Direcional Engenharia S.A. Stock Forecast
Green day on Tuesday for Direcional Engenharia S.A. stock after gaining 1.86%
(Updated on Jul 02, 2024)
The Direcional Engenharia S.A. stock price gained 1.86% on the last trading day (Tuesday, 2nd Jul 2024), rising from R$26.95 to R$27.45. During the last trading day the stock fluctuated 2.32% from a day low at R$27.14 to a day high of R$27.77. The price has risen in 8 of the last 10 days and is up by 9.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 908 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately R$114.14 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.40% during the next 3 months and, with a 90% probability hold a price between R$27.43 and R$31.59 at the end of this 3-month period.
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DIRR3.SA Signals & Forecast
Mostly positive signals in the chart today. The Direcional Engenharia S.A. 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 R$26.65 and R$25.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 23.26%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Direcional Engenharia S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at R$25.25 and R$25.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Direcional Engenharia S.A. finds support just below today's level at R$25.25. If this is broken, then the next support from accumulated volume will be at R$25.00 and R$24.70.
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 R$0.630 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: R$26.46 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (DIRR3.SA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Direcional Engenharia S.A. to open at R$27.45, and during the day (based on 14 day Average True Range), to move between R$26.68 and R$28.22, which gives a possible trading interval of +/-R$0.767 (+/-2.79%) up or down from last closing price. If Direcional Engenharia S.A. takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ R$25.25, some R$2.20 (8.01%) from the current price of R$27.45, our system finds the risk reward attractive.
Is Direcional Engenharia S.A. stock A Buy?
Direcional Engenharia S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.341 Strong Buy Candidate Unchanged
Predicted Opening Price for Direcional Engenharia S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| R$27.45 ( 0.0121%) | R$27.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIRR3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.08 | 2.31% |
| R2 | 27.84 | 1.43% |
| R1 | 27.69 | 0.89% |
| Price | 27.45 | |
| S1 | 27.21 | -0.86% |
| S2 | 27.06 | -1.41% |
| S3 | 26.82 | -2.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 27.45 | |
| S1 | 25.25 | -8.01% |
| S2 | 25.00 | -8.93% |
| S3 | 24.70 | -10.02% |
DIRR3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Jan 03, 2024 | R$0.470 | 2.19% |
| 2 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | R$0.700 | 4.93% |
| 3 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | R$0.470 | 4.14% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | R$0.690 | 5.16% |
| 5 | Oct 13, 2020 | Oct 13, 2020 | Oct 13, 2020 | R$0.81 | 6.00% |
FAQ
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