TC Traders Club S.A. Stock Forecast

TC Traders Club S.A. stock price down 0% on Friday
(Updated on May 17, 2024)

TRAD3.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has fallen 0%. 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 TC Traders Club 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$0.756 and R$0.82. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for TC Traders Club S.A. stock

TC Traders Club S.A. finds support from accumulated volume at R$0.740 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.0200 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 7.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TRAD3.SA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TC Traders Club S.A. to open at R$0.743, and during the day (based on 14 day Average True Range), to move between R$0.693 and R$0.81, which gives a possible trading interval of +/-R$0.0571 (+/-7.61%) up or down from last closing price. If TC Traders Club S.A. takes out the full calculated possible swing range there will be an estimated 15.23% 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$0.760 (1.33%) than the support at R$0.740 (1.33%), 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 TC Traders Club S.A. stock A Buy?

TC Traders Club S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.744 Sell Candidate Unchanged

Predicted Opening Price for TC Traders Club S.A. of Monday, May 20, 2024

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