Bemobi Mobile Tech S.A. Stock Forecast
Bemobi Mobile Tech S.A. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Bemobi Mobile Tech S.A. stock price gained 2.75% on the last trading day (Friday, 17th May 2024), rising from R$12.72 to R$13.07. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.89% from a day low at R$12.61 to a day high of R$13.10. The price has risen in 7 of the last 10 days and is up by 6.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 794 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately R$14.77 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is R$12.95, a level that may pose a second chance to hit a runner. According to fan-theory R$14.56 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BMOB3.SA Signals & Forecast
Mostly positive signals in the chart today. The Bemobi Mobile Tech S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at R$12.47 and R$12.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 12.00%. 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.
Support, Risk & Stop-loss for Bemobi Mobile Tech S.A. stock
Bemobi Mobile Tech S.A. finds support from accumulated volume at R$12.56 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$0.490 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 2.84%.
Since the Bemobi Mobile Tech S.A. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: R$12.56 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BMOB3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bemobi Mobile Tech S.A. to open at R$12.93, and during the day (based on 14 day Average True Range), to move between R$12.73 and R$13.41, which gives a possible trading interval of +/-R$0.336 (+/-2.57%) 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 5.15% 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$13.53 (3.52%) than the support at R$12.56 (3.90%), 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 Bemobi Mobile Tech S.A. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.220 Buy Candidate Upgraded
Predicted Opening Price for Bemobi Mobile Tech S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$12.93 ( 1.10%) | R$13.07 |
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 | 13.42 | 2.65 % | |
| R2 | 13.23 | 1.22 % | ||
| R1 | 13.11 | 0.335 % | ||
| Current price: | 13.07 | |||
| Support | S1 | 12.74 | -2.53 % | |
| S2 | 12.62 | -3.41 % | ||
| S3 | 12.44 | -4.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.79 | 5.51 % | |
| R2 | 13.65 | 4.44 % | ||
| R1 | 13.53 | 3.52 % | ||
| Current price | 13.07 | |||
| Support | S1 | 12.56 | -3.90% | |
| S2 | 12.30 | -5.89% | ||
| S3 | 12.16 | -6.96% |
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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