Romi S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Romi S.A. as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
No changes to the price of Romi S.A. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at R$10.45 to a day high of R$10.45. The price has fallen in 5 of the last 10 days but is still up by 3.06% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at R$10.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.03% during the next 3 months and, with a 90% probability hold a price between R$6.68 and R$8.37 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
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. 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 Wednesday, June 12, 2024, and so far it has fallen -0.476%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Romi S.A. stock
Romi S.A. finds support from accumulated volume at R$10.43 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.13%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROMI3.SA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Romi S.A. to open at R$10.45, and during the day (based on 14 day Average True Range), to move between R$10.22 and R$10.68, which gives a possible trading interval of +/-R$0.226 (+/-2.16%) up or down from last closing price. If Romi S.A. takes out the full calculated possible swing range there will be an estimated 4.32% 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$10.43 (0.19%) than the resistance at R$10.50 (0.48%), 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?
Romi S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.709 Sell Candidate Downgraded
Predicted Opening Price for Romi S.A. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| R$10.45 ( 0%) | R$10.45 |
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 | 10.45 | - |
| R2 | 10.45 | - |
| R1 | 10.45 | - |
| Price | 10.45 | |
| S1 | 10.45 | - |
| S2 | 10.45 | - |
| S3 | 10.45 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.34 | 18.09% |
| R2 | 10.91 | 4.40% |
| R1 | 10.50 | 0.478% |
| Price | 10.45 | |
| S1 | 10.43 | -0.191% |
| S2 | 10.38 | -0.670% |
| S3 | 10.37 | -0.766% |
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 | 0.82% |
| 3 | Dec 19, 2023 | Dec 19, 2023 | Dec 27, 2023 | R$0.193 | 1.53% |
| 4 | Sep 19, 2023 | Sep 19, 2023 | Sep 19, 2023 | R$0.201 | 1.71% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | R$0.210 | 1.27% |
FAQ
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