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AI Analysis of IGTI11.SA
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Iguatemi S.A. stock price down 0% on Tuesday
(Updated on Jun 25, 2024)

Sell candidate since Jun 24, 2024 PDF

No changes to the price of Iguatemi S.A. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at R$20.34 to a day high of R$20.34. The price has risen in 5 of the last 10 days and is up by 0.74% over the past 2 weeks.

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$20.57 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 -14.53% during the next 3 months and, with a 90% probability hold a price between R$15.38 and R$17.58 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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IGTI11.SA Signals & Forecast

There are mixed signals in the stock today. The Iguatemi 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$20.40. On a fall, the stock will find some support from the short-term average at R$19.74. 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 Monday, June 24, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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

Iguatemi S.A. finds support from accumulated volume at R$19.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.68%

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

Trading Expectations (IGTI11.SA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Iguatemi S.A. to open at R$20.34, and during the day (based on 14 day Average True Range), to move between R$19.84 and R$20.84, which gives a possible trading interval of +/-R$0.502 (+/-2.47%) up or down from last closing price. If Iguatemi S.A. takes out the full calculated possible swing range there will be an estimated 4.94% 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$20.82 (2.36%) than the support at R$19.78 (2.75%), 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 Iguatemi S.A. stock A Buy?

Iguatemi 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: -4.307 Sell Candidate Unchanged

Predicted Opening Price for Iguatemi S.A. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
R$20.34 ( 0%) R$20.34

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

Trading levels for IGTI11.SA

Fibonacci Support & Resistance Levels

Level Price
R3 20.34 -
R2 20.34 -
R1 20.34 -
Price 20.34
S1 20.34 -
S2 20.34 -
S3 20.34 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 21.13 3.88%
R2 20.92 2.85%
R1 20.82 2.36%
Price 20.34
S1 19.78 -2.75%
S2 19.72 -3.05%
S3 19.36 -4.82%

IGTI11 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 19, 2024 Apr 19, 2024 Jul 30, 2024 R$0.505 2.49%
2 Feb 26, 2024 Feb 26, 2024 Mar 04, 2024 R$0.168 0.716%
3 Apr 24, 2023 Apr 24, 2023 Apr 24, 2023 R$0.275 1.42%
4 Mar 06, 2023 Mar 06, 2023 Mar 06, 2023 R$0.0915 0.495%
5 May 02, 2022 May 02, 2022 May 02, 2022 R$0.341 1.68%

FAQ

What is the symbol for Iguatemi S.A. Stock and on which exchange is it traded?
The symbol for Iguatemi S.A. is IGTI11.SA and it is traded on the SAO (São Paulo).

Should I buy or sell Iguatemi S.A. Stock?
Iguatemi 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.

How to buy Iguatemi S.A. Stock?
Iguatemi S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Iguatemi S.A. Stock.

What's the current price of Iguatemi S.A. Stock?
As of the end of day on the Jun 25, 2024, the price of an Iguatemi S.A. (IGTI11.SA) share was R$20.34.

What is the 52-week high and low for Iguatemi S.A. Stock?
The 52-week high for Iguatemi S.A. Stock is R$24.88 and the 52-week low is R$18.74.

What is the market capitalization of Iguatemi S.A. Stock?
As of the Jun 25, 2024, the market capitalization of Iguatemi S.A. is 24.822B.

When is the next earnings date for Iguatemi S.A.?
The upcoming earnings date for Iguatemi S.A. is Aug 06, 2024.
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