METISA Metalúrgica Timboense S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
METISA Metalúrgica Timboense S.A. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The METISA Metalúrgica Timboense S.A. stock price gained 1.62% on the last trading day (Friday, 28th Jun 2024), rising from R$43.79 to R$44.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.49% from a day low at R$43.00 to a day high of R$44.50. The price has risen in 6 of the last 10 days and is up by 10.23% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 7 thousand shares were bought and sold for approximately R$311.50 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.
Given the current short-term trend, the stock is expected to fall -15.32% during the next 3 months and, with a 90% probability hold a price between R$33.01 and R$37.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MTSA4.SA Signals & Forecast
The METISA Metalúrgica Timboense 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$42.39 and R$43.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 METISA Metalúrgica Timboense S.A. stock
METISA Metalúrgica Timboense S.A. finds support from accumulated volume at R$42.36 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$1.50 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: R$42.20 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (MTSA4.SA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect METISA Metalúrgica Timboense S.A. to open at R$44.00, and during the day (based on 14 day Average True Range), to move between R$42.89 and R$46.11, which gives a possible trading interval of +/-R$1.61 (+/-3.63%) up or down from last closing price. If METISA Metalúrgica Timboense S.A. takes out the full calculated possible swing range there will be an estimated 7.25% 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$45.55 (2.36%) than the support at R$42.36 (4.81%), 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 METISA Metalúrgica Timboense S.A. stock A Buy?
METISA Metalúrgica Timboense 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for METISA Metalúrgica Timboense S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| R$44.00 ( 1.12%) | R$44.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTSA4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.50 | 2.25% |
| R2 | 44.93 | 0.96% |
| R1 | 44.57 | 0.164% |
| Price | 44.50 | |
| S1 | 43.43 | -2.41% |
| S2 | 43.07 | -3.21% |
| S3 | 42.50 | -4.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.33 | 8.61% |
| R2 | 46.22 | 3.87% |
| R1 | 45.55 | 2.36% |
| Price | 44.50 | |
| S1 | 42.36 | -4.81% |
| S2 | 41.64 | -6.43% |
| S3 | 41.50 | -6.74% |
MTSA4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | Jun 27, 2024 | R$0.440 | 1.00% |
| 2 | Dec 13, 2023 | Dec 13, 2023 | Mar 14, 2024 | R$0.770 | 1.57% |
| 3 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | R$0.770 | 1.53% |
| 4 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | R$0.660 | 1.41% |
| 5 | May 08, 2023 | May 08, 2023 | May 08, 2023 | R$0.94 | 2.46% |
FAQ
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