Centrais Elétricas Brasileiras S.A. - Stock Forecast
Centrais Elétricas Brasileiras S.A. - stock price ended at R$36.20 on Monday, after losing 0%.
(Updated on May 27, 2024)
No changes to the price of Centrais Elétricas Brasileiras S.A. - stock on the last trading day (Monday, 27th May 2024). During the last trading day the stock fluctuated 1.05% from a day low at R$36.06 to a day high of R$36.44. The price has fallen in 5 of the last 10 days and is down by -4.59% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$35.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.14% during the next 3 months and, with a 90% probability hold a price between R$29.74 and R$31.44 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.
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ELET3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.166%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Centrais Elétricas Brasileiras 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 R$36.77 and R$38.06. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Centrais Elétricas Brasileiras S.A. - stock
Centrais Elétricas Brasileiras S.A. - finds support from accumulated volume at R$36.14 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 R$0.380 between high and low, or 1.05%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELET3.SA) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Centrais Elétricas Brasileiras S.A. - Eletrobrás to open at R$36.23, and during the day (based on 14 day Average True Range), to move between R$35.32 and R$37.08, which gives a possible trading interval of +/-R$0.88 (+/-2.42%) up or down from last closing price. If Centrais Elétricas Brasileiras S.A. - Eletrobrás takes out the full calculated possible swing range there will be an estimated 4.84% 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$36.14 (0.17%) than the resistance at R$37.10 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Centrais Elétricas Brasileiras S.A. - Eletrobrás stock A Buy?
Centrais Elétricas Brasileiras S.A. - 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: -2.566 Sell Candidate Unchanged
Predicted Opening Price for Centrais Elétricas Brasileiras S.A. - Eletrobrás of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| R$36.23 ( 0.0921%) | R$36.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELET3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.61 | 1.14 % | |
| R2 | 36.47 | 0.741 % | ||
| R1 | 36.38 | 0.493 % | ||
| Current price: | 36.20 | |||
| Support | S1 | 36.09 | -0.309 % | |
| S2 | 36.00 | -0.557 % | ||
| S3 | 35.85 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.00 | 18.78 % | |
| R2 | 38.84 | 7.29 % | ||
| R1 | 37.10 | 2.49 % | ||
| Current price | 36.20 | |||
| Support | S1 | 36.14 | -0.166% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ELET3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 01, 2024 | R$0.404 | 1.07% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | R$0.221 | 0.653% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | R$0.774 | 1.92% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | R$0.96 | 2.67% |
| 5 | Feb 04, 2021 | Feb 04, 2021 | Feb 04, 2021 | R$1.44 | 5.04% |
FAQ
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