Tronox Pigmentos do Brasil S.A. Stock Forecast
Tronox Pigmentos do Brasil S.A. stock price up 0.650% on Friday
(Updated on Jun 28, 2024)
The Tronox Pigmentos do Brasil S.A. stock price gained 0.650% on the last trading day (Friday, 28th Jun 2024), rising from R$29.22 to R$29.41. During the last trading day the stock fluctuated 1.34% from a day low at R$29.10 to a day high of R$29.49. The price has risen in 5 of the last 10 days but is still down by -0.34% for this period. Volume fell on the last day by -900 shares and in total, 1 thousand shares were bought and sold for approximately R$41.17 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with a 90% probability hold a price between R$26.32 and R$29.87 at the end of this 3-month period.
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CRPG5.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.719%. 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. The Tronox Pigmentos do Brasil S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$30.20. On a fall, the stock will find some support from the short-term average at R$29.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
A buy signal from a double bottom formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should go up by 13.51% to R$33.38 within 39 trading days since signal was issued (Monday, August 19, 2024).
Support, Risk & Stop-loss for Tronox Pigmentos do Brasil S.A. stock
Tronox Pigmentos do Brasil S.A. finds support from accumulated volume at R$29.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0.390 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.43%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRPG5.SA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tronox Pigmentos do Brasil S.A. to open at R$29.33, and during the day (based on 14 day Average True Range), to move between R$28.97 and R$29.85, which gives a possible trading interval of +/-R$0.436 (+/-1.48%) up or down from last closing price. If Tronox Pigmentos do Brasil S.A. takes out the full calculated possible swing range there will be an estimated 2.97% 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$29.30 (0.37%) than the resistance at R$30.00 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tronox Pigmentos do Brasil S.A. stock A Buy?
Tronox Pigmentos do Brasil S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.691 Sell Candidate Unchanged
Predicted Opening Price for Tronox Pigmentos do Brasil S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| R$29.33 ( 0.261%) | R$29.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRPG5.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.72 | 1.07% |
| R2 | 29.57 | 0.559% |
| R1 | 29.48 | 0.246% |
| Price | 29.41 | |
| S1 | 29.18 | -0.767% |
| S2 | 29.09 | -1.08% |
| S3 | 28.94 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.52 | 3.77% |
| R2 | 30.01 | 2.04% |
| R1 | 30.00 | 2.01% |
| Price | 29.41 | |
| S1 | 29.30 | -0.374% |
| S2 | 29.22 | -0.646% |
| S3 | 29.20 | -0.714% |
CRPG5 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 31, 2024 | R$0.289 | 0.96% |
| 2 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | R$0.0457 | 0.151% |
| 3 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | R$4.37 | 12.02% |
| 4 | May 11, 2023 | May 11, 2023 | May 11, 2023 | R$0.302 | 1.08% |
| 5 | Nov 23, 2022 | Nov 23, 2022 | Nov 23, 2022 | R$4.38 | 18.03% |
FAQ
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