Santos Brasil Participações S.A. Stock Forecast
Santos Brasil Participações S.A. stock price ended at R$12.28 on Wednesday, after gaining 0.491%.
(Updated on May 22, 2024)
The Santos Brasil Participações S.A. stock price gained 0.491% on the last trading day (Wednesday, 22nd May 2024), rising from R$12.22 to R$12.28. During the last trading day the stock fluctuated 2.48% from a day low at R$12.09 to a day high of R$12.39. The price has fallen in 7 of the last 10 days and is down by -11.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately R$61.37 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at R$12.09 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 21.39% during the next 3 months and, with a 90% probability hold a price between R$14.68 and R$17.68 at the end of this 3-month period.
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STBP3.SA Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Santos Brasil Participações S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at R$12.55 and R$13.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -12.47%. 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).
Support, Risk & Stop-loss for Santos Brasil Participações S.A. stock
Santos Brasil Participações S.A. finds support from accumulated volume at R$11.79 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 R$0.300 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STBP3.SA) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Santos Brasil Participações S.A. to open at R$12.25, and during the day (based on 14 day Average True Range), to move between R$11.82 and R$12.74, which gives a possible trading interval of +/-R$0.459 (+/-3.73%) up or down from last closing price. If Santos Brasil Participações S.A. takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at R$12.64 (2.93%) than the support at R$11.79 (3.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Santos Brasil Participações S.A. stock A Buy?
The Santos Brasil Participações S.A. stock holds several negative signals and despite the positive trend, we believe Santos Brasil Participações S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.695 Sell Candidate Unchanged
Predicted Opening Price for Santos Brasil Participações S.A. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| R$12.25 ( 0.217%) | R$12.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STBP3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.55 | 2.23 % | |
| R2 | 12.44 | 1.29 % | ||
| R1 | 12.37 | 0.716 % | ||
| Current price: | 12.28 | |||
| Support | S1 | 12.14 | -1.15 % | |
| S2 | 12.07 | -1.73 % | ||
| S3 | 11.95 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.72 | 11.73 % | |
| R2 | 12.88 | 4.89 % | ||
| R1 | 12.64 | 2.93 % | ||
| Current price | 12.28 | |||
| Support | S1 | 11.79 | -3.99% | |
| S2 | 10.85 | -11.64% | ||
| S3 | 10.78 | -12.21% |
STBP3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Apr 04, 2024 | R$0.164 | 1.22% |
| 2 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | R$0 | 0% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | R$0.153 | 2.11% |
| 4 | Aug 11, 2023 | Aug 11, 2023 | Aug 11, 2023 | R$0.104 | 1.11% |
| 5 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | R$0.0504 | 0.533% |
FAQ
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