Inepar S.A. Indústria e Construções Stock Forecast
Inepar S.A. Indústria e Construções stock price ended at R$1.85 on Friday, after losing 3.14%.
(Updated on Jun 14, 2024)
The Inepar S.A. Indústria e Construções stock price fell by -3.14% on the last day (Friday, 14th Jun 2024) from R$1.91 to R$1.85. During the last trading day the stock fluctuated 4.86% from a day low at R$1.85 to a day high of R$1.94. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -123 thousand shares and in total, 31 thousand shares were bought and sold for approximately R$56.98 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$1.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -37.58% during the next 3 months and, with a 90% probability hold a price between R$1.04 and R$1.75 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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INEP3.SA Signals & Forecast
There are mixed signals in the stock today. The Inepar S.A. Indústria e Construções stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at R$1.86 and R$2.47. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 4.52%. 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).
Support, Risk & Stop-loss for Inepar S.A. Indústria e Construções stock
Inepar S.A. Indústria e Construções finds support from accumulated volume at R$1.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved R$0.0900 between high and low, or 4.86%. For the last week the stock has had daily average volatility of 10.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INEP3.SA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Inepar S.A. Indústria e Construções to open at R$1.88, and during the day (based on 14 day Average True Range), to move between R$1.68 and R$2.02, which gives a possible trading interval of +/-R$0.166 (+/-8.95%) up or down from last closing price. If Inepar S.A. Indústria e Construções takes out the full calculated possible swing range there will be an estimated 17.90% 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$1.82 (1.62%) than the resistance at R$1.91 (3.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inepar S.A. Indústria e Construções stock A Buy?
Inepar S.A. Indústria e Construções 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: -2.981 Sell Candidate Unchanged
Predicted Opening Price for Inepar S.A. Indústria e Construções of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| R$1.88 ( 1.62%) | R$1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INEP3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.97 | 6.49% |
| R2 | 1.94 | 4.63% |
| R1 | 1.91 | 3.48% |
| Price | 1.85 | |
| S1 | 1.85 | -0.237% |
| S2 | 1.82 | -1.38% |
| S3 | 1.79 | -3.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.00 | 8.11% |
| R2 | 1.97 | 6.49% |
| R1 | 1.91 | 3.24% |
| Price | 1.85 | |
| S1 | 1.82 | -1.62% |
| S2 | 1.80 | -2.70% |
| S3 | 1.77 | -4.32% |
INEP3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2011 | May 03, 2011 | May 03, 2011 | R$0.103 | 0.425% |
FAQ
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