Compania Cervecerias Unidas SA Stock Forecast
Compania Cervecerias Unidas SA stock price ended at $12.20 on Friday, after gaining 1.41%.
(Updated on Apr 26, 2024)
The Compania Cervecerias Unidas SA stock price gained 1.41% on the last trading day (Friday, 26th Apr 2024), rising from $12.03 to $12.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.83% from a day low at $12.05 to a day high of $12.27. The price has risen in 6 of the last 10 days but is still down by -0.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $872.96 thousand.
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 $11.59 and $13.05 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.
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CCU Signals & Forecast
The Compania Cervecerias Unidas SA 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 $11.98 and $12.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.90%. Further rise is indicated until a new top pivot has been found. Compania Cervecerias Unidas SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Compania Cervecerias Unidas SA stock
Compania Cervecerias Unidas SA finds support from accumulated volume at $12.00 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 $0.220 (1.83%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: $11.62 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CCU) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Compania Cervecerias Unidas SA to open at $12.17, and during the day (based on 14 day Average True Range), to move between $11.93 and $12.47, which gives a possible trading interval of +/-$0.265 (+/-2.17%) 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 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.22 (0.16%) than the support at $12.00 (1.64%), 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 Compania Cervecerias Unidas SA stock A Buy?
Compania Cervecerias Unidas SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.138 Hold/Accumulate Unchanged
Predicted Opening Price for Compania Cervecerias Unidas SA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $12.17 ( 0.219%) | $12.20 |
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 | 12.39 | 1.58 % | |
| R2 | 12.31 | 0.90 % | ||
| R1 | 12.26 | 0.470 % | ||
| Current price: | 12.20 | |||
| Support | S1 | 12.09 | -0.91 % | |
| S2 | 12.04 | -1.33 % | ||
| S3 | 11.95 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.75 | 4.51 % | |
| R2 | 12.34 | 1.15 % | ||
| R1 | 12.22 | 0.164 % | ||
| Current price | 12.20 | |||
| Support | S1 | 12.00 | -1.64% | |
| S2 | 11.67 | -4.34% | ||
| S3 | 11.63 | -4.67% |
CCU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 07, 2024 | $0.173 | 1.42% |
| 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
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