Multilaser Industrial S.A. Stock Forecast
Stronger technical forecast for Multilaser Industrial S.A. stock price after Friday trading.
(Updated on May 17, 2024)
The Multilaser Industrial S.A. stock price fell by -1.36% on the last day (Friday, 17th May 2024) from R$2.20 to R$2.17. During the last trading day the stock fluctuated 6.54% from a day low at R$2.14 to a day high of R$2.28. The price has fallen in 7 of the last 10 days but is still up by 3.83% over the past 2 weeks. Volume has increased on the last day by 349 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately R$4.03 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.12% during the next 3 months and, with a 90% probability hold a price between R$1.80 and R$2.45 at the end of this 3-month period.
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MLAS3.SA Signals & Forecast
The Multilaser Industrial 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$2.07 and R$2.13. 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 -4.41%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Multilaser Industrial S.A. stock
Multilaser Industrial S.A. finds support from accumulated volume at R$2.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved R$0.140 between high and low, or 6.54%. For the last week, the stock has had daily average volatility of 7.32%.
Our recommended stop-loss: R$2.07 (-4.41%) (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 (MLAS3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Multilaser Industrial S.A. to open at R$2.20, and during the day (based on 14 day Average True Range), to move between R$2.04 and R$2.30, which gives a possible trading interval of +/-R$0.125 (+/-5.78%) 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 11.56% 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$2.09 (3.69%) than the resistance at R$2.27 (4.61%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.240 Buy Candidate Upgraded
Predicted Opening Price for Multilaser Industrial S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$2.20 ( 1.23%) | R$2.17 |
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 | 2.34 | 7.68 % | |
| R2 | 2.28 | 5.22 % | ||
| R1 | 2.25 | 3.69 % | ||
| Current price: | 2.17 | |||
| Support | S1 | 2.14 | -1.24 % | |
| S2 | 2.11 | -2.76 % | ||
| S3 | 2.06 | -5.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.45 | 12.90 % | |
| R2 | 2.40 | 10.60 % | ||
| R1 | 2.27 | 4.61 % | ||
| Current price | 2.17 | |||
| Support | S1 | 2.09 | -3.69% | |
| S2 | 2.06 | -5.07% | ||
| S3 | 1.97 | -9.22% |
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% |
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