Light S.A. Stock Forecast

Light S.A. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

LIGT3.SA Signals & Forecast

Mostly positive signals in the chart today. The Light S.A. 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$5.55. On a fall, the stock will find some support from the long-term average at approximately R$5.15. 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. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.73%. 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. The stock had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Light S.A. stock

Light S.A. finds support from accumulated volume at R$5.16 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$0.220 between high and low, or 4.30%. For the last week, the stock has had daily average volatility of 6.94%.

Our recommended stop-loss: R$5.01 (-5.37%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (LIGT3.SA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Light S.A. to open at R$5.25, and during the day (based on 14 day Average True Range), to move between R$4.96 and R$5.62, which gives a possible trading interval of +/-R$0.331 (+/-6.25%) up or down from last closing price. If Light S.A. takes out the full calculated possible swing range there will be an estimated 12.50% 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$5.16 (2.46%) than the resistance at R$5.67 (7.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Light S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Light S.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.035 Buy Candidate Upgraded

Predicted Opening Price for Light S.A. of Monday, June 17, 2024

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