Cielo Sa Stock Forecast
Cielo Sa stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on May 06, 2024)
The Cielo Sa stock price gained 4.00% on the last trading day (Monday, 6th May 2024), rising from $1.00 to $1.04. During the last trading day the stock fluctuated 0.97% from a day low at $1.03 to a day high of $1.04. The price has fallen in 5 of the last 10 days but is still up by 5.27% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 8 thousand shares were bought and sold for approximately $8.67 thousand. 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $1.03 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $1.12 sometime during the next 3 months.
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CIOXY Signals & Forecast
The Cielo Sa stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.02 and $0.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 with a target of $1.01. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Cielo Sa stock
Cielo Sa finds support from accumulated volume at $1.02 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 $0.0100 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: $1.01 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CIOXY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Cielo Sa to open at $1.04, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.09, which gives a possible trading interval of +/-$0.0458 (+/-4.40%) up or down from last closing price. If Cielo Sa takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.02, some $0.0200 (1.92%) from the current price of $1.04, our system finds the risk reward attractive.
Is Cielo Sa stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Cielo Sa stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.907 Buy Candidate Upgraded
Predicted Opening Price for Cielo Sa of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $1.04 ( 0.321%) | $1.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIOXY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.05 | 0.641 % | |
| R2 | 1.04 | 0.274 % | ||
| R1 | 1.04 | 0.0468 % | ||
| Current price: | 1.04 | |||
| Support | S1 | 1.03 | -0.688 % | |
| S2 | 1.03 | -0.91 % | ||
| S3 | 1.03 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.04 | |||
| Support | S1 | 1.02 | -1.92% | |
| S2 | 1.01 | -2.88% | ||
| S3 | 1.00 | -3.85% |
CIOXY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | May 07, 2024 | $0.0198 | 1.91% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Feb 07, 2024 | $0.0088 | 0.89% |
| 3 | Nov 10, 2023 | Nov 10, 2023 | Dec 01, 2023 | $0.0092 | 1.12% |
| 4 | Aug 02, 2023 | Aug 11, 2023 | Aug 29, 2023 | $0.0099 | 1.20% |
| 5 | Aug 04, 2023 | May 05, 2023 | May 25, 2023 | $0.0150 | 1.59% |
FAQ
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