EcoRodovias Infraestrutura e Logística Stock Forecast
Red day on Tuesday for EcoRodovias Infraestrutura e Logística stock after losing 1.40%
(Updated on May 28, 2024)
The EcoRodovias Infraestrutura e Logística stock price fell by -1.40% on the last day (Tuesday, 28th May 2024) from R$7.16 to R$7.06. During the last trading day the stock fluctuated 3.54% from a day low at R$7.06 to a day high of R$7.31. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume has increased on the last day by 254 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately R$14.04 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is R$6.85, a level that may pose a second chance to hit a runner. According to fan-theory R$7.41 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ECOR3.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 EcoRodovias Infraestrutura e Logística 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$7.20 and R$7.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -5.99%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for EcoRodovias Infraestrutura e Logística stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved R$0.250 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECOR3.SA) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect EcoRodovias Infraestrutura e Logística S.A. to open at R$7.14, and during the day (based on 14 day Average True Range), to move between R$6.85 and R$7.27, which gives a possible trading interval of +/-R$0.214 (+/-3.04%) up or down from last closing price. If EcoRodovias Infraestrutura e Logística S.A. takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ R$7.19, some R$0.130 (1.84%) from the current price of R$7.06, our system finds the risk reward not very attractive.
Is EcoRodovias Infraestrutura e Logística S.A. stock A Buy?
EcoRodovias Infraestrutura e Logística holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.113 Sell Candidate Unchanged
Predicted Opening Price for EcoRodovias Infraestrutura e Logística S.A. of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| R$7.14 ( 1.18%) | R$7.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECOR3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.39 | 4.72 % | |
| R2 | 7.30 | 3.37 % | ||
| R1 | 7.24 | 2.53 % | ||
| Current price: | 7.06 | |||
| Support | S1 | 7.05 | -0.172 % | |
| S2 | 6.99 | -1.01 % | ||
| S3 | 6.89 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.68 | 22.95 % | |
| R2 | 7.25 | 2.69 % | ||
| R1 | 7.19 | 1.84 % | ||
| Current price | 7.06 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ECOR3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jul 29, 2024 | R$0.194 | 2.75% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | R$0.0839 | 1.03% |
| 3 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | R$0.0076 | 0.185% |
| 4 | Nov 06, 2018 | Nov 06, 2018 | Nov 06, 2018 | R$0.345 | 3.90% |
| 5 | May 02, 2018 | May 02, 2018 | May 02, 2018 | R$0.368 | 4.16% |
FAQ
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