MPM Corpóreos S.A. Stock Forecast
MPM Corpóreos S.A. stock price up 0.98% on Thursday
(Updated on Jul 04, 2024)
The MPM Corpóreos S.A. stock price gained 0.98% on the last trading day (Thursday, 4th Jul 2024), rising from R$1.02 to R$1.03. During the last trading day the stock fluctuated 4.95% from a day low at R$1.01 to a day high of R$1.06. The price has risen in 6 of the last 10 days and is up by 1.98% over the past 2 weeks. Volume fell on the last day by -164 thousand shares and in total, 473 thousand shares were bought and sold for approximately R$486.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$1.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.10% during the next 3 months and, with a 90% probability hold a price between R$1.12 and R$1.46 at the end of this 3-month period.
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ESPA3.SA Signals & Forecast
There are mixed signals in the stock today. The MPM Corpóreos S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$1.10. On a fall, the stock will find some support from the short-term average at R$1.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -16.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MPM Corpóreos S.A. stock
MPM Corpóreos S.A. finds support from accumulated volume at R$1.01 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.0500 between high and low, or 4.95%. For the last week the stock has had daily average volatility of 3.42%.
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 5th
For the upcoming trading day on Friday, 5th we expect MPM Corpóreos S.A. to open at R$1.03, and during the day (based on 14 day Average True Range), to move between R$0.99 and R$1.07, which gives a possible trading interval of +/-R$0.0362 (+/-3.51%) 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 7.02% 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$1.01 (1.94%) than the resistance at R$1.10 (6.80%), 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?
MPM Corpóreos S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.866 Sell Candidate Unchanged
Predicted Opening Price for MPM Corpóreos S.A. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| R$1.03 ( 0.324%) | R$1.03 |
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 | 1.08 | 5.18% |
| R2 | 1.06 | 3.32% |
| R1 | 1.05 | 2.18% |
| Price | 1.03 | |
| S1 | 1.01 | -1.53% |
| S2 | 1.00 | -2.68% |
| S3 | 0.98 | -4.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.23 | 19.42% |
| R2 | 1.18 | 14.56% |
| R1 | 1.10 | 6.80% |
| Price | 1.03 | |
| S1 | 1.01 | -1.94% |
| S2 | 0.95 | -7.77% |
| S3 | 0.93 | -9.71% |
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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