Brasilagro Cia Brasileira De Stock Forecast
Red day on Friday for Brasilagro Cia Brasileira De
(Updated on Apr 26, 2024)
No changes to the price of Brasilagro Cia Brasileira De stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 4.17% from a day low at £2.40 to a day high of £2.50. The price has fallen in 4 of the last 10 days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.79% during the next 3 months and, with a 90% probability hold a price between £2.46 and £3.20 at the end of this 3-month period.
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LND.L Signals & Forecast
The Brasilagro Cia Brasileira De 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 £2.55. On a fall, the stock will find some support from the long-term average at approximately £2.27. 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. 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -8.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Brasilagro Cia Brasileira De stock
On the downside, the stock finds support just below today's level from accumulated volume at £2.33 and £2.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Brasilagro Cia Brasileira De finds support just below today's level at £2.33. If this is broken, then the next support from accumulated volume will be at £2.30 and £2.23.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.100 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: £2.36 (-5.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (LND.L) 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 £2.47, and during the day (based on 14 day Average True Range), to move between £2.33 and £2.67, which gives a possible trading interval of +/-£0.168 (+/-6.74%) 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 13.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2.63 (5.00%) than the support at £2.33 (7.00%), 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.
Earnings coming up
Brasilagro Cia Brasileira De Propriedades Agricolas will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Brasilagro Cia Brasileira De Propriedades Agricolas, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.423% in the first trading day after earnings release.
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.
Current score: 0.230 Hold/Accumulate Unchanged
Predicted Opening Price for Brasilagro Cia Brasileira De Propriedades Agricolas of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£2.47 ( 1.33%) | £2.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LND.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.57 | 2.67 % | |
R2 | 2.53 | 1.14 % | ||
R1 | 2.50 | 0.195 % | ||
Current price: | 2.50 | |||
Support | S1 | 2.43 | -2.86 % | |
S2 | 2.40 | -3.81 % | ||
S3 | 2.37 | -5.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.73 | 9.00 % | |
R2 | 2.70 | 8.00 % | ||
R1 | 2.63 | 5.00 % | ||
Current price | 2.50 | |||
Support | S1 | 2.33 | -7.00% | |
S2 | 2.30 | -8.00% | ||
S3 | 2.23 | -11.00% |
FAQ
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