Brasilagro Cia Brasileira De Stock Forecast
Brasilagro Cia Brasileira De stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Brasilagro Cia Brasileira De stock price gained 2.70% on the last trading day (Friday, 26th Apr 2024), rising from $4.82 to $4.95. During the last trading day the stock fluctuated 2.06% from a day low at $4.86 to a day high of $4.96. The price has risen in 5 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 15 thousand shares were bought and sold for approximately $74.04 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brasilagro Cia Brasileira De stock with a 90% probability to be traded between $4.68 and $5.09 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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LND Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Brasilagro Cia Brasileira De stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.93 and $4.86. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Brasilagro Cia Brasileira De stock
Brasilagro Cia Brasileira De finds support from accumulated volume at $4.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.1000 between high and low, or 2.06%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $4.76 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (LND) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Brasilagro Cia Brasileira De Propriedades Agricolas to open at $4.92, and during the day (based on 14 day Average True Range), to move between $4.83 and $5.07, which gives a possible trading interval of +/-$0.118 (+/-2.39%) up or down from last closing price. If Brasilagro Cia Brasileira De Propriedades Agricolas takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.96 (0.20%) than the support at $4.83 (2.42%), 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 Brasilagro Cia Brasileira De Propriedades Agricolas stock A Buy?
Brasilagro Cia Brasileira De 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: -0.213 Hold/Accumulate Upgraded
Predicted Opening Price for Brasilagro Cia Brasileira De Propriedades Agricolas of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.92 ( 0.539%) | $4.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LND
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.02 | 1.48 % | |
R2 | 4.99 | 0.710 % | ||
R1 | 4.96 | 0.233 % | ||
Current price: | 4.95 | |||
Support | S1 | 4.89 | -1.31 % | |
S2 | 4.86 | -1.79 % | ||
S3 | 4.82 | -2.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.01 | 1.21 % | |
R2 | 4.99 | 0.81 % | ||
R1 | 4.96 | 0.202 % | ||
Current price | 4.95 | |||
Support | S1 | 4.83 | -2.42% | |
S2 | 4.81 | -2.83% | ||
S3 | 4.80 | -3.03% |
LND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 12, 2023 | Oct 25, 2023 | Nov 18, 2023 | $0.641 | 13.02% |
2 | Oct 05, 2022 | Oct 28, 2022 | Nov 28, 2022 | $0.622 | 12.37% |
3 | Apr 07, 2022 | Apr 14, 2022 | May 09, 2022 | $0.424 | 6.58% |
4 | Sep 30, 2021 | Oct 28, 2021 | Nov 22, 2021 | $0.487 | 10.94% |
5 | Sep 28, 2020 | Oct 19, 2020 | Nov 23, 2020 | $0.127 | 2.63% |
FAQ
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