Odontoprev S.A. Stock Forecast
Odontoprev S.A. stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
No changes to the price of Odontoprev S.A. stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at R$11.95 to a day high of R$11.95. The price has risen in 7 of the last 10 days and is up by 11.27% over the past 2 weeks.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is R$11.89, a level that may pose a second chance to hit a runner. According to fan-theory R$13.38 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ODPV3.SA Signals & Forecast
The Odontoprev 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$11.58 and R$11.84. 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 Monday, April 29, 2024, and so far it has fallen -0.0836%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Odontoprev S.A. stock
Odontoprev S.A. finds support from accumulated volume at R$11.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.21%
Our recommended stop-loss: R$11.49 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ODPV3.SA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Odontoprev S.A. to open at R$11.95, and during the day (based on 14 day Average True Range), to move between R$11.65 and R$12.25, which gives a possible trading interval of +/-R$0.300 (+/-2.51%) up or down from last closing price. If Odontoprev S.A. takes out the full calculated possible swing range there will be an estimated 5.02% 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$11.72 (1.92%) than the resistance at R$12.70 (6.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Odontoprev S.A. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for Odontoprev S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.30% in the first trading day after earnings release.
Is Odontoprev S.A. stock A Buy?
Odontoprev 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.465 Hold/Accumulate Upgraded
Predicted Opening Price for Odontoprev S.A. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
R$11.95 ( 0.00000000%) | R$11.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODPV3.SA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.95 | 0.00000000 % | |
R2 | 11.95 | 0.00000000 % | ||
R1 | 11.95 | 0.00000000 % | ||
Current price: | 11.95 | |||
Support | S1 | 11.95 | 0.00000000 % | |
S2 | 11.95 | 0.00000000 % | ||
S3 | 11.95 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.18 | 10.29 % | |
R2 | 13.00 | 8.79 % | ||
R1 | 12.70 | 6.28 % | ||
Current price | 11.95 | |||
Support | S1 | 11.72 | -1.92% | |
S2 | 11.54 | -3.43% | ||
S3 | 10.85 | -9.21% |
ODPV3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 15, 2024 | Aug 21, 2024 | R$0.362 | 3.03% |
2 | Apr 02, 2024 | Apr 02, 2024 | Aug 21, 2024 | R$0.0350 | 0.293% |
3 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | R$0 | 0% |
4 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | R$0.0372 | 0.364% |
5 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | R$0.0372 | 0.355% |
FAQ
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