Lupatech S.A. Stock Forecast

Lupatech S.A. stock price up 1.87% on Friday
(Updated on May 17, 2024)

LUPA3.SA Signals & Forecast

The Lupatech 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$1.54 and R$1.57. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen -0.610%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

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

On the downside, the stock finds support just below today's level from accumulated volume at R$1.46 and R$1.45. 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, Lupatech S.A. finds support just below today's level at R$1.46. If this is broken, then the next support from accumulated volume will be at R$1.45 and R$1.37.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.0800 between high and low, or 5.16%. For the last week the stock has had daily average volatility of 6.50%.

Our recommended stop-loss: R$1.57 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (LUPA3.SA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Lupatech S.A. to open at R$1.60, and during the day (based on 14 day Average True Range), to move between R$1.53 and R$1.73, which gives a possible trading interval of +/-R$0.0980 (+/-6.01%) up or down from last closing price. If Lupatech S.A. takes out the full calculated possible swing range there will be an estimated 12.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at R$1.64 (0.61%) than the support at R$1.46 (10.43%), 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 Lupatech S.A. stock A Buy?

Lupatech 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.

Current score: -0.288 Hold/Accumulate Unchanged

Predicted Opening Price for Lupatech S.A. of Monday, May 20, 2024

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