Fibra Terrafina Stock Forecast
Red day on Friday for Fibra Terrafina stock after losing 0.757%
(Updated on May 03, 2024)
The Fibra Terrafina stock price fell by -0.757% on the last day (Friday, 3rd May 2024) from $42.28 to $41.96. During the last trading day the stock fluctuated 2.43% from a day low at $41.95 to a day high of $42.97. The price has risen in 6 of the last 10 days and is up by 1.94% over the past 2 weeks. Volume has increased on the last day by 97 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 866 thousand shares were bought and sold for approximately $36.33 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 $41.17 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 9.02% during the next 3 months and, with a 90% probability hold a price between $44.88 and $51.09 at the end of this 3-month period.
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TERRA13.MX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fibra Terrafina 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 $42.66 and $43.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -7.45%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fibra Terrafina stock
Fibra Terrafina finds support from accumulated volume at $40.40 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 $1.02 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TERRA13.MX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Fibra Terrafina to open at $42.29, and during the day (based on 14 day Average True Range), to move between $40.68 and $43.24, which gives a possible trading interval of +/-$1.28 (+/-3.05%) up or down from last closing price. If Fibra Terrafina takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.40 (3.72%) than the resistance at $43.56 (3.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Fibra Terrafina will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.690. We will update the financials statements for Fibra Terrafina, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.16% in the first trading day after earnings release.
Is Fibra Terrafina stock A Buy?
The Fibra Terrafina stock holds several negative signals and despite the positive trend, we believe Fibra Terrafina will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.413 Sell Candidate Unchanged
Predicted Opening Price for Fibra Terrafina of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$42.29 ( 0.794%) | $41.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TERRA13.MX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.31 | 3.23 % | |
R2 | 42.92 | 2.30 % | ||
R1 | 42.68 | 1.72 % | ||
Current price: | 41.96 | |||
Support | S1 | 41.90 | -0.134 % | |
S2 | 41.66 | -0.708 % | ||
S3 | 41.27 | -1.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.26 | 5.48 % | |
R2 | 43.83 | 4.46 % | ||
R1 | 43.56 | 3.81 % | ||
Current price | 41.96 | |||
Support | S1 | 40.40 | -3.72% | |
S2 | 40.24 | -4.10% | ||
S3 | 39.77 | -5.22% |
TERRA13 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 07, 2024 | $0 | 0% |
2 | Mar 04, 2024 | Mar 04, 2024 | Mar 04, 2024 | $0 | 0% |
3 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | $0 | 0% |
4 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | $0.442 | 1.37% |
5 | May 10, 2023 | May 10, 2023 | May 10, 2023 | $0.467 | 1.39% |
FAQ
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