.A. takes out the full calculated possible swing range there will be an estimated 14.02% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ R$1.32, some R$0.0600 (4.76%) from the current price of R$1.26, our system finds the risk reward not very attractive.
Is Azevedo & Travassos S.A. stock A Buy?
Azevedo & Travassos S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.761 Sell Candidate Unchanged
Predicted Opening Price for Azevedo & Travassos S.A. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| R$1.29 ( 2.38%) | R$1.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZEV3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.38 | 9.52 % | |
| R2 | 1.35 | 6.80 % | ||
| R1 | 1.32 | 5.11 % | ||
| Current price: | 1.26 | |||
| Support | S1 | 1.26 | -0.348 % | |
| S2 | 1.23 | -2.03 % | ||
| S3 | 1.20 | -4.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.56 | 23.81 % | |
| R2 | 1.33 | 5.56 % | ||
| R1 | 1.32 | 4.76 % | ||
| Current price | 1.26 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AZEV3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2015 | Dec 14, 2015 | Dec 14, 2015 | R$0.126 | 3.76% |
| 2 | May 04, 2015 | May 04, 2015 | May 04, 2015 | R$0.0306 | 0.547% |
| 3 | Dec 08, 2014 | Dec 08, 2014 | Dec 08, 2014 | R$0.0852 | 1.48% |
FAQ
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