Equatorial Maranhão Distribuidora De Energia S.a Stock Forecast

Buy or Hold candidate since Aug 19, 2025 Gain 9.14%

No changes to the price of Equatorial Maranhão Distribuidora de stock on the last trading day (Monday, 17th Nov 2025). During the last trading day the stock fluctuated 0% from a day low at R$31.99 to a day high of R$31.99. The price has been going up and down for this period, and there has been a 4.27% gain for the last 2 weeks.

The stock lies in the middle of a wide and weak 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 4.00% during the next 3 months and, with a 90% probability hold a price between R$30.66 and R$35.02 at the end of this 3-month period.

EQMA3B.SA Signals & Forecast

The Equatorial Maranhão Distribuidora de 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$31.95 and R$31.08. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, November 14, 2025, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, January 10, 2025 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Equatorial Maranhão Distribuidora de stock

Equatorial Maranhão Distribuidora de finds support from accumulated volume at R$30.68 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.07%

Our recommended stop-loss: R$30.92 (-3.34%) (This stock has very low daily movements and this gives very low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (EQMA3B.SA) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Equatorial Maranhão Distribuidora de Energia S.A. to open at R$31.99, and during the day (based on 14 day Average True Range), to move between R$31.78 and R$32.20, which gives a possible trading interval of +/-R$0.422 (+/-1.33%) up or down from last closing price. If Equatorial Maranhão Distribuidora de Energia S.A. takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at R$32.00 (0.03%) than the support at R$30.68 (4.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Equatorial Maranhão Distribuidora de Energia S.A. stock A Buy?

Equatorial Maranhão Distribuidora de holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on November 18, 2025 - R$31.99 ( 0%).

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