Multilaser Industrial S.A. Stock Forecast
Multilaser Industrial S.A. stock price ended at R$2.00 on Wednesday, after gaining 3.63%.
(Updated on May 08, 2024)
The Multilaser Industrial S.A. stock price gained 3.63% on the last trading day (Wednesday, 8th May 2024), rising from R$1.93 to R$2.00. During the last trading day the stock fluctuated 4.69% from a day low at R$1.92 to a day high of R$2.01. The price has risen in 5 of the last 10 days and is up by 1.52% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately R$3.84 million. 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 at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at R$1.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Multilaser Industrial S.A. stock with a 90% probability to be traded between R$1.91 and R$2.62 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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MLAS3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 5.26%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Multilaser Industrial S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$2.16. On a fall, the stock will find some support from the short-term average at R$1.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Multilaser Industrial S.A. stock
Multilaser Industrial S.A. finds support from accumulated volume at R$1.97 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$0.0900 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 6.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MLAS3.SA) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Multilaser Industrial S.A. to open at R$1.98, and during the day (based on 14 day Average True Range), to move between R$1.88 and R$2.12, which gives a possible trading interval of +/-R$0.118 (+/-5.91%) up or down from last closing price. If Multilaser Industrial S.A. takes out the full calculated possible swing range there will be an estimated 11.81% 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$1.97 (1.50%) than the resistance at R$2.07 (3.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Multilaser Industrial S.A. stock A Buy?
Multilaser Industrial S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.828 Sell Candidate Unchanged
Predicted Opening Price for Multilaser Industrial S.A. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| R$1.98 ( 1.17%) | R$2.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLAS3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.07 | 3.33 % | |
| R2 | 2.03 | 1.61 % | ||
| R1 | 2.01 | 0.552 % | ||
| Current price: | 2.00 | |||
| Support | S1 | 1.94 | -2.89 % | |
| S2 | 1.92 | -3.95 % | ||
| S3 | 1.89 | -5.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.45 | 22.50 % | |
| R2 | 2.09 | 4.50 % | ||
| R1 | 2.07 | 3.50 % | ||
| Current price | 2.00 | |||
| Support | S1 | 1.97 | -1.50% | |
| S2 | 1.96 | -2.00% | ||
| S3 | 1.93 | -3.50% |
MLAS3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2022 | May 06, 2022 | May 06, 2022 | R$0.123 | 2.56% |
FAQ
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