Embraer-Empresa Brasileira de Stock Forecast
Evaluation of Embraer-Empresa Brasileira de stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Embraer-Empresa Brasileira de stock price fell by -0.538% on the last day (Tuesday, 2nd Jul 2024) from $26.04 to $25.90. During the last trading day the stock fluctuated 2.61% from a day low at $25.24 to a day high of $25.90. The price has fallen in 6 of the last 10 days and is down by -6.67% for this period. Volume has increased on the last day by 140 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, 1 million shares were bought and sold for approximately $37.90 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $25.91. A reaction back to this level may hold a second chance to get out before further falls.
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ERJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.388%. 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 Embraer-Empresa Brasileira de 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 $26.88 and $28.36. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Embraer-Empresa Brasileira de stock
Embraer-Empresa Brasileira de finds support from accumulated volume at $25.80 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 $0.660 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ERJ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Embraer-Empresa Brasileira de Aeronautica to open at $25.68, and during the day (based on 14 day Average True Range), to move between $24.90 and $26.90, which gives a possible trading interval of +/-$1.00 (+/-3.86%) up or down from last closing price. If Embraer-Empresa Brasileira de Aeronautica takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.80 (0.39%) than the resistance at $28.85 (11.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Embraer-Empresa Brasileira de Aeronautica stock A Buy?
The Embraer-Empresa Brasileira de stock holds several negative signals and despite the positive trend, we believe Embraer-Empresa Brasileira de will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.066 Sell Candidate Downgraded
Predicted Opening Price for Embraer-Empresa Brasileira de Aeronautica of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $25.68 ( 0.85%) | $25.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.34 | 1.70% |
| R2 | 26.09 | 0.725% |
| R1 | 25.93 | 0.124% |
| Price | 25.90 | |
| S1 | 25.43 | -1.82% |
| S2 | 25.27 | -2.42% |
| S3 | 25.02 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.35 | 17.18% |
| R2 | 29.99 | 15.79% |
| R1 | 28.85 | 11.39% |
| Price | 25.90 | |
| S1 | 25.80 | -0.386% |
| S2 | 25.65 | -0.97% |
| S3 | 24.29 | -6.22% |
ERJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 17, 2018 | Dec 28, 2018 | Jan 18, 2019 | $0.0100 | 0.0476% |
| 2 | Sep 17, 2018 | Sep 26, 2018 | Oct 18, 2018 | $0.0100 | 0.0494% |
| 3 | Jun 18, 2018 | Jun 27, 2018 | Jul 20, 2018 | $0.0210 | 0.0964% |
| 4 | Apr 16, 2018 | Apr 25, 2018 | May 29, 2018 | $0.0840 | 0.355% |
| 5 | Mar 07, 2018 | Mar 19, 2018 | Apr 18, 2018 | $0.0250 | 0.0925% |
FAQ
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