MPM Corpóreos S.A. Stock Forecast
MPM Corpóreos S.A. stock price ended at R$1.01 on Thursday, after losing 0.98%.
(Updated on Jun 20, 2024)
The MPM Corpóreos S.A. stock price fell by -0.98% on the last day (Thursday, 20th Jun 2024) from R$1.02 to R$1.01. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.96% from a day low at R$1.01 to a day high of R$1.05. The price has fallen in 8 of the last 10 days and is down by -11.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -95 thousand shares and in total, 567 thousand shares were bought and sold for approximately R$572.87 thousand.
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 R$1.02. A reaction back to this level may hold a second chance to get out before further falls.
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ESPA3.SA Signals & Forecast
There are few to no technical positive signals at the moment. The MPM Corpóreos 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$1.05 and R$1.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -17.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for MPM Corpóreos S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at R$0.95 and R$0.93. 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, MPM Corpóreos S.A. finds support just below today's level at R$0.95. If this is broken, then the next support from accumulated volume will be at R$0.93 and R$0.90.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.0400 between high and low, or 3.96%. For the last week the stock has had daily average volatility of 3.12%.
MPM Corpóreos S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESPA3.SA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect MPM Corpóreos S.A. to open at R$1.02, and during the day (based on 14 day Average True Range), to move between R$0.97 and R$1.05, which gives a possible trading interval of +/-R$0.0398 (+/-3.94%) up or down from last closing price. If MPM Corpóreos S.A. takes out the full calculated possible swing range there will be an estimated 7.87% 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$0.95 (5.94%) than the resistance at R$1.10 (8.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MPM Corpóreos S.A. stock A Buy?
The MPM Corpóreos S.A. stock holds several negative signals and despite the positive trend, we believe MPM Corpóreos S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.944 Sell Candidate Unchanged
Predicted Opening Price for MPM Corpóreos S.A. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| R$1.02 ( 1.32%) | R$1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESPA3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.06 | 5.28% |
| R2 | 1.05 | 3.77% |
| R1 | 1.04 | 2.83% |
| Price | 1.01 | |
| S1 | 1.01 | -0.193% |
| S2 | 1.00 | -1.13% |
| S3 | 0.98 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.23 | 21.78% |
| R2 | 1.18 | 16.83% |
| R1 | 1.10 | 8.91% |
| Price | 1.01 | |
| S1 | 0.95 | -5.94% |
| S2 | 0.93 | -7.92% |
| S3 | 0.90 | -10.89% |
ESPA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | R$0.0796 | 0.439% |
| 2 | May 03, 2021 | May 03, 2021 | May 03, 2021 | R$0.0587 | 0.361% |
FAQ
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