Bemobi Mobile Tech S.A. Stock Forecast
Bemobi Mobile Tech S.A. stock downgraded from Hold/Accumulate to Strong Sell Candidate after Monday trading session.
(Updated on May 06, 2024)
The Bemobi Mobile Tech S.A. stock price fell by -2.93% on the last day (Monday, 6th May 2024) from R$12.30 to R$11.94. During the last trading day the stock fluctuated 3.60% from a day low at R$11.94 to a day high of R$12.37. The price has fallen in 5 of the last 10 days and is down by -4.17% for this period. 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 -78 thousand shares and in total, 386 thousand shares were bought and sold for approximately R$4.61 million.
The stock lies in the lower of a 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$11.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.20% during the next 3 months and, with a 90% probability hold a price between R$10.89 and R$12.61 at the end of this 3-month period.
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BMOB3.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 Bemobi Mobile Tech 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$12.89. On a fall, the stock will find some support from the short-term average at R$11.90. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -2.93%. 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.
A sell signal from a double top formation was found on Thursday, March 28, 2024 with a target of R$13.33. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Bemobi Mobile Tech S.A. stock
Bemobi Mobile Tech S.A. finds support from accumulated volume at R$11.92 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved R$0.430 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMOB3.SA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bemobi Mobile Tech S.A. to open at R$12.08, and during the day (based on 14 day Average True Range), to move between R$11.61 and R$12.27, which gives a possible trading interval of +/-R$0.327 (+/-2.74%) up or down from last closing price. If Bemobi Mobile Tech S.A. takes out the full calculated possible swing range there will be an estimated 5.48% 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$11.92 (0.17%) than the resistance at R$12.36 (3.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bemobi Mobile Tech S.A. stock A Buy?
Bemobi Mobile Tech S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.491 Strong Sell Candidate Downgraded
Predicted Opening Price for Bemobi Mobile Tech S.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| R$12.08 ( 1.20%) | R$11.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMOB3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.51 | 4.80 % | |
| R2 | 12.35 | 3.43 % | ||
| R1 | 12.25 | 2.58 % | ||
| Current price: | 11.94 | |||
| Support | S1 | 11.92 | -0.175 % | |
| S2 | 11.82 | -1.03 % | ||
| S3 | 11.65 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.79 | 15.49 % | |
| R2 | 12.56 | 5.19 % | ||
| R1 | 12.36 | 3.52 % | ||
| Current price | 11.94 | |||
| Support | S1 | 11.92 | -0.168% | |
| S2 | 11.71 | -1.93% | ||
| S3 | 11.67 | -2.26% |
BMOB3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | R$0 | 0% |
| 2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | R$0.233 | 1.77% |
| 3 | Mar 22, 2022 | Mar 22, 2022 | Mar 22, 2022 | R$0.202 | 1.26% |
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