Romi S.A. Stock Forecast
Romi S.A. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Romi S.A. stock price gained 1.25% on the last trading day (Tuesday, 25th Jun 2024), rising from R$10.42 to R$10.55. During the last trading day the stock fluctuated 1.34% from a day low at R$10.45 to a day high of R$10.59. The price has been going up and down for this period, and there has been a 2.53% gain for the last 2 weeks. Volume fell on the last day by -90 thousand shares and in total, 165 thousand shares were bought and sold for approximately R$1.74 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 lies in the middle of a 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 -17.89% during the next 3 months and, with a 90% probability hold a price between R$7.92 and R$9.07 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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ROMI3.SA Signals & Forecast
Mostly positive signals in the chart today. The Romi 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$10.33 and R$10.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 4.87%. 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 Romi S.A. stock
Romi S.A. finds support from accumulated volume at R$10.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved R$0.140 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: R$10.03 (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (ROMI3.SA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Romi S.A. to open at R$10.53, and during the day (based on 14 day Average True Range), to move between R$10.30 and R$10.80, which gives a possible trading interval of +/-R$0.249 (+/-2.36%) up or down from last closing price. If Romi S.A. takes out the full calculated possible swing range there will be an estimated 4.72% 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$10.50 (0.47%) than the resistance at R$10.70 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Romi S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.310 Buy Candidate Upgraded
Predicted Opening Price for Romi S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| R$10.53 ( 0.190%) | R$10.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROMI3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.67 | 1.14% |
| R2 | 10.62 | 0.631% |
| R1 | 10.58 | 0.317% |
| Price | 10.55 | |
| S1 | 10.48 | -0.696% |
| S2 | 10.44 | -1.01% |
| S3 | 10.39 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.34 | 16.97% |
| R2 | 10.91 | 3.41% |
| R1 | 10.70 | 1.42% |
| Price | 10.55 | |
| S1 | 10.50 | -0.474% |
| S2 | 10.43 | -1.14% |
| S3 | 10.37 | -1.71% |
ROMI3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jul 17, 2024 | R$0.196 | 1.85% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 10, 2024 | R$0.102 | 0.84% |
| 3 | Dec 19, 2023 | Dec 19, 2023 | Dec 27, 2023 | R$0.193 | 1.56% |
| 4 | Sep 19, 2023 | Sep 19, 2023 | Sep 19, 2023 | R$0.201 | 1.74% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | R$0.210 | 1.30% |
FAQ
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