Oncoclínicas do Brasil Serviços Stock Forecast
Stronger technical forecast for Oncoclínicas do Brasil Serviços stock price after Thursday trading.
(Updated on May 02, 2024)
The Oncoclínicas do Brasil Serviços stock price fell by -2.85% on the last day (Thursday, 2nd May 2024) from R$7.36 to R$7.15. During the last trading day the stock fluctuated 5.48% from a day low at R$7.12 to a day high of R$7.51. The price has risen in 5 of the last 10 days and is up by 5.61% over the past 2 weeks. Volume has increased on the last day by 2 million 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$15.50 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 -33.66% during the next 3 months and, with a 90% probability hold a price between R$4.02 and R$5.56 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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ONCO3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.61%. 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. The Oncoclínicas do Brasil Serviços stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at R$7.27 and R$8.34. A break-up above any of these levels will issue buy signals. 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 Oncoclínicas do Brasil Serviços stock
Oncoclínicas do Brasil Serviços finds support from accumulated volume at R$6.95 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$0.390 between high and low, or 5.48%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: R$6.85 (-4.22%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (ONCO3.SA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Oncoclínicas do Brasil Serviços Médicos S.A. to open at R$7.26, and during the day (based on 14 day Average True Range), to move between R$6.79 and R$7.51, which gives a possible trading interval of +/-R$0.360 (+/-5.03%) up or down from last closing price. If Oncoclínicas do Brasil Serviços Médicos S.A. takes out the full calculated possible swing range there will be an estimated 10.07% 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$6.95 (2.80%) than the resistance at R$7.36 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Oncoclínicas do Brasil Serviços Médicos S.A. stock A Buy?
Oncoclínicas do Brasil Serviços holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
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 Oncoclínicas do Brasil Serviços Médicos S.A. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| R$7.26 ( 1.54%) | R$7.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONCO3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.65 | 6.99 % | |
| R2 | 7.50 | 4.91 % | ||
| R1 | 7.41 | 3.62 % | ||
| Current price: | 7.15 | |||
| Support | S1 | 7.11 | -0.545 % | |
| S2 | 7.02 | -1.83 % | ||
| S3 | 6.87 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.85 | 23.78 % | |
| R2 | 8.30 | 16.08 % | ||
| R1 | 7.36 | 2.94 % | ||
| Current price | 7.15 | |||
| Support | S1 | 6.95 | -2.80% | |
| S2 | 6.77 | -5.31% | ||
| S3 | 0 | . |
FAQ
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