Intelbras S.A. - Indústria de Stock Forecast

Red day on Friday for Intelbras S.A. - Indústria de stock after losing 1.08%
(Updated on May 10, 2024)

INTB3.SA Signals & Forecast

The Intelbras S.A. - Indústria de stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately R$23.06. On a fall, the stock will find some support from the long-term average at approximately R$20.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -3.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Intelbras S.A. - Indústria de stock

Intelbras S.A. - Indústria de finds support from accumulated volume at R$22.40 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 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$0.720 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 3.79%.

The Intelbras S.A. - Indústria de stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: R$21.94 (-4.47%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (INTB3.SA) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira to open at R$23.10, and during the day (based on 14 day Average True Range), to move between R$22.14 and R$23.80, which gives a possible trading interval of +/-R$0.83 (+/-3.63%) up or down from last closing price. If Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira takes out the full calculated possible swing range there will be an estimated 7.26% 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$23.07 (0.44%) than the support at R$22.40 (2.48%), 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 Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Intelbras S.A. - Indústria de stock to perform well in the short-term period.

Current score: 1.226 Buy Candidate Unchanged

Predicted Opening Price for Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira of Monday, May 13, 2024

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