IRB-Brasil Resseguros S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for IRB-Brasil Resseguros S.A.
(Updated on Jun 21, 2024)
The IRB-Brasil Resseguros S.A. stock price gained 0.99% on the last trading day (Friday, 21st Jun 2024), rising from R$31.32 to R$31.63. 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 2.69% from a day low at R$30.83 to a day high of R$31.66. The price has risen in 7 of the last 10 days but is still down by -0.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 191 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately R$32.53 million.
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$30.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.20% during the next 3 months and, with a 90% probability hold a price between R$23.95 and R$30.56 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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IRBR3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.36%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The IRB-Brasil Resseguros 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$34.40. On a fall, the stock will find some support from the short-term average at R$31.43. 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 IRB-Brasil Resseguros S.A. stock
IRB-Brasil Resseguros S.A. finds support from accumulated volume at R$31.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 R$0.83 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: R$29.95 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (IRBR3.SA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect IRB-Brasil Resseguros S.A. to open at R$31.37, and during the day (based on 14 day Average True Range), to move between R$30.57 and R$32.69, which gives a possible trading interval of +/-R$1.06 (+/-3.35%) up or down from last closing price. If IRB-Brasil Resseguros S.A. takes out the full calculated possible swing range there will be an estimated 6.69% 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$31.56 (0.22%) than the resistance at R$34.87 (10.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IRB-Brasil Resseguros S.A. stock A Buy?
IRB-Brasil Resseguros S.A. 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: -0.225 Hold/Accumulate Unchanged
Predicted Opening Price for IRB-Brasil Resseguros S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| R$31.37 ( 0.81%) | R$31.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRBR3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.20 | 1.81% |
| R2 | 31.89 | 0.81% |
| R1 | 31.69 | 0.191% |
| Price | 31.63 | |
| S1 | 31.06 | -1.81% |
| S2 | 30.86 | -2.43% |
| S3 | 30.54 | -3.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.22 | 24.00% |
| R2 | 37.42 | 18.31% |
| R1 | 34.87 | 10.24% |
| Price | 31.63 | |
| S1 | 31.56 | -0.221% |
| S2 | 31.47 | -0.506% |
| S3 | 31.39 | -0.759% |
IRBR3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2020 | Aug 17, 2020 | Aug 17, 2020 | R$0.102 | 0.0547% |
| 2 | Aug 10, 2020 | Aug 10, 2020 | Aug 10, 2020 | R$0.0981 | 0.0515% |
| 3 | Apr 17, 2020 | Apr 17, 2020 | Apr 17, 2020 | R$0.210 | 0.0765% |
| 4 | Nov 19, 2019 | Nov 19, 2019 | Nov 19, 2019 | R$4.90 | 0.579% |
| 5 | Mar 22, 2019 | Mar 22, 2019 | Mar 22, 2019 | R$1.73 | 0.253% |
FAQ
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