Azul S.A. Stock Forecast

Azul S.A. stock price up more than 7.78% on Friday
(Updated on May 03, 2024)

AZUL4.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 18.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Azul S.A. 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$11.92. On a fall, the stock will find some support from the short-term average at R$9.95. 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.

Support, Risk & Stop-loss for Azul S.A. stock

Azul S.A. finds support from accumulated volume at R$10.47 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$0.470 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 3.24%.

Our recommended stop-loss: R$10.52 (-3.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (AZUL4.SA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Azul S.A. to open at R$10.83, and during the day (based on 14 day Average True Range), to move between R$10.37 and R$11.53, which gives a possible trading interval of +/-R$0.583 (+/-5.33%) up or down from last closing price. If Azul S.A. takes out the full calculated possible swing range there will be an estimated 10.65% 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$11.16 (1.92%) than the support at R$10.47 (4.38%), 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 Azul S.A. stock A Buy?

Azul S.A. 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.

Current score: -0.226 Hold/Accumulate Unchanged

Predicted Opening Price for Azul S.A. of Monday, May 6, 2024

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