Raia Drogasil S.A. Stock Forecast
Raia Drogasil S.A. stock price up 0.343% on Monday
(Updated on May 06, 2024)
The Raia Drogasil S.A. stock price gained 0.343% on the last trading day (Monday, 6th May 2024), rising from R$26.24 to R$26.33. It has now gained 3 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 1.50% from a day low at R$25.99 to a day high of R$26.38. The price has risen in 6 of the last 10 days and is up by 3.13% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately R$98.07 million. 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.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Raia Drogasil S.A. stock with a 90% probability to be traded between R$24.65 and R$28.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RADL3.SA Signals & Forecast
Mostly positive signals in the chart today. The Raia Drogasil 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$25.82 and R$26.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 6.26%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Raia Drogasil S.A. stock
Raia Drogasil S.A. finds support from accumulated volume at R$26.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved R$0.390 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: R$25.36 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (RADL3.SA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Raia Drogasil S.A. to open at R$26.23, and during the day (based on 14 day Average True Range), to move between R$25.77 and R$26.89, which gives a possible trading interval of +/-R$0.564 (+/-2.14%) up or down from last closing price. If Raia Drogasil S.A. takes out the full calculated possible swing range there will be an estimated 4.29% 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$26.00 (1.25%) than the resistance at R$27.07 (2.81%), 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
Raia Drogasil S.A. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for Raia Drogasil S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.32% in the first trading day after earnings release.
Is Raia Drogasil S.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Raia Drogasil S.A. stock to perform well in the short-term period.
Current score: 3.017 Buy Candidate Unchanged
Predicted Opening Price for Raia Drogasil S.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| R$26.23 ( 0.367%) | R$26.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RADL3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.62 | 1.11 % | |
| R2 | 26.47 | 0.548 % | ||
| R1 | 26.38 | 0.199 % | ||
| Current price: | 26.33 | |||
| Support | S1 | 26.08 | -0.93 % | |
| S2 | 25.99 | -1.28 % | ||
| S3 | 25.84 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.20 | 7.10 % | |
| R2 | 27.91 | 6.00 % | ||
| R1 | 27.07 | 2.81 % | ||
| Current price | 26.33 | |||
| Support | S1 | 26.00 | -1.25% | |
| S2 | 25.36 | -3.68% | ||
| S3 | 24.90 | -5.43% |
RADL3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 18, 2024 | R$0 | 0% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Dec 01, 2024 | R$0.0434 | 0.165% |
| 3 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | R$0.0484 | 0.167% |
| 4 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | R$0.0508 | 0.181% |
| 5 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | R$0.0531 | 0.194% |
FAQ
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