Triunfo Participações e Investimentos Stock Forecast

Triunfo Participações e Investimentos stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

TPIS3.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Triunfo Participações e Investimentos 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$3.73 and R$4.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Triunfo Participações e Investimentos gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Triunfo Participações e Investimentos stock

Triunfo Participações e Investimentos finds support from accumulated volume at R$3.68 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$0.0800 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 3.18%.

Our recommended stop-loss: R$3.51 (-5.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (TPIS3.SA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Triunfo Participações e Investimentos S.A. to open at R$3.74, and during the day (based on 14 day Average True Range), to move between R$3.58 and R$3.84, which gives a possible trading interval of +/-R$0.132 (+/-3.57%) up or down from last closing price. If Triunfo Participações e Investimentos S.A. takes out the full calculated possible swing range there will be an estimated 7.14% 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$3.68 (0.81%) than the resistance at R$3.80 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Triunfo Participações e Investimentos S.A. stock A Buy?

Triunfo Participações e Investimentos 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.321 Hold/Accumulate Downgraded

Predicted Opening Price for Triunfo Participações e Investimentos S.A. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.