Pet Center Comércio e Participações Stock Forecast

Pet Center Comércio e Participações stock price ended at R$4.45 on Friday, after gaining 1.14%.
(Updated on May 17, 2024)

PETZ3.SA Signals & Forecast

The Pet Center Comércio e Participações 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 R$4.50. On a fall, the stock will find some support from the long-term average at approximately R$4.40. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 22, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Pet Center Comércio e Participações stock

On the downside, the stock finds support just below today's level from accumulated volume at R$4.18 and R$3.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pet Center Comércio e Participações finds support just below today's level at R$4.18. If this is broken, then the next support from accumulated volume will be at R$3.95 and R$3.77.

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$0.180 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 4.06%.

Our recommended stop-loss: R$4.25 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (PETZ3.SA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Pet Center Comércio e Participações S.A. to open at R$4.44, and during the day (based on 14 day Average True Range), to move between R$4.19 and R$4.71, which gives a possible trading interval of +/-R$0.258 (+/-5.79%) up or down from last closing price. If Pet Center Comércio e Participações S.A. takes out the full calculated possible swing range there will be an estimated 11.58% 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$4.18 (6.07%) than the resistance at R$4.80 (7.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pet Center Comércio e Participações 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 Pet Center Comércio e Participações stock to perform well in the short-term.

Current score: 2.704 Buy Candidate Unchanged

Predicted Opening Price for Pet Center Comércio e Participações S.A. of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.