Nexa Resources S.A. Stock Forecast
Red day on Thursday for Nexa Resources S.A.
(Updated on Mar 28, 2024)
No changes to the price of Nexa Resources S.A. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 3.11% from a day low at $7.08 to a day high of $7.30. The price has risen in 5 of the last 10 days but is still down by -0.97% for this period.
The stock lies in the middle of a wide and weak 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 4.31% during the next 3 months and, with a 90% probability hold a price between $7.12 and $7.85 at the end of this 3-month period.
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NEXA Signals & Forecast
The Nexa Resources S.A. 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 $7.37. On a fall, the stock will find some support from the long-term average at approximately $7.01. 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 Monday, March 25, 2024, and so far it has fallen -4.66%. 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".
Support, Risk & Stop-loss for Nexa Resources S.A. stock
Nexa Resources S.A. finds support from accumulated volume at $6.99 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 $0.220 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: $6.77 (-5.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (NEXA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nexa Resources S.A. to open at $7.18, and during the day (based on 14 day Average True Range), to move between $7.00 and $7.32, which gives a possible trading interval of +/-$0.160 (+/-2.23%) up or down from last closing price. If Nexa Resources S.A. takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.31 (2.09%) than the support at $6.99 (2.37%), 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 Nexa Resources S.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nexa Resources S.A. stock to perform well in the short-term.
Current score: 1.293 Buy Candidate Unchanged
Predicted Opening Price for Nexa Resources S.A. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.18 ( 0.279%) | $7.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.40 | 3.35 % | |
R2 | 7.32 | 2.18 % | ||
R1 | 7.26 | 1.45 % | ||
Current price: | 7.16 | |||
Support | S1 | 7.10 | -0.89 % | |
S2 | 7.04 | -1.62 % | ||
S3 | 6.96 | -2.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.51 | 4.89 % | |
R2 | 7.48 | 4.47 % | ||
R1 | 7.31 | 2.09 % | ||
Current price | 7.16 | |||
Support | S1 | 6.99 | -2.37% | |
S2 | 6.98 | -2.51% | ||
S3 | 6.92 | -3.35% |
NEXA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.189 | 3.16% |
2 | Feb 16, 2022 | Mar 10, 2022 | Mar 25, 2022 | $0.378 | 4.10% |
3 | Feb 12, 2021 | Mar 11, 2021 | Mar 26, 2021 | $0.264 | 2.60% |
4 | Feb 13, 2020 | Mar 13, 2020 | Mar 30, 2020 | $0.378 | 12.27% |
5 | Feb 15, 2019 | Mar 13, 2019 | Mar 28, 2019 | $0.525 | 4.26% |
FAQ
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