Eucatex S.A. Indústria e Comércio Stock Forecast
Eucatex S.A. Indústria e Comércio stock price ended at R$15.01 on Tuesday, after gaining 1.21%.
(Updated on Jun 25, 2024)
The Eucatex S.A. Indústria e Comércio stock price gained 1.21% on the last trading day (Tuesday, 25th Jun 2024), rising from R$14.83 to R$15.01. During the last trading day the stock fluctuated 4.96% from a day low at R$14.73 to a day high of R$15.46. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 40 thousand shares were bought and sold for approximately R$604.90 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at R$15.06 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.48% during the next 3 months and, with a 90% probability hold a price between R$10.20 and R$12.58 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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EUCA4.SA Signals & Forecast
The Eucatex S.A. Indústria e Comércio 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$14.90 and R$14.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 11.10%. Further rise is indicated until a new top pivot has been found. 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. 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.
Support, Risk & Stop-loss for Eucatex S.A. Indústria e Comércio stock
On the downside, the stock finds support just below today's level from accumulated volume at R$14.16 and R$13.93. 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, Eucatex S.A. Indústria e Comércio finds support just below today's level at R$14.16. If this is broken, then the next support from accumulated volume will be at R$13.93 and R$13.60.
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$0.730 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: R$14.54 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 75 days ago.)
Trading Expectations (EUCA4.SA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Eucatex S.A. Indústria e Comércio to open at R$15.07, and during the day (based on 14 day Average True Range), to move between R$14.45 and R$15.57, which gives a possible trading interval of +/-R$0.562 (+/-3.75%) up or down from last closing price. If Eucatex S.A. Indústria e Comércio takes out the full calculated possible swing range there will be an estimated 7.49% 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$15.25 (1.60%) than the support at R$14.16 (5.66%), 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 Eucatex S.A. Indústria e Comércio stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.318 Buy Candidate Unchanged
Predicted Opening Price for Eucatex S.A. Indústria e Comércio of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| R$15.07 ( 0.378%) | R$15.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUCA4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.80 | 5.24% |
| R2 | 15.52 | 3.38% |
| R1 | 15.35 | 2.24% |
| Price | 15.01 | |
| S1 | 14.79 | -1.48% |
| S2 | 14.62 | -2.63% |
| S3 | 14.34 | -4.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.50 | 9.93% |
| R2 | 16.34 | 8.86% |
| R1 | 15.25 | 1.60% |
| Price | 15.01 | |
| S1 | 14.16 | -5.66% |
| S2 | 13.93 | -7.20% |
| S3 | 13.60 | -9.39% |
EUCA4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | R$0.270 | 1.69% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | R$0.650 | 4.21% |
| 3 | Jan 03, 2023 | Jan 03, 2023 | Jan 03, 2023 | R$0.790 | 10.66% |
| 4 | Dec 22, 2021 | Dec 22, 2021 | Dec 22, 2021 | R$0.283 | 3.29% |
| 5 | May 12, 2021 | May 12, 2021 | May 12, 2021 | R$0.188 | 1.60% |
FAQ
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