Recrusul S/A Stock Forecast
Red day on Friday for Recrusul S/A stock after losing 0%
(Updated on Jun 21, 2024)
No changes to the price of Recrusul S/A stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 3.03% from a day low at R$0.99 to a day high of R$1.02. The price has fallen in 6 of the last 10 days and is down by -13.79% for this period.
The stock lies in the middle of a very wide and strong 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 75.44% during the next 3 months and, with a 90% probability hold a price between R$1.22 and R$3.11 at the end of this 3-month period.
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RCSL4.SA Signals & Forecast
There are few to no technical positive signals at the moment. The Recrusul S/A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at R$1.11 and R$1.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -34.21%. 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). 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 Recrusul S/A stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved R$0.0300 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RCSL4.SA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Recrusul S/A to open at R$1.00, and during the day (based on 14 day Average True Range), to move between R$0.91 and R$1.09, which gives a possible trading interval of +/-R$0.0912 (+/-9.12%) up or down from last closing price. If Recrusul S/A takes out the full calculated possible swing range there will be an estimated 18.24% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ R$1.15, some R$0.150 (15.00%) from the current price of R$1.00, our system finds the risk reward not very attractive.
Is Recrusul S/A stock A Buy?
The Recrusul S/A stock holds several negative signals and despite the positive trend, we believe Recrusul S/A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.777 Sell Candidate Unchanged
Predicted Opening Price for Recrusul S/A of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| R$1.00 ( 0.333%) | R$1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCSL4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.03 | 3.33% |
| R2 | 1.02 | 2.19% |
| R1 | 1.01 | 1.48% |
| Price | 1.00 | |
| S1 | 0.99 | -0.81% |
| S2 | 0.98 | -1.52% |
| S3 | 0.97 | -2.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.20 | 20.00% |
| R2 | 1.16 | 16.00% |
| R1 | 1.15 | 15.00% |
| Price | 1.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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