Azevedo & Travassos S.A. Stock Forecast
Volatile ride for Azevedo & Travassos S.A. stock price on Friday moving between R$1.46 and R$1.67
(Updated on Jun 28, 2024)
The Azevedo & Travassos S.A. stock price fell by -1.96% on the last day (Friday, 28th Jun 2024) from R$1.53 to R$1.50. During the last trading day the stock fluctuated 14.38% from a day low at R$1.46 to a day high of R$1.67. The price has been going up and down for this period, and there has been a 25% gain for the last 2 weeks. Volume has increased on the last day by 3 million 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, 8 million shares were bought and sold for approximately R$12.57 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.30% during the next 3 months and, with a 90% probability hold a price between R$1.04 and R$1.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AZEV4.SA Signals & Forecast
The Azevedo & Travassos S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at R$1.50 and R$1.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -11.24%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Azevedo & Travassos S.A. stock
Azevedo & Travassos S.A. finds support from accumulated volume at R$1.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved R$0.210 between high and low, or 14.38%. For the last week, the stock has had daily average volatility of 12.77%.
Our recommended stop-loss: R$1.45 (-3.19%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (AZEV4.SA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Azevedo & Travassos S.A. to open at R$1.54, and during the day (based on 14 day Average True Range), to move between R$1.36 and R$1.64, which gives a possible trading interval of +/-R$0.141 (+/-9.40%) 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 18.80% 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$1.53 (2.00%) than the support at R$1.45 (3.33%), 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 Azevedo & Travassos S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.414 Buy Candidate Unchanged
Predicted Opening Price for Azevedo & Travassos S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| R$1.54 ( 2.89%) | R$1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZEV4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.75 | 16.89% |
| R2 | 1.67 | 11.54% |
| R1 | 1.62 | 8.24% |
| Price | 1.50 | |
| S1 | 1.46 | -2.46% |
| S2 | 1.41 | -5.76% |
| S3 | 1.33 | -11.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.78 | 18.67% |
| R2 | 1.69 | 12.67% |
| R1 | 1.53 | 2.00% |
| Price | 1.50 | |
| S1 | 1.45 | -3.33% |
| S2 | 1.33 | -11.33% |
| S3 | 1.19 | -20.67% |
AZEV4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2015 | Dec 14, 2015 | Dec 14, 2015 | R$0.197 | 3.30% |
| 2 | May 04, 2015 | May 04, 2015 | May 04, 2015 | R$0.0477 | 0.758% |
| 3 | Dec 08, 2014 | Dec 08, 2014 | Dec 08, 2014 | R$0.133 | 1.97% |
FAQ
Click here for our free guide on how to buy Azevedo & Travassos S.A. Stock.
