CCR S.A. Stock Forecast
Green day on Friday for CCR S.A.
(Updated on Jun 14, 2024)
The CCR S.A. stock price gained 0.520% on the last trading day (Friday, 14th Jun 2024), rising from R$11.53 to R$11.59. During the last trading day the stock fluctuated 2.89% from a day low at R$11.40 to a day high of R$11.73. The price has fallen in 6 of the last 10 days and is down by -3.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 505 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately R$54.89 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$11.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.19% during the next 3 months and, with a 90% probability hold a price between R$9.63 and R$10.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCRO3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.520%. Further rise is indicated until a new top pivot has been found. 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 CCR S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at R$11.75 and R$12.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CCR S.A. stock
CCR S.A. finds support from accumulated volume at R$11.53 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$0.330 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCRO3.SA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect CCR S.A. to open at R$11.57, and during the day (based on 14 day Average True Range), to move between R$11.33 and R$11.85, which gives a possible trading interval of +/-R$0.259 (+/-2.24%) up or down from last closing price. If CCR S.A. takes out the full calculated possible swing range there will be an estimated 4.48% 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$11.53 (0.52%) than the resistance at R$13.60 (17.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CCR S.A. stock A Buy?
CCR S.A. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.232 Sell Candidate Unchanged
Predicted Opening Price for CCR S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| R$11.57 ( 0.144%) | R$11.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCRO3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.90 | 2.70% |
| R2 | 11.78 | 1.62% |
| R1 | 11.70 | 0.94% |
| Price | 11.59 | |
| S1 | 11.45 | -1.23% |
| S2 | 11.37 | -1.90% |
| S3 | 11.24 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.00 | 20.79% |
| R2 | 13.65 | 17.77% |
| R1 | 13.60 | 17.34% |
| Price | 11.59 | |
| S1 | 11.53 | -0.518% |
| S2 | 0 | - |
| S3 | 0 | - |
CCRO3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 30, 2024 | R$0.266 | 2.16% |
| 2 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | R$0.157 | 1.34% |
| 3 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | R$0.0365 | 0.291% |
| 4 | Nov 03, 2022 | Nov 03, 2022 | Nov 03, 2022 | R$0.293 | 2.37% |
| 5 | Apr 20, 2022 | Apr 20, 2022 | Apr 20, 2022 | R$0.0818 | 0.632% |
FAQ
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