Cosan S.A. Stock Forecast
Cosan S.A. stock price down 0.83% on Tuesday
(Updated on Jul 02, 2024)
The Cosan S.A. stock price fell by -0.83% on the last day (Tuesday, 2nd Jul 2024) from $9.62 to $9.54. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.43% from a day low at $9.45 to a day high of $9.68. The price has been going up and down for this period, and there has been a 3.81% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 453 thousand shares were bought and sold for approximately $4.32 million.
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 -21.65% during the next 3 months and, with a 90% probability hold a price between $6.68 and $7.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CSAN Signals & Forecast
There are mixed signals in the stock today. The Cosan S.A. 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 $9.71 and $10.16. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 4.72%. 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).
Support, Risk & Stop-loss for Cosan S.A. stock
Cosan S.A. finds support from accumulated volume at $9.25 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.230 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSAN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cosan S.A. to open at $9.56, and during the day (based on 14 day Average True Range), to move between $9.23 and $9.85, which gives a possible trading interval of +/-$0.308 (+/-3.23%) up or down from last closing price. If Cosan S.A. takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.25 (3.04%) than the resistance at $10.72 (12.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosan S.A. stock A Buy?
Cosan 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: -3.817 Sell Candidate Unchanged
Predicted Opening Price for Cosan S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $9.56 ( 0.175%) | $9.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSAN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.79 | 2.59% |
| R2 | 9.70 | 1.66% |
| R1 | 9.64 | 1.10% |
| Price | 9.54 | |
| S1 | 9.47 | -0.746% |
| S2 | 9.41 | -1.32% |
| S3 | 9.33 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.25 | 17.92% |
| R2 | 11.14 | 16.77% |
| R1 | 10.72 | 12.37% |
| Price | 9.54 | |
| S1 | 9.25 | -3.04% |
| S2 | 9.19 | -3.67% |
| S3 | 9.11 | -4.51% |
CSAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 25, 2024 | $0.337 | 3.49% |
| 2 | Apr 28, 2023 | May 19, 2023 | Jun 07, 2023 | $0.345 | 2.45% |
| 3 | Apr 29, 2022 | May 09, 2022 | Jun 07, 2023 | $0.344 | 2.45% |
| 4 | Dec 07, 2021 | Dec 16, 2021 | Jan 04, 2022 | $0.264 | 1.76% |
| 5 | May 04, 2021 | May 12, 2021 | May 27, 2021 | $0.191 | 1.16% |
FAQ
Click here for our free guide on how to buy Cosan S.A. Stock.
