TIM S.A. Stock Forecast
TIM S.A. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The TIM S.A. stock price gained 3.01% on the last trading day (Thursday, 2nd May 2024), rising from R$17.61 to R$18.14. During the last trading day the stock fluctuated 2.60% from a day low at R$17.71 to a day high of R$18.17. The price has risen in 8 of the last 10 days and is up by 5.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately R$159.40 million.
The stock lies in the middle of a 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 -4.33% during the next 3 months and, with a 90% probability hold a price between R$16.26 and R$17.73 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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TIMS3.SA Signals & Forecast
The TIM 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$17.59 and R$17.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.83%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TIM S.A. stock
TIM S.A. finds support from accumulated volume at R$17.80 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$0.460 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: R$17.35 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (TIMS3.SA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TIM S.A. to open at R$18.01, and during the day (based on 14 day Average True Range), to move between R$17.79 and R$18.49, which gives a possible trading interval of +/-R$0.351 (+/-1.94%) up or down from last closing price. If TIM S.A. takes out the full calculated possible swing range there will be an estimated 3.87% 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$18.24 (0.55%) than the support at R$17.80 (1.87%), 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.
Earnings coming up
TIM S.A. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.250. We will update the financials statements for TIM S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.05% in the first trading day after earnings release.
Is TIM S.A. stock A Buy?
TIM S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TIM S.A. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| R$18.01 ( 0.735%) | R$18.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIMS3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.47 | 1.80 % | |
| R2 | 18.29 | 0.83 % | ||
| R1 | 18.18 | 0.234 % | ||
| Current price: | 18.14 | |||
| Support | S1 | 17.83 | -1.70 % | |
| S2 | 17.72 | -2.30 % | ||
| S3 | 17.55 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.60 | 2.54 % | |
| R2 | 18.38 | 1.32 % | ||
| R1 | 18.24 | 0.551 % | ||
| Current price | 18.14 | |||
| Support | S1 | 17.80 | -1.87% | |
| S2 | 17.61 | -2.92% | ||
| S3 | 17.37 | -4.24% |
TIMS3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | R$0 | 0% |
| 2 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | R$0.176 | 1.16% |
| 3 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | R$0.120 | 0.82% |
| 4 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | R$0.0950 | 0.684% |
| 5 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | R$0.248 | 1.91% |
FAQ
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