Infracommerce CXaaS S.A. Stock Forecast

Green day on Friday for Infracommerce CXaaS S.A. stock after gaining 1.32%
(Updated on Apr 26, 2024)

IFCM3.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.00%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Infracommerce CXaaS 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$0.90. On a fall, the stock will find some support from the short-term average at R$0.741. 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.

Support, Risk & Stop-loss for Infracommerce CXaaS S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at R$0.730 and R$0.720. 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, Infracommerce CXaaS S.A. finds support just below today's level at R$0.730. If this is broken, then the next support from accumulated volume will be at R$0.720 and R$0.700.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved R$0.0400 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 7.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IFCM3.SA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Infracommerce CXaaS S.A. to open at R$0.777, and during the day (based on 14 day Average True Range), to move between R$0.699 and R$0.84, which gives a possible trading interval of +/-R$0.0707 (+/-9.18%) up or down from last closing price. If Infracommerce CXaaS S.A. takes out the full calculated possible swing range there will be an estimated 18.37% 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$0.730 (5.19%) than the resistance at R$0.87 (12.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Infracommerce CXaaS S.A. stock A Buy?

Infracommerce CXaaS 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: -3.513 Sell Candidate Unchanged

Predicted Opening Price for Infracommerce CXaaS S.A. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.