MAHLE Metal Leve S.A. Stock Forecast
A very strong day for MAHLE Metal Leve S.A. stock price on Monday
(Updated on Jun 24, 2024)
The MAHLE Metal Leve S.A. stock price gained 5.45% on the last trading day (Monday, 24th Jun 2024), rising from R$31.01 to R$32.70. It has now gained 4 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 5.74% from a day low at R$31.01 to a day high of R$32.79. The price has risen in 5 of the last 10 days and is up by 6.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 334 thousand more shares were traded than the day before. In total, 572 thousand shares were bought and sold for approximately R$18.70 million.
Given the current short-term trend, the stock is expected to fall -9.78% during the next 3 months and, with a 90% probability hold a price between R$27.12 and R$29.50 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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LEVE3.SA Signals & Forecast
The MAHLE Metal Leve S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at R$30.92 and R$31.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 7.99%. 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.
Support, Risk & Stop-loss for MAHLE Metal Leve S.A. stock
MAHLE Metal Leve S.A. finds support from accumulated volume at R$32.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved R$1.78 (5.74%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: R$30.98 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (LEVE3.SA) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect MAHLE Metal Leve S.A. to open at R$32.17, and during the day (based on 14 day Average True Range), to move between R$31.99 and R$33.41, which gives a possible trading interval of +/-R$0.710 (+/-2.17%) up or down from last closing price. If MAHLE Metal Leve S.A. takes out the full calculated possible swing range there will be an estimated 4.34% 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$32.67 (0.09%) than the resistance at R$32.77 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MAHLE Metal Leve S.A. stock A Buy?
MAHLE Metal Leve 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for MAHLE Metal Leve S.A. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| R$32.17 ( 1.63%) | R$32.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEVE3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.95 | 3.81% |
| R2 | 33.27 | 1.73% |
| R1 | 32.85 | 0.448% |
| Price | 32.70 | |
| S1 | 31.49 | -3.71% |
| S2 | 31.07 | -5.00% |
| S3 | 30.39 | -7.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.91 | 3.70% |
| R2 | 33.61 | 2.78% |
| R1 | 32.77 | 0.214% |
| Price | 32.70 | |
| S1 | 32.67 | -0.0917% |
| S2 | 31.54 | -3.55% |
| S3 | 30.64 | -6.30% |
LEVE3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 29, 2024 | R$1.63 | 5.08% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | R$0.168 | 0.507% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | R$0.651 | 2.18% |
| 4 | Nov 03, 2023 | Nov 03, 2023 | Nov 03, 2023 | R$5.54 | 19.39% |
| 5 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | R$1.90 | 8.39% |
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