Companhia Energética de Brasília - CEB Stock Forecast

Companhia Energética de Brasília - CEB stock price down 1.63% on Friday
(Updated on Jun 14, 2024)

CEBR3.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 Companhia Energética de Brasília - CEB 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$21.49 and R$24.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -25.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Companhia Energética de Brasília - CEB stock

Companhia Energética de Brasília - CEB finds support from accumulated volume at R$20.29 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.730 between high and low, or 3.63%. For the last week the stock has had daily average volatility of 3.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CEBR3.SA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Companhia Energética de Brasília - CEB to open at R$20.48, and during the day (based on 14 day Average True Range), to move between R$19.64 and R$21.36, which gives a possible trading interval of +/-R$0.86 (+/-4.17%) up or down from last closing price. If Companhia Energética de Brasília - CEB takes out the full calculated possible swing range there will be an estimated 8.34% 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$20.29 (1.02%) than the resistance at R$22.85 (11.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Companhia Energética de Brasília - CEB stock A Buy?

The Companhia Energética de Brasília - CEB stock holds several negative signals and despite the positive trend, we believe Companhia Energética de Brasília - CEB will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.193 Sell Candidate Unchanged

Predicted Opening Price for Companhia Energética de Brasília - CEB of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.