Companhia de saneamento Basico Do Estado Stock Forecast
Red day on Monday for Companhia de saneamento Basico Do Estado stock after losing 1.71%
(Updated on Apr 15, 2024)
The Companhia de saneamento Basico Do Estado stock price fell by -1.71% on the last day (Monday, 15th Apr 2024) from $15.79 to $15.52. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.47% from a day low at $15.34 to a day high of $15.56. The price has fallen in 6 of the last 10 days and is down by -5.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -507 thousand shares and in total, 391 thousand shares were bought and sold for approximately $6.07 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.21% during the next 3 months and, with a 90% probability hold a price between $15.92 and $17.70 at the end of this 3-month period.
SBS Signals & Forecast
There are few to no technical positive signals at the moment. The Companhia de saneamento Basico Do Estado 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 $16.32 and $16.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.38%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Companhia de saneamento Basico Do Estado stock
Companhia de saneamento Basico Do Estado finds support from accumulated volume at $15.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.225 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $14.56 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SBS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp to open at $15.47, and during the day (based on 14 day Average True Range), to move between $15.14 and $15.90, which gives a possible trading interval of +/-$0.383 (+/-2.46%) up or down from last closing price. If Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.45 (0.45%) than the resistance at $15.65 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock A Buy?
Companhia de saneamento Basico Do Estado holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.796 Hold/Accumulate Unchanged
Predicted Opening Price for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $15.47 ( 0.311%) | $15.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.70 | 1.14 % | |
| R2 | 15.61 | 0.585 % | ||
| R1 | 15.56 | 0.242 % | ||
| Current price: | 15.52 | |||
| Support | S1 | 15.39 | -0.87 % | |
| S2 | 15.33 | -1.21 % | ||
| S3 | 15.25 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.48 | 6.19 % | |
| R2 | 16.05 | 3.41 % | ||
| R1 | 15.65 | 0.84 % | ||
| Current price | 15.52 | |||
| Support | S1 | 15.45 | -0.451% | |
| S2 | 15.42 | -0.644% | ||
| S3 | 15.27 | -1.61% |
SBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2023 | May 02, 2023 | Jul 06, 2023 | $0.253 | 2.26% |
| 2 | Apr 06, 2022 | Apr 29, 2022 | Jul 06, 2023 | $0.200 | 1.79% |
| 3 | Apr 08, 2021 | Apr 30, 2021 | Jul 08, 2021 | $0.0710 | 1.05% |
| 4 | Apr 24, 2020 | May 01, 2020 | Jul 06, 2020 | $0.252 | 2.29% |
| 5 | Apr 16, 2019 | Apr 30, 2019 | Jul 08, 2019 | $0.300 | 2.34% |
FAQ
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