Corporativo Fragua, S.A.B. de C.V. Stock Forecast
Corporativo Fragua, S.A.B. de C.V. stock price up 0.98% on Tuesday
(Updated on Jul 02, 2024)
The Corporativo Fragua, S.A.B. de C.V. stock price gained 0.98% on the last trading day (Tuesday, 2nd Jul 2024), rising from $930.88 to $940.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.07% from a day low at $935.00 to a day high of $944.99. The price has risen in 9 of the last 10 days and is up by 11.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $10.08 million.
The stock lies in the middle of a wide and strong 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 26.53% during the next 3 months and, with a 90% probability hold a price between $1,116.79 and $1,238.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FRAGUAB.MX Signals & Forecast
The Corporativo Fragua, S.A.B. de C.V. 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 $920.68 and $866.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 12.30%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Corporativo Fragua, S.A.B. de C.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at $810.00 and $799.00. 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, Corporativo Fragua, S.A.B. de C.V. finds support just below today's level at $810.00. If this is broken, then the next support from accumulated volume will be at $799.00 and $750.00.
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 $9.99 between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 1.89%.
The Corporativo Fragua, S.A.B. de C.V. stock is extremely overbought on RSI14 (99). This increases the short-term risk substantially.
Our recommended stop-loss: $911.61 (-3.02%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 99 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (FRAGUAB.MX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Corporativo Fragua, S.A.B. de C.V. to open at $940.00, and during the day (based on 14 day Average True Range), to move between $917.40 and $962.60, which gives a possible trading interval of +/-$22.60 (+/-2.40%) up or down from last closing price. If Corporativo Fragua, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $810.00, some $130.00 (13.83%) from the current price of $940.00, our system finds the risk reward attractive.
Is Corporativo Fragua, S.A.B. de C.V. stock A Buy?
Corporativo Fragua, S.A.B. de C.V. 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Opening Price for Corporativo Fragua, S.A.B. de C.V. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $940.00 ( 0.0004%) | $940.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRAGUAB.MX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 949.99 | 1.06% |
| R2 | 946.17 | 0.656% |
| R1 | 943.81 | 0.406% |
| Price | 940.00 | |
| S1 | 936.18 | -0.406% |
| S2 | 933.82 | -0.657% |
| S3 | 930.01 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 940.00 | |
| S1 | 810.00 | -13.83% |
| S2 | 799.00 | -15.00% |
| S3 | 750.00 | -20.21% |
FRAGUAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | $13.00 | 1.71% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | $11.30 | 2.46% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | $10.20 | 3.22% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | $9.50 | 3.35% |
| 5 | May 04, 2020 | May 04, 2020 | May 04, 2020 | $3.10 | 1.36% |
FAQ
Click here for our free guide on how to buy Corporativo Fragua, S.A.B. de C.V. Stock.
