Klabin S.A. Stock Forecast
Red day on Friday for Klabin S.A. stock after losing 1.39%
(Updated on May 17, 2024)
The Klabin S.A. stock price fell by -1.39% on the last day (Friday, 17th May 2024) from R$4.33 to R$4.27. During the last trading day the stock fluctuated 2.11% from a day low at R$4.26 to a day high of R$4.35. The price has fallen in 5 of the last 10 days and is down by -9.53% for this period. Volume has increased on the last day by 134 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately R$5.96 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at R$4.27 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Klabin S.A. stock with a 90% probability to be traded between R$4.31 and R$5.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KLBN4.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.235%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Klabin S.A. 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$4.32 and R$4.70. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Klabin S.A. stock
Klabin S.A. finds support from accumulated volume at R$4.26 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$0.0900 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLBN4.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Klabin S.A. to open at R$4.29, and during the day (based on 14 day Average True Range), to move between R$4.17 and R$4.37, which gives a possible trading interval of +/-R$0.102 (+/-2.40%) up or down from last closing price. If Klabin S.A. takes out the full calculated possible swing range there will be an estimated 4.80% 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$4.26 (0.23%) than the resistance at R$4.33 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Klabin S.A. stock A Buy?
Klabin S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.392 Sell Candidate Unchanged
Predicted Opening Price for Klabin S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$4.29 ( 0.546%) | R$4.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLBN4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.38 | 2.65 % | |
| R2 | 4.35 | 1.85 % | ||
| R1 | 4.33 | 1.35 % | ||
| Current price: | 4.27 | |||
| Support | S1 | 4.26 | -0.259 % | |
| S2 | 4.24 | -0.756 % | ||
| S3 | 4.20 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.93 | 15.46 % | |
| R2 | 4.42 | 3.51 % | ||
| R1 | 4.33 | 1.41 % | ||
| Current price | 4.27 | |||
| Support | S1 | 4.26 | -0.234% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KLBN4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 16, 2024 | R$0.0597 | 1.38% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Feb 26, 2024 | R$0.174 | 4.38% |
| 3 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | R$0 | 0% |
| 4 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | R$0.0578 | 1.52% |
| 5 | Aug 07, 2023 | Aug 07, 2023 | Aug 07, 2023 | R$0.0488 | 1.20% |
FAQ
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