Tegma Gestão Logística S.A. Stock Forecast
Tegma Gestão Logística S.A. stock price ended at R$25.36 on Tuesday, after gaining 0.158%.
(Updated on May 21, 2024)
The Tegma Gestão Logística S.A. stock price gained 0.158% on the last trading day (Tuesday, 21st May 2024), rising from R$25.32 to R$25.36. During the last trading day the stock fluctuated 3.09% from a day low at R$24.92 to a day high of R$25.69. The price has fallen in 6 of the last 10 days and is down by -3.46% for this period. Volume fell on the last day by -49 thousand shares and in total, 194 thousand shares were bought and sold for approximately R$4.91 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 -9.71% during the next 3 months and, with a 90% probability hold a price between R$20.86 and R$23.99 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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TGMA3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 5.75%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tegma Gestão Logística S.A. 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 R$25.64 and R$25.50. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Tegma Gestão Logística S.A. stock
Tegma Gestão Logística S.A. finds support from accumulated volume at R$25.09 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$0.770 between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: R$24.54 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (TGMA3.SA) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Tegma Gestão Logística S.A. to open at R$25.32, and during the day (based on 14 day Average True Range), to move between R$24.67 and R$26.05, which gives a possible trading interval of +/-R$0.690 (+/-2.72%) up or down from last closing price. If Tegma Gestão Logística S.A. takes out the full calculated possible swing range there will be an estimated 5.44% 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$25.09 (1.06%) than the resistance at R$25.75 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tegma Gestão Logística S.A. stock A Buy?
Tegma Gestão Logística S.A. 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: -0.133 Hold/Accumulate Unchanged
Predicted Opening Price for Tegma Gestão Logística S.A. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| R$25.32 ( 0.145%) | R$25.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGMA3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.09 | 2.89 % | |
| R2 | 25.80 | 1.73 % | ||
| R1 | 25.62 | 1.02 % | ||
| Current price: | 25.36 | |||
| Support | S1 | 25.03 | -1.30 % | |
| S2 | 24.85 | -2.02 % | ||
| S3 | 24.55 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.78 | 9.54 % | |
| R2 | 27.65 | 9.03 % | ||
| R1 | 25.75 | 1.54 % | ||
| Current price | 25.36 | |||
| Support | S1 | 25.09 | -1.06% | |
| S2 | 24.75 | -2.41% | ||
| S3 | 24.59 | -3.04% |
TGMA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 12, 2024 | R$0 | 0% |
| 2 | Nov 10, 2023 | Nov 10, 2023 | Nov 10, 2023 | R$0.540 | 2.24% |
| 3 | Aug 09, 2023 | Aug 09, 2023 | Aug 09, 2023 | R$0.570 | 2.40% |
| 4 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | R$0.600 | 3.50% |
| 5 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | R$0.410 | 2.00% |
FAQ
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