RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BAK
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Red day on Thursday for Braskem SA
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 34.65% PDF

The Braskem SA stock price fell by -3.39% on the last day (Thursday, 28th Mar 2024) from $10.90 to $10.53. During the last trading day the stock fluctuated 3.96% from a day low at $10.49 to a day high of $10.90. The price has risen in 8 of the last 10 days and is up by 26.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -213 thousand shares and in total, 938 thousand shares were bought and sold for approximately $9.88 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.44% during the next 3 months and, with a 90% probability hold a price between $9.88 and $13.61 at the end of this 3-month period.

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BAK Signals & Forecast

The Braskem SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.60. On a fall, the stock will find some support from the long-term average at approximately $8.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, March 27, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Braskem SA stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.99 and $8.48. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Braskem SA finds support just below today's level at $8.99. If this is broken, then the next support from accumulated volume will be at $8.48 and $8.29.

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 $0.415 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 4.32%.

The Braskem SA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $10.04 (-4.69%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BAK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Braskem SA to open at $10.64, and during the day (based on 14 day Average True Range), to move between $10.09 and $10.97, which gives a possible trading interval of +/-$0.439 (+/-4.17%) up or down from last closing price. If Braskem SA takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.56 (0.28%) than the support at $8.99 (14.62%), 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 Braskem SA stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Braskem SA stock to perform well in the short-term.

Current score: 2.370 Buy Candidate Unchanged

Predicted Opening Price for Braskem SA of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.64 ( 1.03%) $10.53

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

Trading levels for BAK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.05 4.97 %
R2 10.89 3.46 %
R1 10.80 2.53 %
Current price: 10.53
Support S1 10.48 -0.477 %
S2 10.38 -1.41 %
S3 10.22 -2.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.81 2.66 %
R2 10.66 1.23 %
R1 10.56 0.285 %
Current price 10.53
Support S1 8.99 -14.62%
S2 8.48 -19.47%
S3 8.29 -21.27%

BAK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 20, 2022 Apr 20, 2022 May 12, 2022 $0.634 4.04%
2 Dec 06, 2021 Dec 10, 2021 Dec 30, 2021 $2.71 13.18%
3 Apr 05, 2019 Oct 04, 2019 Oct 04, 2019 $0.405 2.77%
4 Apr 19, 2018 May 02, 2018 May 21, 2018 $1.11 4.39%
5 Nov 29, 2017 Dec 08, 2017 Dec 22, 2017 $0.775 2.95%

FAQ

What is the symbol for Braskem SA Stock and on which exchange is it traded?
The symbol for Braskem SA is BAK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Braskem SA Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Braskem SA stock to perform well in the short-term.

How to buy Braskem SA Stock?
Braskem SA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Braskem SA Stock.

What's the current price of Braskem SA Stock?
As of the end of day on the 2024-03-28, the price of an Braskem SA (BAK) share was $10.53.

What is the 52-week high and low for Braskem SA Stock?
The 52-week high for Braskem SA Stock is $12.67 and the 52-week low is $6.30.

What is the market capitalization of Braskem SA Stock?
As of the 2024-03-28, the market capitalization of Braskem SA is 3.951B.

When is the next earnings date for Braskem SA?
The upcoming earnings date for Braskem SA is May 14, 2024.
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About Braskem SA

Braskem SA Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells chemicals, including ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tert... BAK Profile

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