Compania Cervecerias Unidas SA Stock Forecast
Compania Cervecerias Unidas SA stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Compania Cervecerias Unidas SA stock price gained 2.24% on the last trading day (Thursday, 18th Apr 2024), rising from $11.63 to $11.89. During the last trading day the stock fluctuated 3.10% from a day low at $11.63 to a day high of $11.99. The price has fallen in 6 of the last 10 days and is down by -3.18% for this period. Volume fell on the last day by -97 thousand shares and in total, 153 thousand shares were bought and sold for approximately $1.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Compania Cervecerias Unidas SA stock with a 90% probability to be traded between $11.38 and $12.88 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCU Signals & Forecast
The Compania Cervecerias Unidas SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.05 and $11.91. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.24%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Compania Cervecerias Unidas SA stock
Compania Cervecerias Unidas SA finds support from accumulated volume at $11.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.360 (3.10%) between high and low. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $11.33 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CCU) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Compania Cervecerias Unidas SA to open at $11.84, and during the day (based on 14 day Average True Range), to move between $11.60 and $12.18, which gives a possible trading interval of +/-$0.294 (+/-2.47%) up or down from last closing price. If Compania Cervecerias Unidas SA takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.79 (0.84%) than the resistance at $12.00 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compania Cervecerias Unidas SA stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.010 Buy Candidate Upgraded
Predicted Opening Price for Compania Cervecerias Unidas SA of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.84 ( 0.449%) | $11.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 2.58 % | |
| R2 | 12.06 | 1.42 % | ||
| R1 | 11.97 | 0.708 % | ||
| Current price: | 11.89 | |||
| Support | S1 | 11.70 | -1.61 % | |
| S2 | 11.61 | -2.32 % | ||
| S3 | 11.48 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.22 | 2.78 % | |
| R2 | 12.04 | 1.26 % | ||
| R1 | 12.00 | 0.93 % | ||
| Current price | 11.89 | |||
| Support | S1 | 11.79 | -0.84% | |
| S2 | 11.67 | -1.85% | ||
| S3 | 11.63 | -2.19% |
CCU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 07, 2024 | $0.173 | 1.45% |
| 2 | Nov 09, 2023 | Nov 22, 2023 | Nov 22, 2023 | $0.192 | 1.60% |
| 3 | Mar 09, 2023 | Apr 20, 2023 | Jul 21, 2023 | $0.0620 | 0.363% |
| 4 | Dec 08, 2022 | Dec 22, 2022 | Jan 13, 2023 | $0.312 | 2.33% |
| 5 | Apr 14, 2022 | Apr 25, 2022 | Apr 26, 2022 | $0.490 | 3.67% |
FAQ
Click here for our free guide on how to buy Compania Cervecerias Unidas SA Stock.
